We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
Top News
PGI Launches New “Committolove” Campaign
Mumbai: This Valentine’s Day, Platinum Love Bands launched the second leg of its #Committolove campaign, celebrating modern-day love and relationships. The brand’s holistic influencer strategy takes forward its compelling narrative, by thoughtfully weaving it into each collaboration. Along with a content partnership with India’s leading lifestyle publication, Femina, Platinum Love Bands has also associated with relevant influencer couples who resonate
IDMA to Hold 40th Congress from March 28-30
Antwerp: “The International Diamond Manufacturers Association (IDMA) announced it will hold its 40th Congress March 28-30, at the beachside Tel Aviv Carlton hotel in Israel. Contrary to earlier World Diamond Congresses, IDMA and its sister organization, the World Diamond Federation of Diamond Bourses (WFDB), will not hold what was to be the 40th edition of the World Diamond Congress together.
Grant of Rs. 242 Cr to IIT Madras for LGD Research
New Delhi: Indian Institute of Technology Madras (IIT Madras) will be provided a grant of ₹242 crore over a period of five years to undertake research on Lab-Grown Diamonds (LGD). This research will be focused on driving indigenisation of the LGD manufacturing process. Presenting the Budget 2023 on 1st February 2023, Smt. Nirmala Sitharaman, Hon’ble Finance Minister, Government of India,
Augmont Gold For All Honoured by India Book of Records
Mumbai: India’s Gold Platform, run by Augmont Gold For All, recently announced that they were honoured by the India Book of Records for creating the Thinnest Gold coin. The 24 Karat – 999 pure hallmarked Gold coin measured less than 1 mm, which is as thin as foil paper with a weight of 100 mg and a diameter of 2.2 cm. India Book of
Diavik Begins Underground Production
Perth: Rio Tinto’s Diavik diamond mine has officially entered commercial production at its A21 underground mine, marking a significant milestone in the mine’s operations. The successful completion of Phase 1 of the A21 underground project comes after extensive development and construction efforts. The company has also received approval for Phase 2 of the project, with an additional investment of $17
Govt. Offers Duty Waiver for India Jewellery Park
Mumbai: The Maharashtra state government has announced a complete waiver of stamp duty on the first lease of land and subsequent sub-leases within the India Jewellery Park, a project of GJEPC, at Mahape, Navi Mumbai. The decision, outlined in the Maharashtra Government Gazette dated 25th September 2024, aims to encourage investment in the jewellery sector and promote the development of the
Israel-Iran War: Impact on India’s G&J Industry
Mumbai (By Suresh Chotai): The escalating tensions between Iran and Israel could have several direct and indirect impacts on India’s Gem & Jewellery (G&J) industry, which is one of the largest in the world, particularly focused in Surat. Here’s a look at potential effects: The ongoing conflict is likely to benefit India’s exports of cut and polished diamonds due to
Rio Tinto Launches 2024 Beyond Rare Tender
London: Rio Tinto has launched its 2024 Beyond Rare™ Tender, the second in its Art Series offering, showcasing 48 lots of extraordinarily rare masterpieces of nature from its diamonds business. Titled Colour Awakened, this collection is headlined by seven “Old Masters”, notable historic diamonds from the Argyle Diamond Mine that operated from 1983 to 2020. The Old Masters comprise seven
