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
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Gold Prices Likely to Rise towards 62000 per 10 Gram
Mumbai: Demand for gold in 2023 is likely to rise due to geopolitical uncertainty coupled with the looming risk of recession, according to ICICI Direct Research. Historically, gold as an asset is considered to be safe as it typically manages to retain or appreciate its underlying value in times of turbulence. “Gold prices are likely to rise mainly on the
BVC Launches MarketSHIP to Secure Marketing Trips
The industry currently operates by traveling to a new city & carrying goods in a taxi while going door-to-door to new clients, and there are high risks undertaken, and an insurance claim challenge due to low limits for traveling salespersons. BVC has launched a door-to-door solution, wherein they will pickup from the origin, securely ship it to the destination, and
De Beers’ Sightholder Sales Relocate to Gauteng
Johannesburg: The De Beers Group announced on Monday, 12 December, that it would be relocating its Sightholder Sales activities in South Africa from Kimberley to Johannesburg following a review of its sorting activities in South Africa. The relocation also supports the government’s strategy to consolidate the country’s mineral beneficiation sector into one area at the Gauteng Industrial Development Zone, close
De Beers Nets $410 mln. from 10th Sales Cycle
Gaborone: Anglo American plc, the parent company of De Beers, said the diamond miner provisionally netted $410 million at its tenth sales cycle of 2022 versus $454 million realized from the previous nineth sales cycle. Owing to the restrictions on the movement of people and products in various jurisdictions around the globe, De Beers Group has continued to implement a
Sanctions: EU Extends Sunrise Period
Antwerp: European Union (EU) is extending the “sunrise period” for the traceability of sanctioned Russian diamonds by six months, and allowing trade in “grandfathered stock” – goods imported before restrictions were imposed. Both announcements were made yesterday as part of its 14th package of sanctions, according to the AWDC (Antwerp World Diamond Centre), which has been calling for concessions. The
IIJS Premiere Gets Exhibition Excellence Awards
Mumbai: It was a Proud moment for India’s Gem & Jewellery Export Promotion Council (GJEPC) when the India International Jewellery Show (IIJS) Premiere received Exhibition Excellence Awards on 21st June 2024 in Mumbai. “IIJS Premiere 2023” won two awards 1) Top Sourcing Show of India – Winner and 2) India’s Grand Show -1st runner’s up. The winner awards were received
India Pavilion at JGA Hong Kong 2024
Hong Kong: The Gem & Jewellery Export Promotion Council (GJEPC) is proud to announce India Pavilion participation in the Jewellery & Gem Asia (JGA) Hong Kong, being helf from June 20-23, 2024, at the Hong Kong Convention and Exhibition Centre. This prestigious event stands as Asia’s unmatched mid-year B2B sourcing platform for the gem and jewellery industry. The India Pavilion,
Gemfields Ruby Auction Nets $68.7 Mln.
Mumbai: Gemfields Group Limited (GGL) has reported robust results from its recent auction of mixed-quality rough rubies, held from 3rd to 18th June 2024. The event, marking the 10th anniversary of Gemfields’ inaugural ruby auction, showcased strong market confidence despite industry challenges. The auction generated total revenues of $68.7 million, with 94 of the 97 lots offered being sold, accounting for 217,044
