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
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
Shailesh Jhalani Elected as New President of IDCA
New York: The Indian Diamond & Colorstone Association (IDCA) has elected Shailesh Jhalani to succeed the outgoing Rajeev Pandya as president. Jhalani, the owner of Prompt Gem Importers and the former vice president of the group, was voted in as president at the New York election on December 8, the IDCA said last week. Members chose Vinit Jobanputra of Sanghavi
GJEPC Holds Stall Allotment for Inaugural IIJS Tritiya
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) conducted the stall allotment procedure for its brand new Bengaluru-based show IIJS Tritiya, at Jio World Centre in Mumbai on 19th December. Some 1500+ booths were allocated to 800+ exhibitors on the same day through a transparent process via an online platform that provided a real-time view of the booths being
Can Arvind Shah Revive Operations of SDB?
Surat: The appointment of Mr. Arvind Shah from Dhanera Diamonds as the president of the Surat Diamond Bourse (SDB) Service Co-operative Society has sparked conversations about potential repetition of history. Shah steps into a role previously occupied by Mr. Nagji Sakaria of HVK Diamond, who stepped down amid efforts to shift Mumbai’s diamond trade to Surat, hinting at possible challenges
Gemfields Emeralds Auction Fetches $17.1 Mln.
Jaipur: Gemfields said its auction of commercial quality rough emeralds at the 9th India Rough Gemstone Sourcing Show (IRGSS), organised by the GJEPC, in Jaipur, from 5th to 23rd March 2024 realised total revenues of $17.1 million. Of the 43 lots offered for sale, 40 were sold (93%) at an average price of $4.45 per carat. Adrian Banks, Gemfields’ Managing
P N Gadgil Jewellers to Launch IPO
Mumbai: P N Gadgil Jewellers Limited, the second largest among the prominent organised jewellery players in Maharashtra, in terms of the number of stores as on January, 2024, which is the largest market for BIS-registered outlets in India has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”). The Company’s initial public
Call for Direct Flights Between Belgium & India
Mumbai: Diamond traders in Antwerp are calling on Air India to introduce non-stop flights to Delhi and Mumbai, reports idexonline.com. They’ve written to the airline saying the move would save travelling time and allow them to streamline their operations. There is currently no direct service between Belgium and India, two of the world’s biggest diamond hubs. Many passengers change in
