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
Botswana Unearths Massive 1,305 ct. Diamond
Gaborone: Africa’s leading diamond producer, Botswana, has reinforced its status as a global powerhouse in the gemstone industry after a massive 1,305.4-carat diamond was recovered from the country’s renowned Karowe mine, adding yet another extraordinary discovery to its record of producing some of the world’s largest and most valuable diamonds. The stone is categorized as white and is unbroken, the
Forevermark Diamond Jewellery Opens First Store in Bengaluru
Bengaluru: Forevermark Diamond Jewellery from De Beers Group has strengthened its presence in South India with the launch of its first store in Bengaluru, marking a significant step in the brand’s retail expansion journey in India. Located at Phoenix Mall of Asia, one of Bengaluru’s premier luxury retail destinations, the new store strengthens Forevermark’s presence in one of the country’s
India–UK Trade Agreement: CoOs Distributed
New Delhi: To commemorate the India–UK trade agreement coming into effect, Mr. Rajesh Agarwal, the Commerce Secretary and Ms. Lindy Cameron, High Commissioner of UK in India distributed Certificates of Origin (COOs) to some of our exporter members at Vanijya Bhawan. Mr. Sabyasachi Ray, Executive Director and Mr. Antarpal Singh, Regional Chairman, Northern Region received the certificates on their behalf
Kirit Bhansali Joins India’s High Level Delegation
Mumbai: Mr. Kirit Bhansali , Chairman of India’s Gem & Jewellery Export Promotion Council (GJEPC), joins Mr. Piyush Goyal , Hon’ble Minister of Commerce & Industry; Dr. S. Jaishankar , Hon’ble Minister of External Affairs; Mr. Jitin Prasada , Hon’ble Minister of State for Electronics & Information Technology and Commerce & Industry; and Ms. Karen Rentmeesters , CEO, AWDC, at
Lucapa Achieves Record Production in Q3
Luanda: Following their announcement earlier this month about achieving record levels of rough diamond production at their Lulo Diamond Project in Angola in Q3 of 2016, Australia’s Lucapa Diamond Co. has now announced corresponding record levels of sales during the same period. Sales of 12,438 carats during the three-month period represent a 206% jump in Q3 2016 compared to 2015,
How Different are the Campaigns of WDM & DPA?
Hong Kong: First, The World Diamond Mark (WDM) was created by the World Federation of Diamond Bourses to rekindle consumers’ desire for diamonds and diamond jewellery, build trust in the retail jeweller, and consequently to boost demand for natural diamonds throughout the diamond supply pipeline. Operating as the industry’s catalyst, WDM aims to engage all diamond industry stakeholders, and invites
CIBJO Congress concludes in Yerevan, Armenia
Milan: CIBJO, the World Jewellery Confederation, wrapped up its 2016 congress in Yerevan, Armenia, on Friday, October 28, after five intensive days of discussions on a wide-ranging set of issues facing the gemstone and jewellery industry, and sessions of its specialized commissions covering the diamond, coloured stone, pearl, coral, precious metals and gemmological laboratory sectors, as well as ethics, marketing
S&P Sees Negative Outlook for Botswana
Gaborone: Standard & Poor’s (S&P) affirmed Botswana’s credit rating and gave the country a negative outlook, reflecting the risks over the next 12 to 18 months if the current diamond-sector slump proves more structural than cyclical in nature. The agency said it maintained its ‘A-/A-2’ long and short-term foreign and local currency sovereign credit ratings for the country. Even so,
