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
Construction of India Jewellery Park, Mumbai Begins
Navi Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) yesterday marked a historic milestone in the development of India Jewellery Park Mumbai (IJPM) with the commencement of construction at Mahape, Navi Mumbai. The ceremony marks the transition of this long-cherished industry vision into the construction phase, bringing India’s ambition to establish a world-class, integrated jewellery manufacturing hub a significant
Qatar Diamond Exchange Broadens Asian Presence
Doha: The Qatar Diamond Exchange (QDE) has signed a Memorandum of Understanding (MoU) with the Diamond Federation of Hong Kong, China (DFHK), establishing a strategic partnership between the two organizations. The agreement was formalized in Hong Kong by Ghanim Al-Saadi, Director of the Qatar Diamond Exchange, and Lawrence Ma, President of DFHK. Founded in 2000, DFHK represents Hong Kong’s diamond
Diamonds for Development Fund Receives Initial Funding
Gaborone: The Government of the Republic of Botswana and De Beers Group yesterday announced that De Beers Group has transferred its initial contribution of BWP1 billion to the Diamond for Development Fund, marking a major milestone in the progress of the Fund and its mandate to support Botswana’s long-term economic diversification. The disbursement follows the establishment of the Fund’s governance
De Beers Reports Lower Q3 Output
London: De Beers reported an 11% year-on-year decrease in rough diamond production to 6.8-million carats for the quarter ended September 30, primarily driven by planned plant maintenance at Orapa, in Botswana, and a slowdown at Venetia, in South Africa, ahead of a planned two-year production pause. Operational Performance: De Beers notes that rough diamond production was 11% lower at 6.8
GIA India Conducted GemKids Programme
New Delhi: To ignite the love and passion of gemstones, GIA India conducted the GemKids programme for the students of Universal Public School, New Delhi, on May 3. More than 20 students from 6th to 8th grade attended the programme to learn about the fascinating world of gemstones. GIA India Instructor Amar Agarwal shared insights and facts on a variety
Registration for CIBJO Congress is Now Open
Milan: Registration for the 2019 congress of CIBJO, the World Jewellery Confederation, is now open. Delegates and other participants may register for the congress via a dedicated congress website located at: http://www.cibjo.org/congress2019. CIBJO’s 2019 annual congress will take place in Manama, the capital of the Kingdom of Bahrain, from November 18 to November 20, with pre-congress meetings beginning on November
Reena Ahluwalia Donates ‘Hope’ for Charity
New York: Continuing her commitment to Jewelers For Children (JFC) charity, artist Reena Ahluwalia is donating an original diamond painting to JFC to raise funds. The 20-inch painting, ‘Hope’, features a highly nuanced, hyper-realistic round brilliant diamond. It took Reena 200-hours to complete. The painting will be auctioned at the JFC’s Facets of Hope event on June 2, at The
CIBJO & CGWG to Create Responsible Sourcing Tools
Milan: CIBJO, the World Jewellery Confederation, and the Coloured Gemstone Working Group (CGWG) facilitated by the Dragonfly Initiative (TDI) have announced a new collaboration to strengthen and disseminate tools and resources for the responsible sourcing of coloured gemstones, to support a transparent, sustainable and vibrant coloured gemstone industry. It is intended that the tools and resources being developed will also
