We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
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Gahcho Kué Mine Suspends All Operations
Toronto: The Gahcho Kue diamond mine in Canada has suspended all operations after six workers tested positive for COVID-19. It follows a separate outbreak involving workers on contractor-operated winter road 25 miles away, although health officials do not believe the two are linked. The 335 workers currently at the mine in Northwest Territories, have been confined to their rooms, “except to use the washroom and for scheduled meal times“.
De Beers’ Jan Sight Earns Highest in Three Years
Gaborone: De Beers sold $650 million worth of rough diamonds at its first sales Sight of the year – “the highest figure” since January 2018. In the last Sight of 2020, De Beers sold $452 million worth of rough, while in the corresponding Sight of 2020 (Sight 1), De Beers sold $551 million worth of rough. Mr. Bruce Cleaver, CEO
Long-term Outlook for Diamond Industry is Positive
Antwerp: Bain & Company and the Antwerp World Diamond Centre (AWDC) have published their tenth joint annual report on the global diamond industry. The report covers the diamond and jewellery industry’s performance during 2019, the effects of the Covid-19 pandemic in 2020, and presents an update on consumer preferences and attitudes. The report also offers an assessment of possible scenarios
Anika is President of MMTC-PAMP Consu. Business
Mumbai: The MMTC-PAMP, India’s first and only London Bullion Market Association (LBMA) accredited Good Delivery refinery for Gold and Silver yesterday announced the appointment of Anika Agarwal as President – Consumer Business. Anika would be responsible for building and delivering the strategy to build MMTC PAMP’s brand and footprint in India across the Physical and Digital spaces. She will report
GJC Submits Jeweller-Integrated Framework for GMS
Mumbai: All India Gem and Jewellery Domestic Council (GJC) has been actively engaging with senior officials of the Reserve Bank of India (RBI) and the Ministry of Finance (MoF) to advance a comprehensive revamp of the Gold Monetization Scheme (GMS). GJC has submitted a refined, jeweller-integrated framework for GMS, developed through structured stakeholder consultations across the banking, refining, and jewellery sectors. The
India’s New Shopping Mindset, Before You Buy Gold, #PehlaCheckIAGES
Mumbai: Indian consumers are being given the choice to make more informed decisions while buying gold. The efforts of Indian Association of Gold Excellence and Standards (IAGES), a self-regulatory organization created by the gold industry, is beginning to see the fruits of the groundwork it has put, into encouraging a shift in the gold-buying mindset of people with its pan
De Beers Diamond Output Rises 17% in Q1 2026
London: De Beers Group reported a 17% rise in rough diamond production to 7.1 million carats in Q1 2026, driven by higher volumes from Canada and South Africa. The increase was operational. Canada recorded the sharpest growth, with production rising to 1.0 million carats, up 163% on planned ore release from Gahcho Kué. South Africa output surged 53% to 0.7
IIGJ Udupi Centre Inaugurated by India’s FM
Udupi, (Karnataka): Marking a significant milestone in India’s gem and jewellery skill development landscape, the Indian Institute of Gems & Jewellery (IIGJ), Udupi was unveiled yesterday as a new centre of excellence by India’s Finance Minister (FM) Mrs. Nirmala Sitharaman, reaffirming the government’s continued focus on skilling, innovation and employment generation for the sector. The ceremony was attended by Mr.
