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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Sovereign Gold Bonds Open Today for Subscription
Mumbai : The sixth tranche of gold bonds of this fiscal opens for subscription tomorrow amid volatile prices of the yellow metal in recent days. The Reserve Bank of India (RBI) has fixed the issue price at 5,117 per gram. Those applying online and making payment online get a discount of ₹50 per gram. For such investors, the issue price of
Alrosa also Offers Discounts on Rough
Moscow: Alrosa has reportedly followed De Beers by discounting rough prices in response to the coronavirus slump in demand. Last week De Beers was reported to have lowered the price of larger stones at Sight 7 by as much as 10 per cent. Both miners have held firm with sales-over-volume policies until now, despite smaller rivals offering discounts of up
GJEPC UNCUT 2020: Webinar with IT Department
Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) jointly organized an informative webinar along with top officials of the Income Tax Department on 28th August, to discuss the benefits and outline the procedures of the “Faceless Assessment Scheme, Appeals and Income Tax Charter”. The discussion touched upon the benefits of new faceless assessment, appeals and Income Tax Charter and
CIBJO's 2nd Webinar Series Kicks off from Sep 3
Milan: Season 2 of CIBJO’s popular webinar series will kick off on Thursday, September 3, 2020, with a panel of retail jewellery trade experts, who together will consider one of the most vexing challenges facing their sector in living memory – how to plan and prepare for the upcoming holiday seasons in the midst of a global pandemic. Traditionally, the
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
