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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Peace Agreement Between Israel and UAE
Antwerp: Mr. Yoram Dvash, Acting President of the World Federation of Diamond Bourses (WFDB) and President of the Israel Diamond Exchange (IDE), praised the governments of Israel and the United Arab Emirates for the historic agreement that was announced yesterday to normalize relations between the two important countries in the Middle East. Mr. Dvash said that he congratulates all of
Botswana's Diamond Sales Down by 64%
Gaborone: Botswana, the world’s top diamond-producing country by value, saw Q2 sales fell down by almost two-thirds because of coronavirus. Pandemic-related travel bans and reduced outputs resulted in sales of just $294m, down 64% from $807m for the same period in 2019, according to Bank of Botswana data. First quarter sales for 2020, before the full impact of the pandemic was felt,
GJEPC Seeks Special Assistance from MSME Ministry
Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) made a representation on the key focus areas pertaining to Gems & Jewellery to the Micro, Small and Medium Enterprises (MSMEs) sector to Mr. Nitin Gadkari, Minister of MSME, Government of India, on 6th August. Through a virtual meet, Mr. Colin Shah, GJEPC Chairman and Mr. Vipul Shah, Vice Chairman, briefed
GJEPC to Organise First-Ever BSM in Virtual Format
Mumbai: Gem and Jewellery Export Promotion Council of India (GJEPC), the apex body for the promotion of gems and jewellery, will be hosting their Buyer and Seller Meet (BSM) for the first time in a virtual format, amidst the ongoing COVID-19 pandemic. The virtual format of this unique buyers and sellers meet will give an opportunity for Indian domestic jewellery
GJC Requests Formation of Gujarat State Level Vigilance Committee
Ahmedabad: The All India Gem and Jewellery Domestic Council (GJC) yesterday informed that it had formally requested the Government of Gujarat to establish a State Level Vigilance Committee dedicated to protecting the interests of jewellers across the state. A high-level delegation from GJC, led by Chairman Mr. Rajesh Rokde, Vice Chairman Mr. Avinash Gupta, Director Mr. Salim Daginawala, ZCM Mr. Avi Shah,
Before You Buy Gold, Follow the Golden Rule
Mumbai: The Indian Association for Gold Excellence and Standards (IAGES), a Self-Regulatory Organization established by and for the Indian gold industry, has unveiled an exciting new campaign #PehlaCheckIAGES to elevate gold industry standards across the country. The IAGES framework of accreditation was formed with a vision to set the highest standards of integrity and excellence across the entire gold value
De Beers & GJEPC Leaders Discuss Market Challenges
Mumbai: Mr. Paul Rowley, Executive Vice President, Diamond Trading, De Beers Group, met the GJEPC leadership at the Bharat Diamond Bourse in Mumbai on 28 November. Rowley was joined by Sean Lin, VP Sales, De Beers Group, and Sunil Dias, Diamond Consultant, De Beers. The De Beers officials were received by GJEPC’s leadership including Kirit Bhansali, Chairman; Shaunak Parikh, Vice
Flanders Allows Foreign Diamond Workers in Antwerp
Antwerp: The Council of Ministers of the Flemish Government decided on the proposal of Minister of Work Zuhal Demir, that foreign workers may be employed for the shortage occupations of diamond polishers and diamond sorters. The decision is an important boost for the Antwerp diamond sector, which faces a structural shortage of these specialised profiles. They are scarcely available on
