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
IDE Requests Need for Increased Government Support
Ramat Gan: A delegation from the Israel Diamond Exchange (IDE), led by President Yoram Dvash, presented its case for increased government aid to the Israeli diamond industry at a special hearing at the Knesset Economics Committee yesterday. According to IDE President Yoram Dvash the industry has suffered major damage in recent months due to the COVID-19 crisis, which has
De Beers Hints at Restructuring the Company
London: De Beers is embarking on a huge modernization program that will affect all aspects of the business, CEO Mr. Bruce Cleaver said in a letter to staff. The move, in response to the COVID-19 pandemic, will include reviewing the way it sells rough stones, according to a report on the Bloomberg news website. It raises the possibility that the
GJEPC Donates Over Rs. 75 Lakh to a Surat Hospital
Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) continued its charitable work in the fight against Covid-19 by offering financial assistance through the Surat Diamond Association (SDA) to the SDA-Diamond Hospital & Medical Research Center (Matrushree Ramuba Tejani & Shantaba Vidiya Hospital) for purchasing medical equipment for an isolation ward. The financial aid has enabled the hospital to acquire
US China Trade War may Benefit India
Mumbai: With the Chinese imposition of the national security law on Hong Kong, the United States of America has given an indication of imposing 7.5% duty, which was earlier about 3.3%. US, President Mr. Donald Trump, has unswervingly seen attacking China over the spread of Coronavirus in the United States and not been able to contain it. The series of
The Next Chapter in India’s Timeless Diamond Story-GA Demands
Mumbai: India’s diamond industry has seen better days. With rising costs, delayed deals, and fewer opportunities, many traders are struggling to keep pace. But a change is here. GA Demands, a mobile-first app built by Indian traders, for Indian traders, is helping the diamond market bounce back — by giving users more control, zero commission fees, and smarter technology to
Countdown Begins for SAJEX Show
Jeddah: Saudi Arabia is gearing up for the year’s most-awaited B2B Gem and Jewellery Show ‘SAJEX’. The show which begins from 11th to 13th September at Jeddah Superdome, promises an exquisite showcase of jewellery from around the world by 100+ top Jewellery Manufacturers. A 3-day visual extravaganza is waiting to unfold. The show powered by INTERNATIONAL GEMOLOGICAL INSTITUTE (IGI) and
Diavik Mine Reaches 150 Mln. ct. Milestone
Yellowknife (Canada): Rio Tinto’s Diavik Diamond Mine in the Northwest Territories of Canada hasreached a significant milestone of producing 150 million carats of rough diamonds since the minecommenced production in 2003. Diavik mine, located on an island in a remote sub-Arctic lake, produces predominantly gem quality whitediamonds and a small quantity of yellow diamonds, destined for high end jewellery in
GemLead-A Landmark Collaboration between IIMA & GJC
Ahmedabad: The Indian Institute of Management Ahmedabad (IIMA), one of India’s premier management institutes, and the All India Gem and Jewellery Domestic Council (GJC), the country’s topmost jewellers’ representative body, yesterday begin a pioneering collaboration to launch “GemLead – Gems & Jewellery Executive Masterclass on Leadership, Excellence and Advanced Development.” This landmark initiative is designed exclusively for GJC members and
