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 $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
Top News
ALROSA Expects Reduced Rough Production
Moscow: The Strategic Planning Committee of ALROSA’s Supervisory Board reviewed options to cut spending and optimise production as proposed by the management and recommended that the management be guided by proposals envisaging lower output, the company said. According to preliminary estimates, when implementing measures to reduce production, ALROSA’s production in 2020 may reach 28-31 million carats compared to the initial
RJC Elects New Board of Directors
New York: The Responsible Jewellery Council (RJC) recently held its first ever virtual Annual General Meeting, which also coincided with its 15th anniversary. The organisation, which has seen membership grow 32% in the last three years, also elected the Board of Directors for the next term in office. Joining the Chair, David Bouffard, and Vice-Chair, Peter Karakchiev from ALROSA, two
RBI Cuts Repo Rate by 40 bps to 4%
Mumbai: The Reserve Bank of India (RBI) has decided to reduce the policy repo rate by 40 basis points from 4.4 per cent to 4 per cent. “RBI’s Monetary Policy Committee met again from May 20-22. MPC voted to 5:1 majority to reduce the policy repo rate by 40 basis points from 4.4 to 4%,” Mr. Shaktikanta Das said. Earlier,
India’s Gem-Jewellery Exports Drop 10.2% in 2019-20
Mumbai: India’s gross exports of gems and jewellery dipped by 10.19% during the fiscal year that ended on March 31, 2020 declining to US$ 35.53 billion as compared to US$ 39.56 billion in the same period of the previous year, according to provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC). Imports across the sector during fiscal
Forevermark Hosted Forum 2014
Jaipur: Forevermark, the diamond brand from De Beers group hosted the 3rd Annual Forevermark Forum in The Pink City to celebrate the brand for the year 2014. The three day interactive forum held from 02nd till 04th June 2014 in the city of Jaipur for its key associates & stakeholders was a massive success and was attended by India’s leading
JCK Show to Remain a Four-Day Format
Las Vegas: JCK Las Vegas will continue as a four-day show, according to an announcement sent out to exhibitors. “While some customers had expressed a desire for JCK to extend to five days, the research simply did not indicate enough interest to justify a fifth day and the costs associated with an extra day,” said a note sent out to
De Beers Sending AMS Machines to Sightholders
Gaborone: Jonathan Kendall, President of De Beers’ International Institute of Diamond Grading & Research (IIDGR), said the Automated Melee Screening (AMS) instrument is being dispatched to Sightholders across the globe. The first installation and training sessions successfully took place at the end of June with Tasaki and Rosy Blue in Japan. “The focus has now shifted to installing the AMS
Antwerp Diamond Trade Fair in February 2015
Antwerp: The organizers of the Antwerp Diamond Trade Fair (ADTF) announced the 2015 dates of this unique by-invitation-only international loose diamond trade show. The sixth edition of the ADTF will open its doors on Sunday, February 1st, and close on Tuesday, February 3. The ADTF’s dates are in sync with those of other prestigious jewellery industry events in the region
