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
De Beers Reports Lower Production & Sales in 2019
London: De Beers has reported lower production, sales and underlying earnings for 2019 as it faced “significant challenges for rough diamond demand”. It predicted the return to “a more balanced position” of stock levels and an increase in production in 2020 in its preliminary financial results for last year, published recently. But it sounded a note of caution over a
DP Jewellers Launches Forevermark at its Store
Indore: With a legacy of almost 80 years, DP Jewellers has partnered with Forevermark, the diamond brand from the De Beers Group by launching the brand at their jewellery store in Indore. Forevermark diamonds are the world’s most carefully selected diamonds, while DP Jewellers enjoy the customer’s trust to offer some of the best designs in finest quality. The synergies of these two brands has brought
Bharat Diamond Week from 5th to 7th Aug 2020
Mumbai: The Bharat Diamond Bourse (BDB), the largest diamond bourse in the world, has announced the dates for the fourth edition of the Bharat Diamond Week (BDW), the world’s biggest polished diamond and diamond jewellery show. The fourth edition of the show will run from August 5-7 at the BDB in Mumbai, India. The event is expected to be a
ORRA Launches Largest Store in Nagpur
Nagpur: Actress Bhumi Pednekar launched the largest store of ORRA (3,500 sq. ft.), the bridal jewellery brand for the style-conscious women of today and brides, in Nagpur. Mr. Dipu Mehta (Promoter of ORRA) and Mr. Cecil de Santa Maria (COO, ORRA) were also present on the occasion. The first-of-its-kind Bridal Jewellery Zone in the ORRA store helps brides and their families
China’s Jewellery Sales Accounted for 41%
Beijing: Mainland China is a major jewellery consumer in the world. According to the recently released China Jewellery Industry Report, 2013-2016, last year jewellery sales in Chinese Mainland approximated $75.8 billion, which is equivalent to 41.2 % of the global consumption. In Mainland China, the gold jewelry consumption accounts for about 50% of the total jewellery consumption. In 2013, two
Gold Smuggling in India May Fall to 50 Tonnes
Mumbai: Going by the seizures of gold which has increased four times in 2013-14, intelligence agencies have estimated gold smuggled in the country around 50 tonnes in 2013-14 which is way lower from the estimated by the World Gold Council (WGC), reports The Business Standard. WGC had estimated nearly 200 tonnes of gold entered India unofficially. Trade circles have been
India May not fully Withdraw Gold Curbs
New Delhi: Despite a significant reduction in the current account deficit, curbs on gold imports are unlikely to be fully removed this Budget. Instead, the finance ministry may lower the import duty on the precious metal by two per cent, reports The Indian Express. “The current account deficit situation is still being closely monitored. The curb on gold imports was
Gujarat Govt. Assures Help for Diamond Bourse
Surat: As the prices of realty in Vesu and Dumas areas have skyrocketed following the announcement of proposed diamond bourse, diamantaires spearheading the movement for a world-class diamond bourse in the city have started lobbying with the state government for land, reports The Times of India. Members of Surat Diamond Bourse (SDB) committee, which includes chairman of leading diamond companies
