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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Feriel Zerouki Forced Diamond ind. to Face Itself
Antwerp: Feriel Zerouki forced the diamond industry to confront the questions it had long avoided during her presidency of the World Diamond Council (WDC), a tenure defined by service to those most exposed at the front line of the trade. Taking office at a time of rising scrutiny, tightening regulation and changing consumer expectations, Zerouki placed reform of the Kimberley
Anoop Mehta Elected as Vice President of WDC
Antwerp: Mr. Ronnie Vanderlinden was elected as the president of World Diamond Council (WDC) and Mr. Anoop Mehta was elected as Vice President of the WDC un-opposed. During the recently held AGM of WDC in Antwerp, Mr. Ronnie Vanderlinden was appointed President of WDC and Mr. Anoop Mehta who is currently serving as the President of Bharat Diamond Bourse (BDB),
IAGES Grows to 550+ Accredited Partner Outlets
Mumbai: The Indian Association for Gold Excellence and Standards (IAGES), a self-regulatory body has crossed the 100+ accredited partner landmark, establish a strong presence with 550+ partner outlets. With its footprint spanning 240+ cities pan India, IAGES consolidates its position as the facilitator of trust, transparency, and standardization in the gold sector. The IAGES accreditation network today spans the entire
Kama Jewelry Turns 30
Mumbai: Mumbai-based Kama Jewelry has marked three decades of fine jewelry manufacturing, Rs.982 Crore in revenue, 1,200 craftspeople, 260+ clients across four continents, and a 27% CAGR that rivals the best long-term compounders in Indian business. • Rs.982 Cr — FY2025-26 Revenue | +22% YoY growth• 27.1% — 30-Year CAGR | No outside capital raised• 1,200+ — Master craftspeople, all
Russian Manufacturers Request State Support
Moscow: On the eve of the abolition of the 6.5% export duty on diamonds coming on September 1, 2016, Russian diamond cutters said they would need large-scale state support. As the Kommersant Daily came to know, the largest local diamond industry enterprise, which is Smolensk-based Kristall, proposed to introduce new protective market mechanisms, stating that without them, Russian diamond manufacturers
ALROSA Started to Sell 10.9%
Moscow: On Wednesday, Sberbank CIB and VTB Capital (coordinators of the transaction to float the diamond miner’s state-owned shares) opened an order book for purchasing 802,780,000 shares in ALROSA (10.9% of the state-held stock) after yesterday’s trading on the Moscow Stock Exchange closed, according to the company’s report released on the Exchange. Thus, ALROSA became the first company with state
Chow Tai Fook Among Top 10 Luxury Goods Cos.
Hong Kong: Hong Kong-based Chow Tai Fook Jewellery Group Ltd is still among the world’s top 10 luxury goods companies, earning US$8.29 billion in revenues in financial year 2014, data from the 2016 Global Powers of Luxury Goods report showed. The report, released by global business consultancy firm Deloitte, examined the 100 largest luxury goods companies globally based on the
Russia Overtakes Botswana as Rough Producer
Moscow: Russia extended its lead over Botswana as the world’s largest rough diamond producer, according to data released by the Kimberley Process (KP). Russia’s output leaped 9.4 percent to 41.9 million carats worth $4.24 billion last year while that of Botswana eased 16 percent to 20.8 million carats valued at to $2.99 billion. Diamonds from the southern African nation recorded
