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
Nancy Liu Promoted as CEO of Forevermark
London: De Beers Group has announced through an official press release that Ms. Nancy Liu would become the new Forevermark CEO, stepping up from her current role as COO and taking over the day to day responsibility for the leading diamond brand. Stephen Lussier, Executive Vice-President of Consumer & Brands for De Beers Group, will continue to oversee the strategic
PNG Jewellers Opens Franchise Store in Dombivli
Mumbai: PNG Jewellers has launched its next franchise store in Dombivli. Inauguration of the store was done by the rising Bollywood star and one of the crowned jewels of the Marathi film industry Amruta Khanvilkar. The new store will offer a wide range of PNG’s signature gold, silver and diamond jewellery. Spread across 2500 sq.ft, this spacious store offers advanced
CIBJO to Unveil Responsible Sourcing Blue Book
Milan: CIBJO President Gaetano Cavalieri will present the World Jewellery Confederations’ recently approved Responsible Sourcing Blue Book next Tuesday, April 23, 2019, to the full plenary of the 2019 Forum on Responsible Mineral Supply Chains, organised by the Organisation for Economic Cooperation and Development (OECD) at its headquarters in Paris. The OECD forum, which this year will welcome about 1,200 delegates, will
Russia to Sell LGD Jewellery in Separate Windows
Moscow: The Finance Ministry of Russian Federation has prepared a draft under which jewellery featuring artificial materials having the characteristics of natural stones should be displayed in separate windows, according to Interfax. The decree states that the windows with such jewellery should be marked with a note saying “Jewelry and other articles featuring materials of artificial origin”. Lab-grown diamonds have
More Indian Women are Choosing Natural Diamonds
Mumbai: The domestic natural diamond jewellery market continues to witness strong growth momentum, with the country emerging as the world’s second-largest diamond jewellery market. India contributes 12% of global diamond jewellery demand, up from 10% in 2019, surpassing both China and Japan. According to a recent study, ownership of natural diamond jewellery among Indian women has increased from 11% in
GIA Acquires 30% Shareholding in TRACR
New York: De Beers Group and GIA (Gemological Institute of America) yesterday announced the signing of a definitive agreement for GIA to acquire a 30 per cent shareholding in Tracr, the De Beers Group-backed company behind the development of the pioneering diamond provenance blockchain-driven platform. The agreement marks a significant milestone in Tracr’s evolution towards independence and reflects GIA’s confidence
De Beers Introduces Desert Diamonds Icons
Las Vegas: At the annual JCK Las Vegas Show – the largest jewellery event in the global calendar – De Beers Group yesterday set out its view on the way forward for the natural diamond sector, calling on the trade to work together to capitalize on the early success of the Desert diamonds ‘beacon’ campaign with the introduction of Desert diamonds Icons. The Desert
Dr. Akinwumi Adesina is Chairperson of Diamonds for Development Fund
Gaborone: The Government of the Republic of Botswana and De Beers Group are delighted to confirm that Dr. Akinwumi Adesina has been appointed as the Diamonds for Development Fund’s Chairperson. Dr. Adesina is a widely respected global leader and renowned development economist with close to 40 years of experience in global and African development issues. He was the 8th elected President
