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
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Advertisements for LGDs must be Crystal Clear: FTC
Mumbai: The U.S. Federal Trade Commission (FTC) which investigates allegations of misleading advertises made it clear on April 2, that it has sent warning letters to eight companies, including Diamond Foundry, insisting that they distinguish in advertisements between diamonds that come from mines and those made in laboratories, reports Reuters. According to the report, The Diamond Producers Association (DPA),
DPA Launches ASSURE Programme
New York: The joint venture by the Diamond Producers Association (DPA) and Signet Jewelers – the ASSURE Program – has published the results from the independent performance tests of Diamond Verification Instruments in the ASSURE Directory on diamondproducers.com/ASSURE Through the ASSURE Directory trade participants can access objective and third party verified information on the relative performance of Diamond Verification Instruments
CIBJO Insists on Uniform Gemmological Principles
Copenhagen: Transparency in business is enabled when all terminology and metrics are accepted and understood by all participants, CIBJO President Gaetano Cavalieri has told a gemmological conference in Copenhagen, Denmark. When a common business language is in place, and its rules and terms are publicly available, then the necessary elements exist for members of the business community to work together,
TBZ-The Original Launches Store in Lucknow
Mumbai: TBZ- The Original, India’s most iconic jewellery brand with a rich legacy of more than 150 years opens its 1st store in Lucknow on M.G. Road, Hazratganj. In the endeavor of making beautiful jewellery accessible, TBZ – The Original is rapidly expanding its retail footprint across the country. With the overwhelming response from its North India store in Noida, TBZ-The Original is now strengthening its
RBI to Swap Gold to Improve Reserves Quality
Mumbai: The Reserve Bank of India (RBI) said yesterday that it had sought quotes from banks to swap gold in its own vaults for international-standard gold, aiming to improve the management of its reserves. The RBI sources said that the measure would “standardize the gold available with RBI in India with respect to international standards” and the gold acquired would
6,000-Gram Gold “Devil’s Ear” Unearthed in Russia
Moscow: Russian miners have unearthed a scary-looking 6,664-gram piece of gold they labeled the “Devil’s Ear” on Friday the 13th. According to the official publication of the local government, workers at the Ukhagan mine in the Bodaybinsky district of Siberia found the piece, the largest nugget ever found in the area, on June 13, the eve of the full moon.
India May Increase Duty on Synthetics to 10%
New Delhi: The government may increase the import duty on man-made diamonds to 10 per cent in order to remove the price differential with natural diamonds which encourages some jewellers to “cheat the customers”, reports The Indian Express. Simultaneously, it could abolish the customs duty on cut and polished gem stones as these can be re-exported at higher value. The
Pre-Budget Recommendations by GJF
Mumbai: The All India Gems and Jewellery Trade Federation (GJF), the national trade federation for the promotion and growth of trade in Gems and Jewellery (G&J) sector across India, has urged Union Finance Minister Shri Arun Jaitley to abolish 80:20 rule for gold import, which allows only the nominated agencies to import gold on the condition that 20 per cent
