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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Rajesh Exports Declares Q3 Results
(By Evaluate Research) Bangalore: Rajesh Exports reported results for the third quarter ended December 2018 which were slightly below our estimates. Revenue for the quarter came in at Rs.440.1 bn, increasing by 6.5% on a YoY basis. Similarly, EPS grew by 4.7% to Rs.10.70 in 3Q2019 from Rs.10.21 in the corresponding period last year. Gross profit margin for the period was 1.28%
India Launches Domestic Council G&J Sector
Mumbai: It’s a historic day for India’s gems & jewellery sector! Shri Suresh Prabhu, Hon. Union Minister for Commerce & Industry and Civil Aviation, launched the Domestic Council for Gems & Jewellery sector, at a glittering function in the presence of Smt. Rupa Dutta, Economic Adviser, Ministry of Commerce & Industry, Shri Pramod Kumar Agrawal (Convener, National Ad-Hoc Committee, Domestic Council for
GJEPC Launches Identity Cards for Artisans
Mumbai: Hon. Union Minister for Commerce & Industry and Aviation Shri Suresh Prabhu launched Parichay Card (ldentity) for gem & jewellery sector workers, artisans and craftsmen in India – an initiative by The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of the gems & jewellery industry. Shri Suresh Prabhu, Hon. Union Minister for Commerce & Industry and Civil Aviation,
Zimbabwe Selects Alrosa, Anjin for Mining
Harare: Russia’s Alrosa and Chinese partly owned Anjin have been selected by the Zimbabwe government as the two foreign companies to partner the state-diamond firm in exploring and mining diamonds, according to a report published in local newspaper. “The President has put the Zimbabwean interest at the heart of exploitation of those diamonds only accepting foreign participation by way of
Kiran Gems Gives First Melee Screening Machine
Mumbai: Kiran Gems, the world’s largest manufacturer of diamonds, had the first [De Beers] International Institute of Diamond Grading and Research’s (IIDGR) diamond Automated Melee Screening (AMS) machine commissioned at its headquarters in the Bharat Diamond Bourse (BDB), Mumbai. AMS is currently the most advanced machine with the latest technology in CVD screening. Dinesh Lakhani, director of global sales said:
Forevermark Eyeing 30% Revenue from India
Jaipur: Forevermark, the premium diamond brand from the world’s largest diamond company, De Beers Group, expects India to contribute about 30 per cent to the brand’s global sales in three-four years from about 15 per cent now. Forevermark, which entered the Indian market in 2011, retails through over 150 retailers and wholesalers across the country. The company doesn’t intend to
World’s Largest Faceted Sapphire Up For Sale
Atlanta: Ophir Collection, LLC has announced that the Ophir Collection of rare gemstones is available for sale. The collection has been awarded nine GUINNESS WORLD RECORDS titles. Included within the collection is the world’s largest faceted Sapphire, the Ophir Sapphire. Weighing 31,308 carats, roughly the size of a dinner plate, the extraordinary blue gemstone is recognized by Guinness World Records
Two Miners Leave World Gold Council
London: Two longtime members of the World Gold Council have resigned from the organization, reportedly for financial reasons. The decisions of AngloGold Ashanti and Gold Fields to leave were cost based, according to a report in Bloomberg. In a statement, the organization said it “regrets the departures.” “As long-standing members, AngloGold Ashanti and Gold Fields have played a leading role
