We Wish to Build Globally Relevant SKY Gold: Akash Talesara
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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
New Synthetic Diamond Venture to be Launched
Toronto: The former chief executive of the world’s third-largest diamond miner is launching a company making lab-grown diamonds, in the latest challenge to the mining industry from man-made stones. Patrick Evans, who left Canada’s Dominion Diamond in December, will pick a location in the US with access to cheap solar power to produce lab-grown diamonds targeting the bridal market. The
GJEPC to Issue Parichay Cards for Artisans
Kolkata: India’s Gem & Jewellery Export Promotion Council (GJEPC) has introduced Parichay Cards (Identity cards) for artisans in West Bengal which will be rolled out soon nationally. The GJEPC is holding advanced talks with the ministry of skill development and entrepreneurship (MoSDE) for national classification of gem & jewellery sector workers/ craftsmen under LMIS (Labour Management Information Systems). This segment-wise
PNG Jewellers Collaborated with Red FM
Pune: India’s Jewellery brand, PNG Jewellers collaborated with Red FM for a contest for its patrons in Pune. The contest was called ‘Asli Heera of My Life’ and the lucky winner won a grand prize of diamond necklace worth Rs. 1 lakh at the event held PNG Jewellers’ largest store in Hadapsar, Pune. The contest was split up in 4
CIBJO Approves Newest Blue Book
Milan: The Board of Directors of CIBJO, the World Jewellery Confederation, has approved the first edition of the Responsible Sourcing Book, which provides a framework and guidance for due diligence related to the responsible sourcing of gemstones and precious metals in the jewellery sector. It becomes the latest in CIBJO’s Blue Book series of definitive industry guides for standards and
GIA Considering Second India Lab
Mumbai: With its Mumbai grading lab taking more than four months to grade and return clients’ diamonds, the Gemological Institute of America may open a facility in the Indian manufacturing hub of Surat. A GIA release said it will “study the feasibility” of a second India lab, which would be the GIA’s 10th worldwide. It did not provide a possible
Platinum Strike Deal Edges Closer
Johannesburg: Labour negotiations at South Africa’s PGM mines are edging closer to a resolution as talks mediated by a ministerial task team continue. July platinum softened for a fifth session in a row on Wednesday to $1,433 an ounce and is down sharply from the $1,493 level less than two weeks ago over renewed hopes for an end to the
De Beers Signs $37M Deal for BT Networking
Gaborone: The De Beers Group selected BT for a range of IT and networking services with a six year contract and at a cost of $37 million. BT will orchestrate IT services across 70 De Beers locations, including exploration and mining sites, drawing on capabilities of the BT Connect portfolio that provides fiber optic, microwave and satellite linkages, as well
Chaim Zohar Awarded Life Membership of DDC
Johannesburg: Renowned diamond industry journalist Chaim Even-Zohar has been awarded an Honorary Life Membership of the Diamond Dealers Club of South Africa (DDC) for his lifetime dedication and contribution to the diamond industry. Ernie Blom, Chairman of the DDC and World Federation of Diamond Bourses President, presented Even-Zohar with the membership certificate. “We, as the Diamond Dealers Club of South
