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
CIBJO Certified as Carbon Neutral for 5th Year
Milan: CIBJO, the World Jewellery Confederation, has been certified as being carbon neutral in 2017, which is the fifth straight year that offset its greenhouse gas emissions through the purchase of carbon credits. It did so as part of the CIBJO Greenhouse Gas Measurement Initiative that was launched several years ago to promote environmental consciousness and responsibility in the jewellery
GJC Condemns Harassment of Jewellers by Officials
Mumbai: The All India Gem and Jewellery Domestic Council (GJC) has condemned harassment of jewellers by Government officials in the pre-festival period. Several incidents across States have come to light wherein the police (including RPF), Income Tax officials and GST officials have conducted illegal raids on jewellers, especially the small and medium sized players, and caused mental torture and harassment
IDMA Concludes World Diamond Congress in Mumbai
Mumbai: IDMA and its sister organization the World Federation of Diamond Bourses (WFDB) concluded the 38th World Diamond Congress that was held in Mumbai, India, from October 23 to 25. The Congress is the biennial gathering of the WFDB and IDMA. IDMA President Ronnie VanderLinden said that during the two days of intensive deliberations the changing landscape of diamond manufacturing
This Diwali Start a New Ritual with Rare Platinum
Mumbai: When traditions demand buying a precious metal, shouldn’t it be the rarest? Mark a new beginning this Diwali with rare and precious platinum. Being rarer than gold and 95% pure, the naturally occurring luminescent white metal symbolizes purity, wealth, power and strength making it an ideal choice for an auspicious start. It also makes for the choicest of gifts
De Beers Probe into Data Leak is Nearing End
Gaborone: DE BEERS Consolidated Mines (DBCM) is close to completing a probe into the leak of sensitive data about its pricing of rough diamonds and details of sales to South African clients, company CEO Philip Barton has said. There was a leak of the De Beers price book, which contains diamond valuation data and customer details and invoices in South
Israeli Firms Offered Aid to Open Up in India
Tel Aviv: If you are an Israeli diamond company that has been considering opening up branches in one of both of the two most populous countries in the world, the conditions for you doing so have just ripened, according to the Israel Diamond Exchange (IDE). The Israel-Asia Chamber of Commerce announced that Israel’s Economy Ministry is willing to partially fund
Rio Tinto’s Skill Development Plan at Bunder
Bhopal: Rio Tinto’s Bunder project has announced a unique driver training programme as part of a skills development plan for its diamond project in Madhya Pradesh. A special driver training program focusing on light vehicles has commenced with more than half the existing Bunder workforce eligible to apply. The programme, comprising theory and practical training, is being undertaken in partnership
Japan’s First Lady Visits Rio Tinto’s Pink Diamonds
Perth: Rio Tinto’s iconic Argyle pink diamonds were part of the inaugural visit to Western Australia by Japan’s First Lady Mrs. Akie Abe at the invitation of the Western Australian Government. The 2014 Argyle Pink Diamonds Tender collection, comprising around 50 of the rarest and most valuable pink diamonds in the world, were showcased in an exclusive preview for Mrs.
