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
Royal Couple Chooses Platinum Jewellery on its Wedding
Mumbai: Congratulations to the Duke and Duchess of Sussex! According to the official web site of the British Royal Family, both Prince Harry’s wedding band and Meghan Markle’s tiara were set in platinum. Prince Harry said “I Do” with a platinum wedding band featuring a textured finish, from the Cleave workshop. Meghan’s veil was held in place by
Young Consumers & ‘Bridal’ to Drive Platinum Demand
Platinum Guild International (PGI) yesterday published the findings of its 2017 Platinum Jewellery Business Review revealing that two key trends – young consumers, and bridal– are emerging to contribute to platinum demand growth in 2018. Compiled by independent platinum market experts and industry analysts, the survey reports strong consumer retail sales growth in the India, U.S. and Japan for 2017,
Global Demand for Diamond Jewellery Hits New High
Gaborone: Global consumer demand for diamond jewellery hit a new all-time high in 2017, climbing to US$82 billion, a two per cent increase on the previous year, according to industry insight data published yesterday by De Beers Group. The US was the main driver of growth for the fourth consecutive year, where positive macroeconomics and strong consumer confidence saw demand
Gemewizard to talk about Big Data Analysis at MGJC
Ramat Gan: Next week, at the Mediterranean Gemmology and Jewellery Conference (MGJC) in Budva, Montenegro, Menahem Sevdermish and Guy Borenstein of Gemewizard will be presenting an exciting lecture about “Big Data Analysis and Insights in the Online Gem and Jewelry Trade,” demonstrating how Gemewizard helps large, online trading platforms remove the ‘bad apples’ from their participating vendor lists and thus
Barclays Fined $44 Million over Gold Fix
London: British authorities have fined Barclays, one of five banks that sets the price of gold each day in the London fix, nearly $44 million after a former trader improperly influenced the price-setting mechanism, reports jckonline.com. The British Financial Conduct Authority said that, in 2012, Daniel James Plunkett, a director on the bank’s precious metals desk, placed certain orders meant
GJF Announces Day-Long Interactive Workshop ‘Labham’
Mumbai: The All India Gems and Jewellery Trade Federation (GJF) and all major G&J Trade Associations, has announced the first-ever educational ‘Labham’ programme on 1st June 2014 in Rajkot onwards for all jewellers, manufacturers, traders and other constituents of the G&J businesses in and around Rajkot. It will be held in Chennai on 10th June and in New Delhi on
Gold Prices May Decline to Rs 24,000 by Diwali
Mumbai: Following the Reserve Bank easing the 20:80 gold import norms, India Bullion & Jewellers Association (IBJA) said gold prices are likely to fall to Rs 23,000-24,000 per 10 grams by Diwali as it also expects the Customs duty reduction in the forthcoming Budget, reports The Freepress Journal. “RBI’s easing of 20:80 gold import norms is positive for the gems
CIBJO and Fairtrade International Sign MOU
Moscow, 23rd May: CIBJO and Fairtrade International have signed a Memorandum of Understanding according to which Fairtrade commits to working with CIBJO and its member organizations to improving certified Fairtrade gold supplies to the jewellery markets and members of CIBJO-associated organisations, and CIBJO commits to facilitating and encouraging its members to adopt and integrate fairtrade gold and metals into their
