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
AWDC to Organize First-Ever Hackathon
Antwerp: The Antwerp World Diamond Centre (AWDC) will organize the first-ever hackathon in the diamond industry on 4 – 6 May 2018 at Antwerp Expo, Jan Van Rijswijcklaan 191, 2000 Antwerp. A hackathon is an open-innovation weekend where like-minded people from different backgrounds come together to co-create solutions, this time for the diamond industry! AWDC has set up 3 challenges,
GIC Announces ‘Manthan’ Conclave on 5-6th April
Mumbai: The All India Gem & Jewellery Domestic Council (GJC), formerly known as All India Gems & Jewellery Trade Federation (GJF), announced Manthan Gems & Jewellery Conclave 2018 on April 5- 6 at Hotel Sahara Star, Mumbai. Leading and notable luminaries from various walks of life will share their views on varied topics like Leadership is about creating leaders, Creating
Élodie Daguzan Becomes Goodwill Ambassador for DDI
Ottawa: The Diamond Development Initiative (DDI) has appointed Ms. Élodie Daguzan as its first Goodwill Ambassador. Ms. Daguzan, who currently works as Head of Communication and Industry Relations for the diamantaire Rubel & Ménasché, brings with her 17 years of experience in the diamond and jewelry industry. Her particular fields of interest are pipeline integrity, sustainability, traceability, generic marketing, and
Eli Avidar to Leave IDE and Join Politics
Ramat Gan: Israel Diamond Exchange (IDE) CEO Eli Avidar has announced he will be stepping down from the position and intends to become a member of Israel’s parliament, the Knesset. Avidar, aged 53, who also served as the CEO of the Israel Diamond Institute, from which he recently resigned, told the IDE’s board of directors that he did not intend
Construction of India Jewellery Park, Mumbai Begins
Navi Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) yesterday marked a historic milestone in the development of India Jewellery Park Mumbai (IJPM) with the commencement of construction at Mahape, Navi Mumbai. The ceremony marks the transition of this long-cherished industry vision into the construction phase, bringing India’s ambition to establish a world-class, integrated jewellery manufacturing hub a significant
Qatar Diamond Exchange Broadens Asian Presence
Doha: The Qatar Diamond Exchange (QDE) has signed a Memorandum of Understanding (MoU) with the Diamond Federation of Hong Kong, China (DFHK), establishing a strategic partnership between the two organizations. The agreement was formalized in Hong Kong by Ghanim Al-Saadi, Director of the Qatar Diamond Exchange, and Lawrence Ma, President of DFHK. Founded in 2000, DFHK represents Hong Kong’s diamond
Diamonds for Development Fund Receives Initial Funding
Gaborone: The Government of the Republic of Botswana and De Beers Group yesterday announced that De Beers Group has transferred its initial contribution of BWP1 billion to the Diamond for Development Fund, marking a major milestone in the progress of the Fund and its mandate to support Botswana’s long-term economic diversification. The disbursement follows the establishment of the Fund’s governance
De Beers Reports Lower Q3 Output
London: De Beers reported an 11% year-on-year decrease in rough diamond production to 6.8-million carats for the quarter ended September 30, primarily driven by planned plant maintenance at Orapa, in Botswana, and a slowdown at Venetia, in South Africa, ahead of a planned two-year production pause. Operational Performance: De Beers notes that rough diamond production was 11% lower at 6.8
