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
India’s Gold loan market: Is the Glitter Fading?
Mumbai: The organised gold loan market in India is expected to grow to over Rs 3 lakh crore by 2020 at a three-year Compound Annual Growth Rate (CAGR) of 13.7 per cent, British consulting multinational KPMG said on Tuesday, citing its report based on an industry survey. The report titled “India’s gold loan market: Is the glitter fading?” cites the
5th Edition of GJTCI Excellence Awards
Ahmedabad: With a view to encourage and boost the jewellery industry and people related to it, GJTCI organize GJTCI Excellence Awards to recognize and felicitate the uniqueness and unmatched craftsmanship of our Jewellery Industry. GJTCI has been an integral part of the Gem & Jewellery industry for almost one & half decade now, organizing multifarious activities for the growth of
Pakistan Gemstone Industry Struggles with Unrest
Karachi: For 400 years the craftsmen and traders of Peshawar’s jewellery bazaar have cut, polished, set and haggled over precious gems dug from the rugged mountains of northwest Pakistan. Pakistan’s gem and jewellery exports have boomed in recent years but Taliban violence, a crippling power crisis and outdated production methods are taking their toll in Peshawar, where traders say business
Zimbabwe Doubles Diamond Production in 2017
Harare: The government of Zimbabwe reports it has doubled its diamond production to 1.8 million carats in 2017, from 961,000 carats in 2016, the drop in production exacerbated by Zimbabwe’s merging of diamond mining companies previously operating in Chiadzwa diamond fields into the Zimbabwe Consolidated Diamond Company (ZCDC). The rise in diamond production is expected to translate into increased economic
ALROSA and DDC Sign MoU
Las Vegas: ALROSA and Diamond Dealers Club of New York signed a Memorandum of Understanding (MoU) aimed to develop the diamond industries of Russia and the USA.The document was signed at an official ceremony in Las Vegas on 30 May by Reuven Kaufman, President of the DDC, and Alexander Malinin, Director of “Brillianty ALROSA” (ALROSA’s cutting and polishing division). The
Surat to Set Diamond Bourse in 2 Lakh Sq. Yards
Surat: Surat, known as a hub for processing of rough diamond is readying itself to set up a world class diamond bourse having trading facilities which will integrate processing and house all those interested in diamond business at one place, reports The Times of India. The proposed bourse may be of the size of the one existing in Mumbai. Mumbai’s
EGL Uncovers 4 Synthetics in Parcel of 20 Stones
Ramat Gan: In an unusual case, EGL International in Israel said it has discovered four synthetic diamonds in a parcel of 20 stones submitted by a long-time client, reports idexonline.com. The lab-grown diamonds were uncovered in the first phase of testing using FTIR infrared spectroscopy, said EGL International Managing Partner and CEO, Guy D. Benhamou, who added that the diamonds
Bitcoin Growing in Adoption
New York: The cyber currency bitcoin is seeing increasing adoption, said a May 31 panel on “Bitcoin and the Jewelry Industry: What You Need to Know.” “In terms of the world’s economic system, bitcoin is doing small numbers,” said the panel’s moderator Verichannel CEO Jacques Voorhees, whose son works for a bitcoin company. “But the adoption rate is soaring.” Some
