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
GST Raids on Diamond Couriers in India
Mumbai: Transportation of rough and polished diamonds between Mumbai and Surat have come to a halt after the Goods and Services Tax department (GST) raided several angadias, or traditional couriers who ferry the goods between the two cities, according to a report published in The Tribune. According to traders here, officials from the GST and Central Excise department raided more
Gemfields-FABERGÉ Unveil Laser-Inscribed Emerald
London: Gemfields and Fabergé have unveiled what is believed to be the world’s first emerald, laser-inscribed with traceability information and a personalised message. The 4.11 carat, lively green emerald-cut gemstone was mined at Gemfields’ Kagem emerald mine in Zambia. The gem was then acquired and mounted by Fabergé as a custom-crafted item for the successful winner of a charity auction
PNG Jewellers Arranges Meet & Greet With Salman
Mumbai: Recognized by its originality and their customer centric services across the globe, P.N. Gadgil Jewellers orchestrates a ‘Meet-and-greet with Bollywood Superstar Salman Khan’ on 12th January, 2018 during the launch of its 27th store at Pimpri, Pune. As a part of the Diwali’17 campaign offered by P.N. Gadgil Jewellers from 21st September, 2017 till 31st, October 2017 on making
1st India Rough Gemstones Show in Jaipur from 8 Jan
Mumbai: Miners and traders in rough gemstones from Afghanistan, Canada, Ethiopia, Hong Kong, Madagascar, Tanzania, Thailand and Zambia are among the 25 international companies part in the first-ever B2B trade show exclusively for Rough Gemstones being organized by The Gem & Jewellery Export Promotion Council (GJEPC) at Hotel Marriott in Jaipur from January 8-10, 2018. With a number of suppliers
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
