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
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EU Takes over Chairmanship of Kimberley Process
The European Union (EU) has taken over as chair of the Kimberley Process (KP) as of today under the leadership of High Representative Vice President Federica Mogherini. The EU was vice-chair last year when Australia headed the body. India is the vice-chair this year and will chair the organization in 2019. Mogherini said, “For the European Union, the Kimberley Process
Preferred Mfr of India Meet in Pune from 8th Jan
Pune: In the New Year, the All India Gems & Jewellery Trade Federation (GJF) presents the bigger and better avatar of its eagerly awaited business networking event – The Preferred Manufacturer of India (PMI) in Pune from 8th to 10th January 2018 at the J W Marriott Hotel. GJF’s popular B2B marketing platform is one of the most exclusive jewellery
ALROSA Has Formed List of Long-Term Clients
Moscow: ALROSA has formed a long-term client list for the new contract period of 2018-2020. The company’s long-term clients will take part in the first trading session on January 15 to 19 in the coming year. The complete list of clients will be published on ALROSA’s trading website. Long-term contracts are the mainstay of the marketing policy pursued by ALROSA,
WGC Forecast for Gold Performance in 2018
London: In a recent piece titled ‘What to Expect for Gold in 2018’, John Reade, Chief Market Strategist for the World Gold Council (WGC), analyses market drivers for gold in the coming year. Financial Market Drivers in 2018: According to Reade, “monetary policy – and policymakers – will continue to be significant drivers of gold demand”. He explains that the
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
