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
BrilliAnt diamond Show is Delayed
Antwerp: The BrilliAnt diamond show, formerly known as the Antwerp Diamond Trade Fair, is being delayed to a later date, the organizers said. The ninth edition of the show was due to be held from January 28 to 30. The show’s website said that the new dates will be revealed soon. The show is held in three of Antwerp’s four
India’s G&J Exports Down 4.8% During April-Nov
Mumbai: Gems and jewellery exports saw a 4.8 per cent dip at USD 22.43 billion during April- November this year owing to demand slowdown in major markets, including the US. According to the Gem and Jewellery Export Promotion Council (GJEPC) data, exports stood at USD 23.56 billion in the same period last year. The labour-intensive sector contributes about 14 per
First Certified Blockchain-Based Diamond Exchange
New York: The diamond market has an estimated turnover of $80 billion per year, yet investor demand accounts for only 5% of that – the rest is consumer demand from the jewellery industry. Historically, diamonds have been a consistent store of value, just like gold and other precious metals, so why aren’t more investors looking at diamonds as an investment
Industry Not Yet Prepared for Hallmarking
Mumbai: A meeting of all stakeholders was held yesterday. Members of industry bodies from All India Gems & Jewellery Trade Federation (GJF), IBJA, SSBC, Coimbatore Jewellery Manufacturer Association, Mr Rajesh Khosla (MMTC PAMP), Mr C R Narsimhan from Tanishq along with members of Indian Association of Hallmarking (IAHC) Centre participated. In a joint press statement, Mr. Nitin Khandelwal, Chairman of
GIA Considering Second India Lab
Mumbai: With its Mumbai grading lab taking more than four months to grade and return clients’ diamonds, the Gemological Institute of America may open a facility in the Indian manufacturing hub of Surat. A GIA release said it will “study the feasibility” of a second India lab, which would be the GIA’s 10th worldwide. It did not provide a possible
Platinum Strike Deal Edges Closer
Johannesburg: Labour negotiations at South Africa’s PGM mines are edging closer to a resolution as talks mediated by a ministerial task team continue. July platinum softened for a fifth session in a row on Wednesday to $1,433 an ounce and is down sharply from the $1,493 level less than two weeks ago over renewed hopes for an end to the
De Beers Signs $37M Deal for BT Networking
Gaborone: The De Beers Group selected BT for a range of IT and networking services with a six year contract and at a cost of $37 million. BT will orchestrate IT services across 70 De Beers locations, including exploration and mining sites, drawing on capabilities of the BT Connect portfolio that provides fiber optic, microwave and satellite linkages, as well
Chaim Zohar Awarded Life Membership of DDC
Johannesburg: Renowned diamond industry journalist Chaim Even-Zohar has been awarded an Honorary Life Membership of the Diamond Dealers Club of South Africa (DDC) for his lifetime dedication and contribution to the diamond industry. Ernie Blom, Chairman of the DDC and World Federation of Diamond Bourses President, presented Even-Zohar with the membership certificate. “We, as the Diamond Dealers Club of South
