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
Naga Chaitanya Chooses Platinum for Distinctive Style
Hyderabad: Amidst much fanfare, South India’s favourite actor, Naga Chaitanya unveiled an unique range of Platinum Men’s jewellery inspired by the international trend of “Bold Minimalism” at the Joyalukkas store in Hyderabad recently. Naga Chaitanya, looking suave wearing a Platinum bracelet and chain, his two favourite pieces from the new collection was joined by Mr. Rajesh Krishnan (Manager- Retail, Joyalukkas-Indian
‘Impact’ Leaves Kimberley Process
Brisbane: Impact, a founding member has withdrawn from the Kimberley Process (KP), claiming that the conflict diamond certification scheme has lost its legitimacy. Impact says the internal controls used by governments do not provide the evidence of traceability and due diligence needed to ensure a clean, conflict-free, and legal diamond supply chain. “Consumers have been given a false confidence about
GJEPC & DMCC Working out Cooperation
Singapore: India’s Gem and Jewellery Export Promotion Council (GJEPC) is working with the Dubai Multi Commodities Centre (DMCC) to set up goods delivery standards for gold and diamond trade, a senior industry official said here. According to a report published in businessworld.in, gold and diamond form a major part of the multi-faceted trade and commerce relationship between India and the
ALROSA Recovers 98.63-Carat Large Diamond
Moscow: ALROSA has recovered a large gem-quality diamond of 98.63 carats from Jubilee (Yubileynaya) pipe. The company’s business unit Aikhal Mining and Processing Division (MPD) extracted this diamond at the processing plant No.14. A transparent yellow-tinted octahedron crystal with inclusions of olivine, graphite and sulphide measures 28.96 х 28.03 х 27.30 mm. Director of the United Selling Organization (USO) ALROSA
122.52 Carat Blue Diamond Found at Cullinan
Johannesburg: In what is shaping up to be one of most the amazing diamond finds in recent times, a 122.52 ct. blue diamond—the size of a walnut—has been discovered at the Cullinan mine in South Africa, said mine owner Petra Diamonds. Blue diamonds are ultrarare, as are stones weighing more than 100 cts.—making this, as Petra puts it, a “truly
KP Should Focus on Conflict-Torn Regions only
Shanghai: The newly elected president of the World Diamond Council (WDC) Edward Asscher, put a chill Tuesday on the movement to expand the scope of the Kimberley Process and so cover general human rights abuses, stating the trade body should focus exclusively on diamonds proceeding from conflict zones. Speaking at the Intercessional Meeting of the Kimberley Process in Shanghai, Asscher
DDE’s Peter Meeus Hits Back at PAC Claims
Dubai: Dubai Diamond Exchange Chairman Peter Meeus replied to what he called “serious allegations” made by Partnership Africa Canada about Dubai at the Kimberley Process (KP) Intersessional meeting taking place in Shanghai. “First of all we were surprised to see that Mr. Martin quoted an FAFT (Financial Action Task Force) report on ML/TF (Money Laundering/Terrorism Financing) of 150 pages in
Israel Exchange to Create Code of Ethics
Ramat Gan: In what appears to be a ground-breaking move for a diamond bourse, the Israel Diamond Exchange (IDE) has begun moves to create a code of ethics by which its members would be expected to operate. At a meeting at the bourse, IDE President Shmuel Schnitzer and management members discussed the creation of such a code with Israeli experts
