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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Kimberley Process Must Ban All Blood Diamonds
Brisbane: The Australian Friends of Palestine Association (AFOPA), an organisation working for a just peace in Palestine and Israel, called on delegates to the Kimberley Process Certification Scheme (KPCS) currently meeting in plenary in Brisbane, 9-14 December 2017, to: Seal the gaping hole in the KPCS regulations, which facilitates the trade in blood diamonds that fund rogue regimes guilty of
IIGJ to Get Mumbai Uni. Recognition Soon
Mumbai: The Indian Institute of Gems and Jewellery (IIGJ), an educational project of the Gem and Jewellery Export Promotion Council (GJEPC) celebrated its 11th Convocation Ceremony in the presence of Mr. Vinod Tawde (Minister for Higher & Technical Education, Government of Maharashtra), GJEPC Chairman Mr. Praveenshankar Pandya and Ms Vaishali Banerjee (MD India, Platinum Guild of India) amongst others. IIGJ
India Gold & Jewellery Summit ends With Success
New Delhi: The first-ever two-day national summit (India Gold & Jewellery Summit) organized by the Gem & Jewellery Export Promotion Council (GJEPC) with Lead Partner World Gold Council (WGC) over the weekend concluded on a positive note as the Hon’ble Union Minister of Commerce & Industry Shri Suresh Prabhu and Commerce Secretary Ms. Rita Teaotia underlined the need of a
GJF President Expresses Concern
Mumbai: Mr. Nitin Khandelwal, Chairman, All India Gems and Jewellery Trade Federation (GJF) has expressed concern over unconfirmed reports that the Union Finance Ministry is being urged to work on a package to reduce the import duty of gold while increasing the GST (Goods and Services Tax) rates for the Gems & Jewellery sector. “Based on Revenue Equivalent Principle, we
Belgian Politician Warns Against Diamond Sanctions
Antwerp: The 36th World Diamond Congress (WDC) has opened in Antwerp, with Minister-President of Flanders, Kris Peeters, warning of the “catastrophic” impact that sanctions relating to the diamond industry could have. The Congress is the bi-annual meeting of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA). Talking of the huge role of the diamond
WFDB Accepts Canada and S. Korea as New Members
Antwerp: The World Federation of Diamond Bourses (WFDB) has accepted the applications for membership of two bourses – the Canada Diamond Bourse and the South Korean diamond exchange. WFDB members approved the applications at the 36th World Diamond Congress in Antwerp which opened yesterday. The Congress is the bi-annual meeting of WFDB and the International Diamond Manufacturers Association (IDMA). The
Diamond Mfrg. Industry Fighting for Survival: IDMA
Antwerp: “Diamond manufacturers worldwide are fighting for their survival. They are caught between – and battered by – the proverbial hammer, a rough diamond supply system that is foul and faulty – and the anvil, a vertically integrated financial structure that basically continues to bleed them,” Maxim Shkadov, president of the International Diamond Manufacturers Association (IDMA), the representative body of
Gold Prices Unlikely to Settle due to Iraq Tensions
Mumbai: With the turmoil in Ukraine almost gone from the headlines, gold’s status as a hard asset and storer of wealth in times of trouble lost some of its shine. But as Iraq spirals into all-out war and the US looks in danger of being pulled back into a conflict it has spent the last six years extricating itself from,
