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
AWDC Denounces Accusations
Antwerp: The Antwerp World Diamond Centre (AWDC) denounces accusations made by Global Witness earlier yesterday regarding three shipments of diamonds from Zimbabwe which were traded in Antwerp between December 2013 and September 2014. According to Global Witness, European sanctions that are enforced against Zimbabwe may have been violated, because of the sale of three shipments of Zimbabwean diamonds in Antwerp,
G&J Museum in Jaipur to be Opened Soon
Jaipur: The Rajasthan Chamber of Commerce and Industry (RCCI) is set to unveil a museum that will please jewellery admirers to no end, reports The PinkCity Post. The gems and jewellery museum located inside the Chamber Bhawan, which is yet to be opened to the public, is a rare museum showcasing more than 400 varieties of natural stones and signature
Özlem Tuna Wins Gem Empathy Award
London: Turkish jewellery designer and International Jewellery London (IJL) Design Gallery exhibitor, Özlem Tuna, has won the 2017 Gem Empathy Award with her ‘Dance of Branches’ ring, announced Gem-A. This year, IJL exhibitors from across the globe were tasked with creating a hand-drawn or CAD rendered design based around a beautiful, fancy-cut gemstone sourced from award-winning gem-cutter, John Dyer. The
IDE Backs Diamond-Based Digital Currency
Ramat Gan: The Israel Diamond Exchange (IDE) has signed an agreement with start-up CARATS.IO to launch a digital currency backed by diamonds named CDC – CARATS.IO Diamond Currency. The start-up specializes in Big Data solutions for the precious gems and diamond industries. The new digital currency will be based solely on investments in diamonds purchased at the Israel Diamond Exchange.
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,
