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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West Bengal Govt. Lures Mumbai’s G&J Sector
Kolkata: The Mamata Banerjee government will start hunting for business in Mumbai on Tuesday in the run-up to the fourth Bengal Global Business Summit (BGBS), to be held in Kolkata on January 17-18 next year, reports The Times of India. The roadshow for Bengal’s flagship business summit at India’s business capital will be led by Bengal finance minister Amit Mitra,
De Beers Calls for Research Submissions
Gaborone: De Beers Group has issued a call for the submission of research papers to be presented at the 8th Annual Oppenheimer De Beers Group Research Conference in Johannesburg, South Africa, in October. Academics, students, researchers, site managers and environmental managers that have carried out research on any E Oppenheimer & Son or De Beers Group sites are encouraged to
Angola Has Billion Carats Diamond Reserves
Moscow: Alrosa said a geological research carried out by Angolan and Russian geologists in Angola over the last five years has shown that the country’s diamond reserves are estimated at 1 billion carats. Company deputy director of the geological prospecting unit Victor Ustinov was quoted by Macauhub as saying that more than 950 million carats of the diamond reserves were
Global Diamond Production Down in 2016
Johannesburg: Global rough-diamond production fell by value for the second consecutive year as output declined in the two largest producer countries, according to data the Kimberley Process (KP) released Tuesday. The total value of rough diamonds extracted in 2016 dropped 11% to $12.4 billion from $13.88 billion the previous year, the figures showed. And while production volume grew 5% to
A Golden Milestone in India–Oman Trade Relations
Kolkata: Marking a significant step in strengthening bilateral trade ties, the first gold jewellery export shipment from Kolkata to Oman was successfully dispatched under the India–Oman CEPA framework. India’s gems & jewellery exports to Oman currently stand at -USD 35 million, including ~USD 10 million in gold jewellery. Exports could reach nearly USD 150 million over the next three years.
De Beers Shares Latest Research on US Consumer Trends
London: Natural diamonds are the most desired luxury jewellery product, average purchase prices have increased 25%, Gen Z is now the second largest generation buying diamonds, and non-bridal occasions account for three-quarters of overall US demand. These are some of the key findings of De Beers Group’s latest US Diamond Acquisition Study, featuring responses from 18,500 women aged 18 –
FTAs Offer Immense Export Opportunity for Indian Jewellery
Jaipur: The Department of Commerce, Ministry of Commerce & Industry, Government of India recently organized a focused outreach programme on “Leveraging FTAs for the Gems & Jewellery (G&J) Sector” in Jaipur, in partnership with the Gems & Jewellery Export Promotion Council (GJEPC). Exporters, manufacturers, MSMEs and other industry stakeholders participated in the programme. The workshop is part of the Government’s
Golconda & Ancient Diamonds: A Historical Perspective
Singapore: On the third day of 41st World Diamond Congress, on July 15, distinguished jewellery historian and author, Dr. Usha Balakrishnan, of Mumbai, India, will be presenting a lecture entitled “Golconda and Ancient Diamonds – A Historical Perspective. ” “For nearly 2,000 years, every diamond the world had ever seen came from a mystical land, now known as India. These
