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
Gem Diamonds Recovers 2 More Big Diamonds
London: Gem Diamonds has recovered two rough diamonds larger than 100 carats at its Letšeng project in Lesotho amid a shift to a more lucrative section of the mine, the company said Monday. The heavier of the two, at 151.52 carats, is a yellow, type I diamond. The other is a higher-quality, D-color, type IIa stone weighing 104.73 carats. While
Making Charges on Jewellery Reduced to 5%
New Delhi: To much relief in the gold jewellery and diamond processing industry, the goods and services tax (GST) Council slashed the applicable rate on making charges from the 18 per cent decided earlier to five per cent. While announcing the decision along with similar reduction on GST rate on various other products and services, Union Finance Minister Arun Jaitley
Mountain Province President Patrick Evans Resigns
Toronto: Mountain Province Diamonds Inc.’s President and Chief Executive Officer Patrick Evans is leaving the firm immediately but will continue as a director and will facilitate the transitional period for his successor. He is being replaced by David Whittle, currently the Lead Outside Director of the company, who has 25 years of senior executive experience in the mining industry. He
IIDGR Partners with Bridal Jewellery Retailer in Japan
Tokyo: The International Institute of Diamond Grading & Research (IIDGR), a De Beers Group company, has entered a partnership with one of Japan’s leading bridal jewellery retailers, I-PRIMO, to provide polished diamond grading reports. The reports will provide assurance to I-PRIMO customers that their diamonds meet the retailer’s strict quality standards, backed by more than 100 years of De Beers
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
