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
IIDGR Unveils SYNTHdetect Device at JCK Show
Las Vegas: The International Institute of Diamond Grading & Research (IIDGR), a De Beers Group company, yesterday unveiled SYNTHdetect – the first synthetic screening device in the industry to test multiple stones in set jewellery at once without the need for a probe. It also has the industry’s lowest referral rate at around 0.05 per cent. The device, unveiled at
Dominion Consolidates Ownership in Ekati Mine
Toronto: Dominion Diamond Corporation has signed an agreement with Archon Minerals Limited to convert Archon’s joint venture interest in the Buffer Zone Joint Venture at the Ekati diamond mine in Canada’s Northwest Territories to a royalty equal to 2.3 percent of all future gross revenue from diamonds produced from the Buffer Zone. As a result of this transaction, the company’s
DPA Announces 2017 Marketing Budget of $57M
Las Vegas: The Diamond Producers Association (DPA) announced at the JCK show in Las Vegas that its 2017 full-year marketing investment of $57 million has been approved by its board of directors. The figure more than quadruples last year’s budget. DPA Chairman Stephen Lussier said, “The Board’s decision is a major turning point for the Diamond Producers Association and the
WFDB Congratulates DPA on Boosting Budget
Antwerp: The World Federation of Diamond Bourses (WFDB) has hailed the decision of the Diamond Producers Association to significantly boost its annual operating budget to $57 million. WFDB President Ernie Blom says the much larger budget will enable the organization – composed of the seven largest diamond mining companies – to have a much greater impact in its global diamond
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
