We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
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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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Richemont’s Jewellery Sales Increased by 7%
Geneva: Jewellery sales at Richemont — owner of Cartier and Van Cleef & Arpels — increased 7% in the past fiscal year, standing out as a rare growth sector for the luxury group. Revenue from the category rose to $4.55 billion (EUR 4.2 billion) in the 12 months that ended March 31, partly offsetting weakness in its watch division, where
Lucara Earns $55 Million from First Tender of 2017
Vancouver: “When you’re selling your offcuts for almost $20 million, you know something is going right,” writes Thomas Biesheuvel for BloombergPursuits. “Lucara Diamond Corp. just sold a 373.7-carat diamond for US$17.5 million. For a company that has been unearthing some of the world’s biggest and most expensive stones in the past few years that may sound less impressive, until you
IIJW to be Held from July 24-27, 2017
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) has announced that it will be holding the seventh edition of the India International Jewellery Week (IIJW) from July 24 to July 27, 2017. The GJEPC has decided to implement a change in format of IIJW; this year, it will be a B2B show rather than a B2C event. This edition
ALROSA Recovers New Large Diamond Crystal
Moscow: ALROSA reported it has produced a 83.5-carat diamond at its Jubilee kimberlite pipe. The diamond crystal has a yellowish semi-transparent tint, its dimensions are 24 х 15 х 17 mm. The stone has inclusions of sulfides, olivines with tensor cracks and pyrope in the intermediate and central zone. The Jubilee pipe has been developed as an open pit since
GJEPC Announces Newly Elected CoA for 2025
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of the gem and jewellery trade in India, has announced the results of its recent Committee of Administration (CoA) elections for 2025 for the vacant positions. Welcoming the new members, Mr. Kirit Bhansali, Chairman, GJEPC, said, “I warmly welcome all the newly elected members of the CoA. Each
Men of Platinum Returns with ‘MS Dhoni Signature Edition’
Mumbai: Platinum Guild International (PGI) India’s Men of Platinum brand returns this festive season with the MS Dhoni Signature Edition — a line of jewellery that speaks to the enduring legacy of a modern icon. Crafted in 95% pure platinum one of the highest standards of purity in precious jewellery, platinum is naturally white, it never fades or tarnishes. Each
Zen Diamond Opens 2 New Stores in Bengaluru
Bengaluru: Zen Diamond, a fine jewellery brand with a presence in over 450+ stores worldwide, is strengthening its footprint in India with the launch of two new stores in Bengaluru. Following its successful debut in Mumbai with stores in Bandra and Borivali, Zen Diamond now expands its presence to South India with openings at Phoenix Mall of Asia and Phoenix
A New Book on ‘Theft of Koh-i-Noor’ by Britain
Mumbai: A new children’s picture book relating the story of the Koh-i-Noor as one of theft and colonial conquest, has just been published in India. Supriya Kelkar, a US-based author and illustrator of Indian origin, tells how the world’s most famous diamond was “stolen” by the British East India Company after the defeat of the Sikh Empire in 1849 and presented to Britain’s
