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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Surat-Dubai Flight Starts from 15th May
Surat’s diamond industry is all set to glitter with the direct business links with the world’s second largest diamond centre in Dubai following the proposed launch of international connectivity by the Air India (AI) starting from May 15. For diamond traders and jewellery makers over the world, Dubai remains an important trade centre for pearls. But, of late, a growing
Dubai Diamond Trade Sharply Jumped in 2016
Dubai: The Dubai Diamond Exchange (DDE) gained 268 new members in 2016, facilitating a sharp rise in diamond-trading activity there. A total of 945 companies now operate in the bourse, out of the 13,500 members that the Dubai Multi Commodities Centre (DMCC) hosts in its tax-free zone, according to the DMCC’s recent annual report. The DMCC, which includes commodities such
Second DDES in Surat Concluded Successfully
Massive awareness campaign in 21 cities across India Surat’s diamond associations pledge to preserve its reputation GJEPC Chairman offers 50% discount to all Associations in & around Surat which want to install synthetic diamond detection machines Surat: Gem & Jewellery Export Promotion Council (GJEPC), the apex body of India’s gem & jewellery industry, organized the second edition of ‘Diamond Detection
Synthetics only 3% of Total Natural Diamond Supply
Surat: A summary of the findings of the study on the synthetic diamond landscape carried out by Bonas & Co for the GJEPC’s Natural Diamond Monitoring Committee (NDMC) and released at the DDES 2017 estimates the current peak installed capacity of synthetic diamond manufacturers worldwide to be between 2.3 mn to 4.2 mn, or about 2-3% of total natural diamond
RBI to Swap Gold to Improve Reserves Quality
Mumbai: The Reserve Bank of India (RBI) said yesterday that it had sought quotes from banks to swap gold in its own vaults for international-standard gold, aiming to improve the management of its reserves. The RBI sources said that the measure would “standardize the gold available with RBI in India with respect to international standards” and the gold acquired would
6,000-Gram Gold “Devil’s Ear” Unearthed in Russia
Moscow: Russian miners have unearthed a scary-looking 6,664-gram piece of gold they labeled the “Devil’s Ear” on Friday the 13th. According to the official publication of the local government, workers at the Ukhagan mine in the Bodaybinsky district of Siberia found the piece, the largest nugget ever found in the area, on June 13, the eve of the full moon.
India May Increase Duty on Synthetics to 10%
New Delhi: The government may increase the import duty on man-made diamonds to 10 per cent in order to remove the price differential with natural diamonds which encourages some jewellers to “cheat the customers”, reports The Indian Express. Simultaneously, it could abolish the customs duty on cut and polished gem stones as these can be re-exported at higher value. The
Pre-Budget Recommendations by GJF
Mumbai: The All India Gems and Jewellery Trade Federation (GJF), the national trade federation for the promotion and growth of trade in Gems and Jewellery (G&J) sector across India, has urged Union Finance Minister Shri Arun Jaitley to abolish 80:20 rule for gold import, which allows only the nominated agencies to import gold on the condition that 20 per cent
