We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
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Alrosa Posts 41% Jump in Revenue in 2016
Moscow: Alrosa reported a 41-percent jump in revenue to 317.1 billion rubles ($5.4 billion) for 2016 IFRS (International Financial Reporting Standards) results. Meanwhile, net income surged fourfold on the year to 133.5 billion rubles ($2.25 billion) and free cash flow increased threefold to 111.4 billion rubles ($1.9 billion). Igor Kulichik, Alrosa’s Vice President – Chief Financial Officer, said 2016 was
Sarine Brings Surat Business Under One Roof
Surat: Sarine Technologies has united all its Surat-based operations in one building in the Indian diamond-manufacturing city. The new six-story facility, Sarin House, spans a total of 5,100 square meters and houses about 400 staff members, the Israel-based supplier of diamond-processing technology said. The building – wholly owned by the company’s Indian subsidiary, Sarin India – will house customer care
Gem Diamonds Profit Halves in 2016
London: Gem Diamonds Limited posted a sharp drop in revenue and a halving on the year in profit in its financial results for calendar year 2016. Revenue dropped to $189.8 million from $249.5 million in 2015, while profit was $32.3 million from $67.4 million. Consequently, its directors have “resolved not to propose the payment of a dividend in respect of
Forevermark Forum Stresses Importance of Consumer
New York: The sixth annual Forevermark Forum took place last week, with 450 Forevermark retail jeweler, manufacturer and diamantaire partners. The ‘Forevermark Forward’ conference theme focused on leading with Forevermark to gain a competitive advantage and improve overall diamond business. “Through innovation, integrity and superior quality, Forevermark offers a more engaging customer experience than any other diamond brand,” said Charles
Qatar Diamond Exchange Joins the WFDB
Doha: The Qatar Diamond Exchange (QDE) has officially been admitted as a member of the World Federation of Diamond Bourses (WFDB), the exclusive organization that – as of now – unites 27 diamond bourses on five continents under common trading rules and a shared code of conduct. QDE’s admission was announced during the 41st World Diamond Congress, convened by the
Dassani Brothers to Launch New Collections at IIJS Premiere 2026
Mumbai: Dassani Brothers, a pioneer in the manufacturing of exquisite Polki and Jadau jewellery, will unveil two signature collections GATSBY and RAAGINI at IIJS Premiere 2026. Inspired by the brand’s Heritage Meets Modern philosophy, the collections showcase four generations of craftsmanship, blending timeless artistry with contemporary design. The GATSBY Collection draws inspiration from the bold geometry and glamour of the Art Deco era,
Grow Your Business, Attend ‘Innov8’ at IIJS Bharat Premiere
NATURAL DIAMONDS: DESIRE, CONFIDENCE, COLLABORATION & LEADERSHIP: Mumbai: The Count down for IIJS Bharat Premiere 2026, being organized by India’s Gem & Jewellery Export Promotion Council (GJEPC) has begun. At IIJS Bharat Premiere 2026, GJEPC × GIA presents Innov8 Talks, powered by IGM (India Gold Metaverse), bringing together global leaders from the natural diamond industry to explore the future of
India’s CG, Dubai, V V Reddy, Interacts with BDB Committee
Mumbai: India’s Consul General (CG) to Dubai, Mr. Vishnu Vardhan Reddy, visited the Bharat Diamond Boure (BDB) complex on July 24. He engaged with members of the BDB Committee. The visit enabled the CG to gather better insights into the functioning of the diamond trade, the operations within the Bourse. He also observed the smooth functioning of import-export trade in
