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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Namibia Earns $305m from De Beers
Windhoek: The Namibian Government is said to have earned R4 billion ($305 million) from De Beers last year in corporate tax, royalties and dividends. De Beers and the government of Namibia jointly own Namdeb Holdings, which has operations along the south-west coast of the country as well as land-based operations at Oranjemund and satellite mines near Lüderitz and along the
AIGS Appoints Barbara Wheat as President
Bangkok: The Asian Institute of Gemological Sciences (AIGS) has announced that Barbara Wheat has been appointed president and will assume her role in mid-March. Barbara Wheat has a long history with AIGS and the Ho Group, founders of AIGS. Beginning in 1993, she served as managing director of the Ho Group’s publishing company, Jewelry Trade Publications. AIGS was established in
JA Unveils CASE Award Winners
New York: Jewelers of America (JA), the national trade association for businesses serving the fine jewelry marketplace, has announced the winners of its 27th annual CASE Awards jewelry design competition. The CASE Awards, JA’s national design competition for jewelry retailers, recognizes JA Retail Members who exhibit creativity, artistry, style and excellence in jewelry design. The winning entries are on display
Christie’s to Auction Famed Jonker Diamond
Hong Kong: Christie’s unveiled the top lots that will go under the hammer at its Magnificent Jewels auction in Hong Kong this May, including Harry Winston’s famous Jonker V diamond. The rectangular-cut, 25.27-carat, D-color, VVS2-clarity diamond is expected to sell for $2.2 million to $3.6 million, or up to $142,461 per carat, the company said in a recent statement. The
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
