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
Forevermark Passes 2,000 Global Retail Doors
Gaborone: Forevermark, the diamond brand from The De Beers Group of Companies, today announced it has passed 2,000 retail doors globally, following the opening of the Zen Diamond Anatolium store in the city of Bursa in Turkey. The milestone consolidates Forevermark’s position as one of the world’s fastest-growing diamond brands. Forevermark was launched in 2008 with the promise of diamonds
MCX signs MoU with Singapore Diamond Exchange
Mumbai: The Multi Commodity Exchange of India Ltd. (MCX) has recently signed an MoU with Singapore Diamond Investment Exchange (SDiX) for establishing areas of cooperation. “We have signed an MoU with SDiX, the world’s first and only commodity exchange trading in physically settled diamonds or establishing areas of cooperation, between the two exchanges. The MoU was signed at a ceremony
US Embassy & Consulate Officials Visit GJEPC
Mumbai: A team of officials from the US Embassy in Delhi and the US Consulate in Mumbai yesterday visited the GJEPC office in Mumbai where they held discussions on a number of issues with the GJEPC Secretariat. During the meeting, Sabyasachi Ray, ED made a presentation on the Indian gem and jewellery industry with some details of each of the
Lucara Diamond Posts Record Sales in 2016
Gaborone: Lucara Diamond Corp., which runs the Karowe Mine in Botswana and holds multiple exploration licences in the region, reports record earnings – and dividends – for the year 2016. Revenues increased 32% to $295.5 million from $223.8 million in 2015, with its EBITDA surging 38% to $184.4 million on the back of a 40% rise in price per carat
India Reduces Tariff Value on Gold
New Delhi: The India government recently reduced the import tariff value on gold to USD 425 per 10 grams due to falling international prices. On the other hand, the tariff value on silver was raised to USD 690 per kg. As on June 30, the tariff value on imported gold stood at USD 428 per 10 grams and silver at
Silver Price to be Set by New System
London: The London silver price mechanism will now be set via an electronic, auction-based mechanism administrated by CME Group and Thomson Reuters, according to a statement from the London Bullion Market Association. The new mechanism was chosen because it is electronic, “auction-based and auditable and tradable with an increased number of direct participants,” the LBMA said in a statement. CME
De Beers Boosts Q2 Diamond Output
Gaborone: De Beers increased its output 7 percent year on year to 8.515 million carats in the second quarter of the year. The group was targeting an output of between 30 million and 32 million carats this year. Anglo American, which owns 85 percent of the diamond group, said in a statement that the increase was mainly due to higher
GJEPC Launches 'Jewellers for Hope' Campaign
Mumbai: For the first time, the Gems and Jewellery Export Promotion Council (GJEPC) has initiated its first edition of ‘Jewellers for Hope’ campaign, a CSR activity with an objective to build a CSR fund that will be used to support various social causes. A charity dinner has been hosted by the GJEPC in Mumbai’s Grand Hyatt on Friday for the
