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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New Jewellery Park Planned Near Kolkata
Kolkata: Chief minister Mamata Banerjee is working out an alternative plan for workers who have lost their jobs due to demonetisation. In an effort to create jobs for the gold artisans who have lost their jobs, the state is coming up with a new jewellery park — the third of its kind — beside Belgharia Expressway in Howrah. The West
HRD Antwerp Enters Iran in Middle East Expansion
Antwerp: Diamond-grading group HRD Antwerp will launch an educational program in Iran to expand its presence in the Middle East. HRD will start training certified diamond graders in a debut course in Tehran at the end of April in collaboration with Alireza Feizollahi, a local consultant. The move is part of a wider attempt to expand HRD’s operations in the
Heavy Traffic on Trading Floor on IDWI Day 2
Ramat Gan: The trading floor of the Israel Diamond Exchange (IDE) continued to see heavy traffic on the second day of the 6th International Diamond Week in Israel (IDWI). The mood was upbeat, reflecting a lively trading atmosphere. Beyond the trading floor several events took place during the day. The IDE inaugurated its new state-of-the-art International Tender Center with a
Common Facility Centre at Visnagar Inaugurated
Ahmedabad: The first ever Common Facility Centre for the gems and jewellery trade was inaugurated by Mrs. Rita Teaotia, Hon’ble Commerce Secretary, Government of India at Visnagar in Gujarat yesterday. The centre is part of the government supported project to establish centres at key locations in smaller towns where artisans from smaller enterprises will have access to the latest technology
RBI Allows Private Agencies to Import Gold
Mumbai: The Reserve Bank of India (RBI) yesterday eased tough gold import rules by permitting seven more private agencies to import the yellow metal. It is a measure that industry officials say could increase supplies and reduce premiums in the peak wedding season. Gold imports by India, the world’s No. 2 bullion consumer after China, could quickly rise from current
GJEPC Flays Surat Diamantaires on Bourse Plan
Mumbai, 22nd May: The Gems and Jewellery Export Promotion Council (GJEPC), of India has criticized the move by some diamantaires in Surat to shift their Mumbai operations to the proposed Surat Diamond Bourse (SDB) in Surat, reports The Times of India. GJEPC chairman Vipul Shah said, “It is not the prerogative of 50 diamantaires to decide and win over others
India Raises Import Tariff Value of Gold, Silver
Mumbai: India has raised its import tariff value of gold and silver on Wednesday. Indian government has trimmed its import tariff value of gold from $421 per ten grams to $431 per 10 grams and silver from $644 per kilo gram to $ 646 per kilo gram, said the ministry of finance. Import tariff value is the base price on which
Zimbabwe Diamond Output, Sales Dipped in 2013
Harare: Zimbabwe’s diamond output declined 26.1 percent to 8.9 million carats last year, according to Equity Communications, reports Rough&Polished. The Harare-based research company said in a statement emailed told Rough&Polished that Zimbabwe was the only “major” diamond producer, which experienced a “sharp” decline in production and sales last year. It said diamond production in the Southern African country took a knock
