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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IDWI 2017 Opens in Packed IDE Trading Hall
Ramat Gan: The Sixth International Diamond Week in Israel (IDWI) opened today to a packed trading hall at the Israel Diamond Exchange (IDE), with the participation of some 400 buyers from 30 countries, and over 200 diamond companies exhibiting from Israel and abroad. The festive opening ceremony included speeches by Israel Minister of Tourism Yariv Levin, Alrosa President Andrey Zharkov,
Lucapa Discovers Second Biggest Diamond
Luanda: Lucapa Diamond Company has discovered the second biggest diamond from its Lulo project a year after finding the biggest stone at the Angolan mine. The 227-carat gem represents the seventh 100-carat-plus diamond recovered at Lulo and second only to a 404-carat stone discovered on February 4 last year. The stone also represents the second biggest diamond ever recovered in
BoB to Finance Small Diamond Units
Mumbai: To give a leg up to micro, small and medium enterprises in the diamond industry, Bank of Baroda (BoB) is planning to launch a supply chain financing product for the industry on a pilot basis in Surat, reports BusinessLine. Cutting and polishing units, which procure roughs from large companies and supply finished products back, will be provided finance at
10th Signature IIJS Ended with Success Note
Mumbai: The 10th edition of Signature IIJS and the 4th edition of IGJME concluded here with a success-note. There were ample signs that the Indian gems and jewellery industry had received a shot in the arm heralding that relatively better days lie ahead. Over the last year, the industry has faced multiple challenges be it in the form of continued
Demand for Indian Gold Jewellery to Rise
Mumbai: India’s gems and jewellery exporters are set to shine brighter than domestic retailers. Positive signs from export destinations such as higher disposable income and consumer spending as well as improvements in consumer confidence is set to support export volumes of gems and jewellery, maintain analysts. An economic recovery is also set to benefit exporters, reports Mineweb.com. Indian exporters are
IGI Becomes Premier Affiliate Sponsor of NCDIA
New York: The International Gemological Institute (IGI) has joined the Natural Color Diamond Association (NCDIA) as its first premier affiliate member. With an aim to educate consumers and increase global demand and desire for natural color diamonds, NCDIA is a not-for-profit, membership-based organization. Beyond the record-breaking blue and orange diamonds sold recently at auctions, the association has been working to
ADB to Participate in Int’l Diamond Week
Ramat Gan: The Israel Diamond Exchange (IDE) announced that a delegation of the Antwerp Diamond Bourse (Beurs voor Diamanthandel) will join colleagues from the Diamond Dealers Club of New York to take part in the International Diamond Week at the Israel Diamond Exchange, from Monday, September 1 to Thursday, September 4. “We’re very pleased that the Antwerp Diamond Bourse will
EGL International Clarifies…
Ramat Gan: EGL International Managing Partner and CEO Guy D. Benhamou has categorically refuted claims made on a regional television station in the United States that EGL’s grading standards were lower than those of its competitors. He added that it was untrue that EGL had been contacted for comment on the case by the TV station as claimed in an
