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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The Imperial Crown of Russia at IDWI
Ramat Gan: A replica of the Great Imperial Crown of the Russian Empire, which was used in the coronations of all Russian monarchs since Catherine the Great, will be exhibited from February 13 – 14, 2017 at the sixth International Diamond Week in Israel (IDWI). The replica of the Crown was created by Kristall – Smolensk, Russia’s leading diamond manufacturer
Gemfields Production of Emerald Plummets
London: Gemfields PLC on Monday said first half production of emerald and beryl declined heavily from the previous year whilst output of rubies and corundum saw a significant step-up. The company said production from the 75%-owned Kagem mine in Zambia in the first half to the end of 2016 dropped to just 10.7 million carats from 15.7 million carats a
Botswana Diamonds Funds South Africa Project
Gaborone: Botswana Diamonds has agreed to fund an exploration project in South Africa in return for a 72 percent stake in mine developer Vutomi. As part of the deal, Botswana Diamonds will pay Vutomi a total of $1.2 million (GBP 942,000) in cash, of which $724,269 will be used to fund exploration. Botswana Diamonds will also issue 100 million ordinary
Gems & Jewellery Sector Seeks Special GST Rates
Mumbai: Mr. G.V. Sreedhar, the outgoing chairman of the All India Gems & Jewellery Trade Federation (GJF) said 1.25%-1.3% is an ideal GST rate for gems and jewellery traders in the country. He averred that his federation would like the GST to be around 1.25%, although the industry demands differ ranging from 5%-18%. He pointed out, “We have been very
JNA Awards 2014: Deadline for Entries Extended to 8th May
Hong Kong: JNA Awards, the annual industry-wide event that honors the innovators and leaders of the international jewellery industry, with a focus on their achievements and contribution in Asia, has now extended the deadline for accepting entries up to 8th May, 2014, an official press release issued by the organizer says. Individuals or companies may submit their entries or on behalf
CIBJO Releases Colored Stone Special Report
Milan: With fewer than five weeks to go to the opening of the 2014 CIBJO Congress in Moscow on May 19, 2014, the fourth of the CIBJO commissions Special Reports has been released, as stated in a press brief. Prepared by the CIBJO Colored Stone Commission, headed by Nilam Alawdeen, the report focusses on the proper disclosure of gemstone treatments and
Indias Silver Jewellery Exports Double
Mumbai: A shortage of gold as a raw material and the consequent decline in gold jewellery exports appears to have opened up new avenues of growth for silver jewellery in India, reports Mineweb. Indias silver jewellery exports rose 45.33% to $84.1 million in February 2014, and jumped 89% in the 11-month period to $1.35 billion, according to data from the Gem
AGL Celebrates Five Years under New Management
New York, 15th April: American Gemological Laboratories (AGL), a provider of high-quality gemstone analysis and reporting is celebrating its five-year anniversary under the stewardship of Christopher P. Smith. “Five years ago, AGL was re-privatized during one of the most difficult periods the US and world financial markets have experienced in recent decades. AGL, however, had a good reputation and we did
