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
Top News
Dominion Diamond CEO to Resign
Toronto: Dominion Diamond Corp. CEO Brendan Bell is stepping down after a little over two years in the job. In a statement, Bell said the move stemmed from the Canadian company’s plan, announced in November, to relocate its corporate headquarters from Yellowknife to Calgary. The transfer will be completed by the middle of the year. “The decision to move…was necessary
Pandora to Open 50 Showrooms in India
Mumbai: Denmark’s jewellery manufacturer Pandora said on Friday that it would enter the Indian market and open 50 stores in the coming three years as it is pursuing an ambitious expansion target. The Indian market, one of the largest jewellery markets in the world, is worth over $40 billion a year and is likely to grow at a rate of
Eighth BrilliANT Trade Fair Begins
Antwerp: Following tradition, during the last three days of January, Antwerp’s diamond quarter becomes an international exhibition venue that hosts the annual BrilliAnt – the Antwerp Diamond Trade Fair. By noon time of Sunday, January 29th, hundreds of retail jewelers, jewellery manufacturers, and other diamond buying visitors were making their way into the halls of the Antwerp Diamond Bourse and
Andhra Pradesh Has Huge Gold Mining Potential
Visakhapatnam: Andhra Pradesh is literally a gold mine! The state has a huge potential for gold mining and is the only state in India where two exclusive gold mines are being set up by an Australian-Indian organisation. There are known deposits of gold bearing quartz rocks in the Rayalaseema region of AP, including Anantapur, Chittoor and Kurnool, as per experts.
Construction of India Jewellery Park, Mumbai Begins
Navi Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) yesterday marked a historic milestone in the development of India Jewellery Park Mumbai (IJPM) with the commencement of construction at Mahape, Navi Mumbai. The ceremony marks the transition of this long-cherished industry vision into the construction phase, bringing India’s ambition to establish a world-class, integrated jewellery manufacturing hub a significant
Qatar Diamond Exchange Broadens Asian Presence
Doha: The Qatar Diamond Exchange (QDE) has signed a Memorandum of Understanding (MoU) with the Diamond Federation of Hong Kong, China (DFHK), establishing a strategic partnership between the two organizations. The agreement was formalized in Hong Kong by Ghanim Al-Saadi, Director of the Qatar Diamond Exchange, and Lawrence Ma, President of DFHK. Founded in 2000, DFHK represents Hong Kong’s diamond
Diamonds for Development Fund Receives Initial Funding
Gaborone: The Government of the Republic of Botswana and De Beers Group yesterday announced that De Beers Group has transferred its initial contribution of BWP1 billion to the Diamond for Development Fund, marking a major milestone in the progress of the Fund and its mandate to support Botswana’s long-term economic diversification. The disbursement follows the establishment of the Fund’s governance
De Beers Reports Lower Q3 Output
London: De Beers reported an 11% year-on-year decrease in rough diamond production to 6.8-million carats for the quarter ended September 30, primarily driven by planned plant maintenance at Orapa, in Botswana, and a slowdown at Venetia, in South Africa, ahead of a planned two-year production pause. Operational Performance: De Beers notes that rough diamond production was 11% lower at 6.8
