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
India May Revive Old Gold Mines
New Delhi: India is planning to revive a cluster of colonial-era gold mines – shut for 15 years but with an estimated $2.1 billion worth of deposits left – as the world’s second-largest importer of the metal looks for ways to cut its trade deficit, officials said. State-run Mineral Exploration Corp has started exploring the reserves at Kolar Gold Fields,
India’s Gold Demand Touches 13-Year Low
Mumbai: India’s gold demand has slumped to its lowest in 13 years due to various measures announced by the government to discourage purchases. GFMS, a precious metals consultancy, estimated India’s gold demand at 580 tonnes in 2016, a decline of 34 per cent from the previous year. This level of demand has not been seen in India since 2003. “The
Rising Demand for Online Diamond Trading
Ramat Gan: Electronic diamond trading is gaining steam worldwide, various stakeholders in the international diamond industry said at an e-commerce symposium held by the Israel Diamond Institute (IDI). The symposium was held at the Israel Precious Stones and Diamonds Exchange with Israel Diamond Exchange (IDE) President Yoram Dvash, Israel Diamond Institute (IDI) Chairman Shmuel Schnitzer, Attorney Eli Shimoni and the
De Beers Q4 Output Leaps 10pc to 7.8mct
Gaborone: De Beers’ rough diamond production leaped 10 percent to 7.8 million carats during the fourth quarter of 2016 compared with 7.1 million carats, a year earlier, when production was reduced in response to trading conditions, Anglo American said. The group’s rough diamond production also increased 24 percent compared with 6,273 million carats produced during the third quarter as a
QWEEN to Launch as India’s First Self-Discovery Experiential Jewellery Brand
Bangalore: QWEEN, India’s First Self-Discovery experiential jewellery brand, was originally launched as a bootstrapped venture by Amit Kumar and Suyash Motarwar, born from a shared vision to reimagine how modern Indian women discover and experience fine jewellery. The founders later secured seed funding from Japanese luxury jeweller Kashikey Co. Ltd., enabling early product development and the foundational phase of brand
Wesley Tucker to step down as CEO of Tracr
De Beers Group has announced that Wesley Tucker will step down from his role as Chief Executive Officer of Tracr and leave the business at the end of February 2026. Wesley joined De Beers Group in April 2021 as Head of Digital Transformation before taking on the role of CEO of Tracr, the blockchain technology platform and diamond traceability business
GJC Requests Formation of Gujarat State Level Vigilance Committee
Ahmedabad: The All India Gem and Jewellery Domestic Council (GJC) yesterday informed that it had formally requested the Government of Gujarat to establish a State Level Vigilance Committee dedicated to protecting the interests of jewellers across the state. A high-level delegation from GJC, led by Chairman Mr. Rajesh Rokde, Vice Chairman Mr. Avinash Gupta, Director Mr. Salim Daginawala, ZCM Mr. Avi Shah,
Before You Buy Gold, Follow the Golden Rule
Mumbai: The Indian Association for Gold Excellence and Standards (IAGES), a Self-Regulatory Organization established by and for the Indian gold industry, has unveiled an exciting new campaign #PehlaCheckIAGES to elevate gold industry standards across the country. The IAGES framework of accreditation was formed with a vision to set the highest standards of integrity and excellence across the entire gold value
