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
DPA May Increase Budget Substentially
The Diamond Producers Association (DPA) plans to increase its annual budget to $60 million from $6 million by asking members for bigger contributions, Bloomberg reports. The industry’s marketing body is looking to step up efforts to make diamonds appeal to younger consumers, who are increasingly spending their cash on electronics and restaurants, the report said. The DPA will approach members
Forevermark Holiday Sales Outperform the Rest
New York: Forevermark diamond sales in the U.S. jumped 6.4 percent during the holiday season as product launches and focused marketing campaigns paid off, De Beers chief executive officer Bruce Cleaver said. Sales of the De Beers-owned brand added 7.6 per cent in 2016, Cleaver told Forevermark partners at a speech in New York. The figures are based on a
De Beers to Pilot Fixed-Price Forward Contracts
Gaborone: The De Beers Group of Companies yesterday announced that its Auction Sales business is to begin piloting fixed-price forward contracts. These contracts will offer the opportunity for Auction Sales customers to guarantee access to future supply with certainty over the price to be paid when the contract reaches maturity. The first event will take place on 16 February 2017,
India Pavilion with 16 Exhibitors at Vicenzaoro
Vicenza: India Pavilion with 16 exhibitors across categories including jewellery, loose stones and machinery will be part of the Vicenzaoro Winter 2017 to be held from 20-25th January 2017 at Vicenza Italy. Vicenzaoro, a leading event for the international jewellery industry, is attended by a large number of international companies as well as by visitors and buyers from all over
No Assurance from India on Easing Gold Curbs
Mumbai: A delegation of diamond traders and representatives of Gems and Jewellery Export Promotion Council (GJEPC) met the Union Finance Minister, Arun Jaitley recently, demanding relaxation in various rules relating to gems and jewellery industry. The Finance Minister, however, remained reluctant to give any assurance on the existing gold import’s 80-20 rule, which allows only nominated agencies to import gold
Zimbabwe Running Diamond Sector like ‘Mafia’
Harare: Zimbabwean opposition politician Innocent Gonese has said that Zimbabwe’s ruling Zanu PF party needs to stop running the country’s diamond sector “like a mafia where everyone involved in the management of the gems is a thief.” The comments were made at a public forum organized by the Southern African Political and Economic Series (SAPES Trust) in Mutare, reported the
DGCX to Launch Spot Gold Contract
Dubai: Dubai Gold and Commodities Exchange (DGCX), a financial and commodity derivatives exchange is getting ready to launch a spot gold contract and a number of commodities, equity and currency derivative contracts between now and the end of the year, said Gary Anderson, CEO of DGCX in an interview with Gulf News. The exchange primarily focused on derivatives is all
GJEPC’s Banking Seminar on Saturday
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has organized Diamond, Gem & Jewellery Banking Summit-2014 on Saturday, 28th June 2014 in Mumbai. The who’s who of Banking, Gem & Jewellery Trade and Ministry of Finance officials will be present on one platform to discuss the issues like- Aspects and Present Issues on Financing for the Gem & Jewellery
