We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors
Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000
Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors
Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000
Top News
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
De Beers & GJEPC Leaders Discuss Market Challenges
Mumbai: Mr. Paul Rowley, Executive Vice President, Diamond Trading, De Beers Group, met the GJEPC leadership at the Bharat Diamond Bourse in Mumbai on 28 November. Rowley was joined by Sean Lin, VP Sales, De Beers Group, and Sunil Dias, Diamond Consultant, De Beers. The De Beers officials were received by GJEPC’s leadership including Kirit Bhansali, Chairman; Shaunak Parikh, Vice
Flanders Allows Foreign Diamond Workers in Antwerp
Antwerp: The Council of Ministers of the Flemish Government decided on the proposal of Minister of Work Zuhal Demir, that foreign workers may be employed for the shortage occupations of diamond polishers and diamond sorters. The decision is an important boost for the Antwerp diamond sector, which faces a structural shortage of these specialised profiles. They are scarcely available on
18 Antwerp Diamond Co. Finance for Medicines in Botswana
Antwerp: Botswana’s Minister of Minerals and Energy, Joy Bogolo Kenewendo, is visiting the Antwerp diamond sector this week to thank 18 diamond companies that jointly financed life-saving medicines and medical supplies. The Antwerp diamond community mobilised after Botswana declared a medical state of emergency this summer due to a severe shortage of essential medicines. Thanks to the funds raised, more
Antwerp Rules Global Diamond Industry
Antwerp: Over the past twelve months, Antwerp clearly confirmed its leadership role in the global diamond trade and remains the preferred partner for diamond trade worldwide. Despite heavy competition from rivaling diamond hubs, more goods were traded year on year. A total of 227,2 million carats of rough and polished diamonds were traded, with a total value of 58.8 billion
Sixth Antwerp Diamond Trade Fair kicks-off
Antwerp: The Sixth Edition of the Antwerp Diamond Trade Fair (ADTF), the world’s exclusive by-invitation-only diamond trade show, kicked-off yesterday, welcoming many hundreds of buyers, among them not only delegations from existing, leading jewellery markets, but also from markets that until recently had remained unexplored. The fair, which is held in the trading halls of the Antwerp Diamond Bourse (Beurs
Pure Gold Group to Invest $150 Million in India
Dubai: The UAE-based Pure Gold Group has announced plans to invest $150 million in India in three major business sectors – retail, manufacturing (diamond and gold jewelry) and hospitality over the next three years. The group currently has 25 retail jewelry outlets in India under its flagship brand Pure Gold Jewellers. “We believe in Indian economy’s strong long-term outlook. This
Zimbabwe to Set up Diamond Cutting Centre
Harare: Zimbabwe’s ruling party Zanu-PF is reportedly planning to set up a diamond cutting and polishing centre in the eastern town of Mutare. The Daily News quoted the party’s Manicaland acting provincial chairperson Samuel Undenge as saying that a holding company was in the process of being registered. “As a party, we have decided to have a diamond cutting and
