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
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
BDB Hosts RJC Roadshow & Board Meeting
Mumbai: Reinforcing its commitment to global best practices, Bharat Diamond Bourse (BDB) hosted the Responsible Jewellery Council (RJC) Roadshow, bringing together international experts and industry professionals for focused discussions on responsible, transparent, and future-ready practices in the diamond and jewellery sector. Led by Mr. Dave Meleski, Chairman, RJC, the programme featured presentations by Ms. Suzanne Brooks, General Manager – Standards,
Progress Killed in Pursuit of the Impossible: WDC
Dubai: The World Diamond Council (WDC) yesterday expressed profound regret that a small number of Kimberley Process (KP) Participants blocked consensus on long-awaited reforms designed to strengthen protections for Africa’s diamond-mining communities. For three years, the KP Review and Reform Committee worked on the most ambitious reform effort in more than two decades. That work brought the KP closer than
Gemfields Uncovers 40.23-Ct Ruby
Maputo: Gemstone miner Gemfields has discovered a 40.23-carat ruby Mozambique that the firm says it believes to be one of the most important rubies unearthed in recent times. “The gemstone will set a new benchmark for the quality of African rubies and endorses the Montepuez deposit in Mozambique as the world’s most significant deposit presently in development,” the company said
EGL USA Launching Diamond Trading Service
New York: Stung by RapNet’s decision to ban all EGL labs from its network, EGL USA is launching a rival online trading platform. The network, still in the testing phase, will list “stones from EGL USA as well as other top-tier well-respected labs,” says a spokeswoman. A statement said that the free-of-charge platform is meant for lab clients “displaced by
Now Diamonds from Peanut Butter!
London: While man-made diamonds are becoming increasingly popular, it’s hard to believe a German geologist has found the way to create the coveted gems out of peanut butter. However Dan Frost — a geologist from the Bayerisches Geoinstitut— was able to replicate extreme conditions found in the Earth’s surface, becoming one of the first cases reported where the tasty spread
Botswana Diamonds Loss Widens to $1.6mln
Gaborone: Botswana Diamonds, which is currently exploring for diamonds in the in the Orapa area in Botswana together with its joint venture partner Alrosa, said it posted an operating loss of £1.05 million ($1.6 million) during the year ended June 2014, from £477,908 ($748,884) a year earlier. No revenues were recorded while its pre-tax losses rose to £948,610 ($1.5 million)
