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
Rio Tinto Raises Diamond Output
Perth: Rio Tinto’s rough-diamond production grew 4 percent to 18 million carats in 2016, the lower end of its guidance, as it continued to step up underground operations at its Argyle mine in Australia. Output at Argyle, known for its production of rare fancy pink diamonds and high volume of lower-quality rough, increased 4 percent to 14 million carats. Production
Diamond studded Guitar at BrilliANT
Antwerp: A high-light of the upcoming eighth edition of BrilliANT, the Antwerp Diamond Trade Fair, will be Aaron Shum’s “Eden of Coronet,” a Gibson Guitar adorned with over 400 carats of Coronet® diamonds, set in approximately 1.6 kg of 18-karat white gold. The masterpiece was awarded a Guinness World Records™ title for the Most Valuable Guitar in 2015 and has
JNA Awards Declares Updated Categories
Hong Kong: The JNA Awards aims to promote and uphold excellence in innovation, creativity, leadership, sustainability and best business practices with a focus on initiatives that have a positive impact on Asia’s jewellery and gemstone sector. This year, the organiser has adjusted a few award categories to better respond to the needs of the industry and, at the same time,
Italian Exhibition Group to Organize 2 Expos
Rimini: 2017 is getting off to a great start for IEG – Italian Exhibition Group SpA. The new player on the expo scene was officially founded on 1st November with the merger between Rimini Fiera and Fiera di Vicenza, which now is the second largest Italian expo hub as far as turnover is concerned. Led by president Lorenzo Cagnoni, vice
IDMA Tackles Thorny Issues at 36th WDC
Antwerp: With the close of the 36th World Diamond Congress in Antwerp, Belgium, members of the International Diamond Manufacturers Association (IDMA) concluded their deliberations, after raising and discussing a long list of topics that weigh heavily on the minds of diamond manufacturers worldwide. IDMA President Maxim Shkadov emphasized at the concluding press conference on June 19 that his organization was
IMF Urges Zimbabwe to Boost Transparency
Harare: The International Monetary Fund (IMF) stated that Zimbabwe remains committed to implementing the policies and reforms that were agreed to with an IMF-monitored program and to stay engaged with international financial institutions. The program marked its first anniversary this month and while the IMF suggested a number of guidelines to stabilize Zimbabwe’s economy, the organization also concluded that the
Russia's Rough Exports Increased by 21.5% in 1Q
Moscow: Russia’s natural rough diamond exports increased 21.5 percent on the year to 12.01 million carats in the period from January to March, the Finance Ministry said on Monday. Diamond imports dropped 2.6 times in carat terms to 8,040 carats. In monetary terms, Russia’s diamond exports rose 20.6 percent to $1.41 billion while imports halved to $16.5 million, PRIME reports.
Raise Import Payment Credit to 180 Days: GJEPC
New Delhi: With expectations running high from the first budget of the Narendra Modi government at the Centre, a delegation of diamond traders and representatives of Gems and Jewellery Export Promotion Council (GJEPC) today met the Union Finance Minister, Arun Jaitley in New Delhi demanding relaxation in various rules relating to gems and jewellery industry. However, gold importers may feel
