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
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
CaratLane Opens its 2nd Store in Bengaluru
Bengaluru: CaratLane, India’s leading omni-channel jeweller has opened its 2nd store in Bengaluru, at Koramangala. For a brand that’s on a mission to democratize access to jewellery, this store launch, the 14th in the country, is a step forward in expanding the growing retail footprint. Situated at the city’s high street arena, this outpost of CaratLane – a Tanishq partnership
Italian Exhibition Group Accredited at the UN
Rimini: The Italian Exhibition Group Spa (IEG), the new trade show company created through the merger between Rimini Fiera and Fiera di Vicenza, received prestigious international recognition in New York on Thursday (January 12), when it was awarded formal accreditation through CIBJO, the World Jewellery Confederation, from ECOSOC, the United Nations Economic and Social Council, for promoting and implementing activities
GJEPC Demands Relaxations from Govt.
Mumbai: The Gems and Jewellery Export Promotion Council (GJEPC) has urged the government to reduce import duty on gold and silver to 2 per cent from 10 per cent. An official News Release received by this website says that the body has also demanded for scrapping the existing 80:20 scheme, which was imposed by the government in August last year,
36th World Diamond Congress Concludes
Antwerp: The 36th World Diamond Congress concluded in Antwerp, Belgium, and reflected strength in the attendance and the presence of international diamond, gem stone and jewellery industry organization delegates. These included the representatives of 30 bourses affiliated to the World Federation of Diamond Bourses (WFDB), 15 members of the International Diamond Manufacturers Association (IDMA), the two bodies that organize the
ADB's Profit -31%, Interest Income +13%
Antwerp: The Antwerp Diamond Bank (ADB), a subsidiary of the KBC Bank, reported that its balance sheet fell 7 percent year on year to $2.4 billion (EUR 1.692 billion) in 2013, according to a report published on Rapaport. A selective credit issuing policy during the year held the bank’s number of debtors stable, and global net interest income rose almost
Chow Tai Fook to Buy Hearts On Fire for $150 Mn
Beijing: Chinese retailer and manufacturer Chow Tai Fook is buying all the assets of diamond brand Hearts On Fire for $150 million in cash, reports jckonline. The company will be run as a standalone division under current management, a statement said, though there are plans to introduce the brand into Chow Tai Fook’s retail network in Hong Kong, China, Macau,
