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
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IBJA Wishes 'Select' Hallmarking of Silver
Mumbai: India Bullion & Jewellers Association (IBJA) is writing to the consumer affairs ministry about allowing hallmarking in silver of only certain purity, as in gold, to prevent customers from being duped by wily silver jewellers and dealers. “Ignorance among silver buyers is great and that’s being used to the hilt by certain unscrupulous elements within the trade,” said Surendra
GJEPC Delegation Meets Commerce Minister
Mumbai: A delegation of The Gem & Jewellery Export Promotion Council’s (GJEPC) Southern Region met India’s Minister of State for Commerce & Industry Smt. Nirmala Sitharaman, while the Minister was on a visit to Mangaluru recently. The meeting was held to explore ways and means of further developing the gems and jewellery industry in the region. During the discussion, the
Signature IIJS to Run Alongside WFDB Meet
Mumbai: The Signature IIJS jewellery show will take place in Mumbai from February 6 to 9, coinciding with the World Federation of Diamond Bourses (WFDB) presidents’ meeting. The 10th edition of Signature IIJS will be held at the Bombay Exhibition Centre in Goregaon, a suburb of Mumbai. More than 550 exhibitors and 13,000 visitors are expected to attend, India’s Gem
Negative Outlook for Gold in 2017
Mumbai: Total holdings in physically-backed gold exchange-traded products (ETPs) stood at 2,142.4t (68.9 moz) at the end of December, down 96.9 t or 4% drop from November, the World Gold Council (WGC) has reported. In value terms, total holdings stood at US$78.9bn, 7% lower than the earlier month, WGC said, adding that it remains negative on gold for 2017. Giving
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,
