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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Shanghai Gold Exchange Caps Transaction Size
Shanghai: Late last week, the Shanghai Gold Exchange (SGE), now the world’s largest exchange for physical trading in bullion, announced a cap on the amount of gold that can be traded in one single transaction. The order, which became effective on January 1, 2017, limits the size of one single transaction in pure gold to 500 kg, down from the
Diamond Trade in Israel Slows During 2016
Ramat Gan: Israel’s polished diamond exports declined in 2016 even as sentiment improved in December. Outbound shipments of polished dropped 6.4 percent to $4.68 billion during the year, the nation’s Ministry of Economy and Industry reported. Exports to the U.S., its largest trade partner, slid 9 percent to $2 billion, while shipments to Hong Kong fell 8 percent to $1.35
Dominion to Hold Rough Viewing At IDTC
Mumbai: Dominion Diamond Marketing NV will be holding its first rough diamond viewing session for 2017 at the India Diamond Trading Centre Special Notified Zone in Mumbai from January 11-17, 2017. The company sells assortments of rough sourced via its ownership interests in the Diavik and Ekati Diamond Mines in Canada. Other major mining companies have also displayed their goods
Mujeres Brillantes Expands its Reach on Net
Panama: Mujeres Brillantes Association launched today their website www.mubri.com, their Youtube Channel called Mujeres Brillantes has been active since December 2016. The Channel has videos discussing a variety of subjects related to the industry where most women’s jewellers have an opportunity not only to promote their jewellery lines and share their history but also discuss relevant subjects on ways of
India not to Ask Nirav Modi About PNB Scam
London: Ahead of the extradition hearing of fugitive diamantaire Nirav Modi at Westminster Court, India has assured the United Kingdom that the Fugitive Economic Offender will not be “questioned” in connection with the $2 billion Punjab National Bank (PNB) fraud case. A written assurance or sovereign guarantee to this effect has been submitted to the UK authorities through the Crown
De Beers Launches Desert Diamonds Beacon
London: De Beers Group has announced the consumer launch of Desert diamonds, the first new ‘beacon’ it has developed in over a decade, supported by its largest category marketing investment in more than ten years. A De Beers beacon is a celebration of natural diamonds that is manifested through a jewelry concept designed to galvanize the industry around a central
Amit Pratihari Named MD, GIA India Laboratory
Mumbai: The board of directors of GIA India Laboratory Pvt. Ltd. (GIA India) has appointed Amit Pratihari as managing director, responsible for all aspects of GIA India’s gemological laboratories in Mumbai and Surat, as well as the GIA India school in Mumbai. Reporting to the board of directors of GIA India, he assumed his responsibilities on October 1. Amit’s deep experience
GJC Welcomes Formation of Dakshata Samiti
Mumbai: The All India Gem & Jewellery Domestic Council (GJC), the apex body representing over 600,000 jewellers across India, has welcomed the Maharashtra Government’s historic step of establishing a state-level ‘Dakshata Committee’ (Vigilance Committee) to ensure the safety and security of jewellers. For a long time, jewellers have faced harassment during investigations of theft and robbery cases involving gold and silver. In
