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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Rockwell Signs Agreement with Nelesco
Johannesburg: Rockwell Diamonds Inc has announced that it had entered into a purchase and sale agreement with Nelesco 318 Proprietary Limited for certain of its non-core assets as part of its recently announced strategic repositioning and business turnaround plans. The Company said that it will use the money thus raised along with funding by two of the key shareholders and
2017 Jewelry Industry Summit Announces Agenda
Tucson: The 2017 Jewelry Industry Summit, an open forum on sustainability and responsible sourcing, will take place Jan. 29–30 in Tucson. The 2017 meeting will be the second edition of the conference. The agenda includes two days of morning and afternoon sessions with speakers and small group meetings. Speakers include Lisa Manley of Cone Communications, Thea Polancic of both ClearSpace
IDTC-SNZ Commemorates Year of Its Operations
Mumbai: India Diamond Trading Centre (IDTC), the only Special Notified Zone (SNZ) in the country commemorated its first year of successful operations on 20th December 2016 with participation of over 400 companies in 28 Diamond viewing sessions. The SNZ was created with an objective of ease of doing business in India, making available regular supply of rough diamonds from the
India May Reduce Import Duty on Gold
New Delhi: The Government of India is likely to lower existing import duty on gold from 10% to 6%, reports CNBC-TV18 quoting agencies. This even as there were on-record comments from the government as early as December declining any proposal to cut duty on gold. Speaking to CNBC-TV18 on the development, Sanjeev Bhatia, CFO of PC Jewellers said this would
CIBJO Congress to be Held Under Patronage of France President
Milan: The Élysée Palace, the official seat of French head of state, has confirmed that the 2025 CIBJO Congress of the World Jewellery Confederation, which is scheduled to take place in Paris from October 27 to October 29, 2025, will be under the official patronage of Emmanuel Macron, the President of the Republic of France. The agreement of the French
1,800 Diamantaires Head to Antwerp for Auction
Antwerp: The Antwerp diamond district is notably busy this month, with eight diamond auctions taking place, including four running simultaneously during the first week of September. More than 1,800 diamantaires from all over the world are traveling to Antwerp to bid on 900 different parcels of rough diamonds. The Antwerp branch of diamond auction house Bonas is the only place
GJEPC Welcomes Drastic Reforms in GST
New Delhi: The Goods and Services Tax (GST) Council, in its 56th meeting yesterday, cleared the next-generation reforms under the eight-year old indirect tax regime. This effectively paves the way for a broad two-slab structure of 5 per cent and 18 per cent with a demerit rate of 40 per cent rate only for super luxury, sin and demerit goods.
WGC Launches a Vision for the Next-Generation Gold Market
Mumbai: The World Gold Council (WGC), Linklaters and Hilltop Walk Consulting have unveiled a pioneering vision to transform the global gold market through the introduction of Wholesale Digital Gold—a transformative concept that will enhance how gold is owned, traded, and utilized. In today’s wholesale market, gold trades are settled in two main structures. The first is allocated gold which involves
