We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors
Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000
Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors
Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000
Top News
Before You Buy Gold, Follow the Golden Rule
Mumbai: The Indian Association for Gold Excellence and Standards (IAGES), a Self-Regulatory Organization established by and for the Indian gold industry, has unveiled an exciting new campaign #PehlaCheckIAGES to elevate gold industry standards across the country. The IAGES framework of accreditation was formed with a vision to set the highest standards of integrity and excellence across the entire gold value
De Beers & GJEPC Leaders Discuss Market Challenges
Mumbai: Mr. Paul Rowley, Executive Vice President, Diamond Trading, De Beers Group, met the GJEPC leadership at the Bharat Diamond Bourse in Mumbai on 28 November. Rowley was joined by Sean Lin, VP Sales, De Beers Group, and Sunil Dias, Diamond Consultant, De Beers. The De Beers officials were received by GJEPC’s leadership including Kirit Bhansali, Chairman; Shaunak Parikh, Vice
Flanders Allows Foreign Diamond Workers in Antwerp
Antwerp: The Council of Ministers of the Flemish Government decided on the proposal of Minister of Work Zuhal Demir, that foreign workers may be employed for the shortage occupations of diamond polishers and diamond sorters. The decision is an important boost for the Antwerp diamond sector, which faces a structural shortage of these specialised profiles. They are scarcely available on
18 Antwerp Diamond Co. Finance for Medicines in Botswana
Antwerp: Botswana’s Minister of Minerals and Energy, Joy Bogolo Kenewendo, is visiting the Antwerp diamond sector this week to thank 18 diamond companies that jointly financed life-saving medicines and medical supplies. The Antwerp diamond community mobilised after Botswana declared a medical state of emergency this summer due to a severe shortage of essential medicines. Thanks to the funds raised, more
‘Antwerp’s Most Brilliant’ Continues to Grow
Antwerp: In 2013, the City of Antwerp – in collaboration with AWDC, certification body KIWA, Ars Nobilis and FPS Economy – launched the Antwerp’s Most Brilliant (AMB) quality label. This label honors jewelers that continually go the extra yard to provide their customers a reliable and high quality product. Today we can confirm that the label is fully established. The
AGTA Awards Adds New Category for Silver Jewelry
New York: The 2016 AGTA (American Gem Trade Association) Spectrum Awards will feature a new category highlighting silver jewelry. The new category, sponsored by the Silver Promotion Service (SPS), will be called Savor Silver and will honor “exceptionally designed silver jewelry incorporating natural colored gemstones or cultured pearls.” “The SPS is proud to become one of the sponsors of this
Zimbabwe Govt. Urged to Cease Rough Exports
Harare: With preparations being finalized for the Zimbabwe Diamond Technology Centre (ZDTC) to open a cutting and polishing center serving the southern African region, the chairman of ZDTC, Mr. Lovemore Kurotwi, has called for the government to cease exporting rough diamonds in order to maximise profits through beneficiation. He claimed that Zimbabwe was losing millions of dollars and missing out
Will Gold Prices Plunge Next Year?
Mumbai: Gold prices may plunge to $800 an ounce by the end of next year as investors are likely to turn extremely bearish on the yellow metal prices amid a strengthening US dollar. The prices of precious metal are estimated to fall to $1,000 an ounce by December this year, from the current level of $1,140 an ounce, according to
