We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
Top News
6th Int'l Diamond Week to be ‘Bigger & Better’
Ramat Gan: According to organizers, the sixth edition of the International Diamond Week in Israel, to be held on February 13 – 16, 2017, is shaping up to be bigger and more exciting than ever before. The Israel Diamond Exchange (IDE) said that it is adding a host of new features, special guests and free attractions, to make this event
NRIs Now Cautious Over Gold Purchase
Mumbai: Non-resident Indians (NRIs)who usually buy gold in India during their visits and stash the yellow metal away in lockers have become cautious after the recent government directive on accumulation of the precious metal. Jewellers said purchases by NRIs have fallen 30-40% after the government said jewellery or ornaments bought with explained sources of income will not be taxed, but
Biennial Meeting of WFDB & IDMA in Mumbai
Antwerp: The 2017 Presidents Meeting, the biennial gathering of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA), will take place in Mumbai from February 5 to 8, 2017. The Presidents Meeting starts off the WFDB’s year of celebrations for its 70th anniversary and will also feature a major Diamond Financing Seminar and Roundtable. The
GJSCI Launches Jewel Talks
Mumbai: Gem and Jewellery Skill Council of India (GJSCI) launches a monthly interactive platform “Jewel Talks” that brings industry veterans on a stage set for talent, pursuing career in the gems and jewellery industry. The first Jewel Talk session, held at IIGJ, Mumbai was mindful and the speakers gave their views on the Gems and Jewellery industry. The event was
A Golden Milestone in India–Oman Trade Relations
Kolkata: Marking a significant step in strengthening bilateral trade ties, the first gold jewellery export shipment from Kolkata to Oman was successfully dispatched under the India–Oman CEPA framework. India’s gems & jewellery exports to Oman currently stand at -USD 35 million, including ~USD 10 million in gold jewellery. Exports could reach nearly USD 150 million over the next three years.
De Beers Shares Latest Research on US Consumer Trends
London: Natural diamonds are the most desired luxury jewellery product, average purchase prices have increased 25%, Gen Z is now the second largest generation buying diamonds, and non-bridal occasions account for three-quarters of overall US demand. These are some of the key findings of De Beers Group’s latest US Diamond Acquisition Study, featuring responses from 18,500 women aged 18 –
FTAs Offer Immense Export Opportunity for Indian Jewellery
Jaipur: The Department of Commerce, Ministry of Commerce & Industry, Government of India recently organized a focused outreach programme on “Leveraging FTAs for the Gems & Jewellery (G&J) Sector” in Jaipur, in partnership with the Gems & Jewellery Export Promotion Council (GJEPC). Exporters, manufacturers, MSMEs and other industry stakeholders participated in the programme. The workshop is part of the Government’s
Golconda & Ancient Diamonds: A Historical Perspective
Singapore: On the third day of 41st World Diamond Congress, on July 15, distinguished jewellery historian and author, Dr. Usha Balakrishnan, of Mumbai, India, will be presenting a lecture entitled “Golconda and Ancient Diamonds – A Historical Perspective. ” “For nearly 2,000 years, every diamond the world had ever seen came from a mystical land, now known as India. These
