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
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Kalyan Jewellers Enters United Kingdom
Thrissur: Kalyan Jewellers, one of India’s jewellery brands, has further strengthened its global presence with the launch of its new showroom on Belgrave Road widely known as Leicester’s Golden Mile, the UK’s most prominent jewellery and South Asian retail hub. This milestone entry into the United Kingdom marks a strategic leap in the brand’s international expansion journey, following its sustained
QWEEN to Launch as India’s First Self-Discovery Experiential Jewellery Brand
Bangalore: QWEEN, India’s First Self-Discovery experiential jewellery brand, was originally launched as a bootstrapped venture by Amit Kumar and Suyash Motarwar, born from a shared vision to reimagine how modern Indian women discover and experience fine jewellery. The founders later secured seed funding from Japanese luxury jeweller Kashikey Co. Ltd., enabling early product development and the foundational phase of brand
Wesley Tucker to step down as CEO of Tracr
De Beers Group has announced that Wesley Tucker will step down from his role as Chief Executive Officer of Tracr and leave the business at the end of February 2026. Wesley joined De Beers Group in April 2021 as Head of Digital Transformation before taking on the role of CEO of Tracr, the blockchain technology platform and diamond traceability business
GJC Requests Formation of Gujarat State Level Vigilance Committee
Ahmedabad: The All India Gem and Jewellery Domestic Council (GJC) yesterday informed that it had formally requested the Government of Gujarat to establish a State Level Vigilance Committee dedicated to protecting the interests of jewellers across the state. A high-level delegation from GJC, led by Chairman Mr. Rajesh Rokde, Vice Chairman Mr. Avinash Gupta, Director Mr. Salim Daginawala, ZCM Mr. Avi Shah,
How is Financial Health of Diamond Industry?
Dubai: The 37th edition of the World Diamond Congress, the biennial meeting of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA), will take place in Dubai, United Arab Emirates, from May 16 to 19, 2016. The Secretary-General of IDMA Mr. Ronnie VanderLinden has listed a few of the global diamond industry concerns in the
ALROSA Cuts Production Target for 2016
Moscow: ALROSA lowered its guidance for production of rough diamonds in 2016 as the Moscow-based miner plans to reduce accumulated inventory from last year. In a meeting on April 1, the company cut its target for production to between 37 million and 39 million carats, from 39 million carats, ALROSA said in a statement. The revision will be achieved by
RBI Eases Norms for Diamond Imports
Mumbai: The Reserve Bank of India (RBI) allowed banks to approve clean credit facility given by foreign supplier to Indian importers of rough, cut and polished diamonds, even beyond 180 days. “To ease the operational difficulties faced by importers, it has been decided, in consultation with the Government of India, to delegate the powers for permitting such clean credit for
Antwerp Diamond Industry Pleased with Modi
Brussels: Given the importance of diamonds in the trade relations between Belgium and India, Indian Prime Minister personally welcomed members from the Antwerp World Diamond Centre’s Board of Directors during his visit to Belgium. Several points were discussed, including the Reserve Bank of India’s (RBI) norms on imports. Belgium is one of Europe’s top three trade partners with India, and
