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,
Botswana Diamonds Loss Widens to £274,000
Gaborone: Botswana Diamonds, which is currently exploring for diamonds in Botswana, recorded a £274,000 loss during the six months to 31 December 2015 from £174,000 recorded a year earlier. The increase in loss was, however, due to an exchange difference on translation of foreign operations. Operating losses dropped to £155,000 during the same period under review compared to £166,000 recorded
UAE for Standardization of Rough Prices
Dubai: Kimberley Process (KP) chairman UAE has sponsored an initiative aimed at standardizing rough diamond prices, due to be launched later this year, according to a report in The National. It comes as a response to NGO criticism of transfer mispricing practices in the diamond trade, which have allegedly deprived diamond producer states of tax revenue. “We feel that should
Alrosa to Open Vladivostok Branch
Moscow: The ALROSA Supervisory Board has approved the recent decision to open a branch in Vladivostok, as the company seeks to capitalize on rough and polished trade with the Asia-Pacific region. It is thought that the decision will pave the way for the creation of a Russian Diamond Centre in the Primorye Territory. The Vladivostok branch will be responsible for
Petra Sells Exceptional Pink Diamond for $15m
Dar Es Salaam: Petra Diamonds says it has recently recovered what it describes as an “exceptional” 32.33 carat pink diamond from a mine in Tanzania and has sold it for $15m, which equates to a price of $463,965 per carat. The diamond was bought on behalf of Israel-based diamond manufacturer, M.A. Anavi Diamond Group. Petra said it has also retained
