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Israel’s Diamond Industry Under Severe Pressure
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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
Top News
ALROSA to Boost Sales to 37M Cts in 2016
Moscow: ALROSA will increase its sales to 37 million carats in 2016, Andrey Zharkov, the company’s president said in an interview with television channel Russia 24, according to Finmarket.ru. That sales figure would be equal to its output, and is significantly higher than the 30 million carats of diamonds ALROSA sold in 2015 when it produced 38 million carats. The
Lulo Mine Production Hits Record Levels
Luanda: Lucapa Diamond Company said production from its Lulo mine in Angola reached its highest point yet for both total output and average size in the third quarter. The alluvial mine yielded 8,853 carats in the three months that ended September 30 – representing a 154 percent jump over the same period a year ago, Lucapa reported. The average weight
Indian Consumer’s Preference for Indian Gold Coin
Mumbai: Indian Gold Coin currently available at select branches of four Indian banks – Indian Overseas Bank, Federal Bank, Vijaya Bank and Yes Bank The Indian Gold Coin is among the key initiatives of the gold monetisation programme launched by Prime Minister Narendra Modi on 5th November 2015 and is the country’s first sovereign gold coin. A detailed study commissioned
India’s G&J Exports up by 11% in April-August
Mumbai: Exports of gems and jewellery grew by 11 per cent to $14.43 billion during the first five months of the current fiscal, driven largely by demand in India’s major markets like the US. In April-August period of the last fiscal, exports from the sector were at $13 billion, according to the data from Gem and Jewellery Export Promotion Council
Amit Pratihari Named MD, GIA India Laboratory
Mumbai: The board of directors of GIA India Laboratory Pvt. Ltd. (GIA India) has appointed Amit Pratihari as managing director, responsible for all aspects of GIA India’s gemological laboratories in Mumbai and Surat, as well as the GIA India school in Mumbai. Reporting to the board of directors of GIA India, he assumed his responsibilities on October 1. Amit’s deep experience
GJC Welcomes Formation of Dakshata Samiti
Mumbai: The All India Gem & Jewellery Domestic Council (GJC), the apex body representing over 600,000 jewellers across India, has welcomed the Maharashtra Government’s historic step of establishing a state-level ‘Dakshata Committee’ (Vigilance Committee) to ensure the safety and security of jewellers. For a long time, jewellers have faced harassment during investigations of theft and robbery cases involving gold and silver. In
Augmont Enterprises Files for Rs. 800 Crore IPO
Mumbai: Augmont Enterprises Limited, an integrated gold and silver platform in India serving businesses and consumers, with a presence across 24 states, as of August 31, 2025, has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI). The IPO comprises of a Fresh issue of equity shares of face value ₹ 5
Paul De Wachter Appointed CEO of HRD Antwerp
Antwerp: The Board of Directors of HRD Antwerp, a subsidiary of the Antwerp World Diamond Centre (AWDC), has appointed Paul De Wachter as its new CEO. Bringing over twenty years of experience and a proven track record in the international diamond industry, De Wachter will assume the role in January 2026. As CEO, he is tasked with strengthening HRD’s position
