We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
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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
Ronnie VanderLinden is New IDMA President
Dubai: The International Diamond Manufacturers Association (IDMA), the representative body of the world’s diamond manufacturers, concluded its meetings at the 37th World Diamond Congress in Dubai, UAE, on May 19 with the election of a new President and Executive Board. Ronnie VanderLinden is the new President, while Philippe Roolant is Vice President. Kim Lanny is the new Secretary General and
De Beers 4th Sight Valued at $630 Million
Gaborone: The De Beers Group of Companies announced that the provisional value of its fourth rough diamond sale (Global Sightholder Sales and Auction Sales) was $630 million. “As normal seasonal trends return to the market, we are encouraged by the continued stability of demand for rough diamonds shown in the fourth cycle sales of 2016,” said De Beers Group chief
Gem-A Relaunch Gem Empathy Award for IJL’16
London: Gem-A are pleased to announce the relaunch of the Gem Empathy Award, in partnership with International Jewellery London (IJL). The award, open to all those exhibiting in the Design Gallery at this year’s IJL, will be presented at the show — to be held at Olympia, London, from 4–6 September 2016. In previous years the award has been presented
Andrey Polyakov Becomes President of WDC
Antwerp: The World Diamond Council (WDC) announced that Andrey Polyakov has assumed the elected position of president, succeeding Edward Asscher whose two-year term concluded on Sunday. Polyakov has held the position of vice president of the WDC since 2015 and ALROSA vice president responsible for client policy and international cooperation since 2013. He has been involved with the Russian miner
Rio Tinto Concludes Its Final Beyond Rare Tender
Perth: Rio Tinto has brought its celebrated Beyond Rare Tender series to a close, presenting 52 lots of exceptional fancy colour diamonds sourced from its Australian and Canadian mines. Titled “Into The Light,” the event was the third and final edition in Rio Tinto’s annual Art Series. With the Argyle Diamond Mine having ceased operations in 2020 and the Diavik
GJEPC Submits Pre-Budget Proposals to Govt.
New Delhi: India’s Gem & Jewellery Export Promotion Council (GJEPC) submitted a set of pre-budget proposals to the Government of India in New Delhi on 7th November, aimed at improving ease of doing business and boosting exports. The Council proposals were put forth by Mr. Kirit Bhansali, Chairman, GJEPC; Mr. Anoop Mehta, Convener – Diamond Panel; Mr. K. Srinivasan, Convener
WHP Jewellers Receives IAGES Accreditation
Mumbai: In India’s highly dynamic gold sector, consumers are increasingly seeking retailers who follow a strict Code of Conduct that offers transparency, trust, and sustainability across the entire gold value chain. To establish a stringent framework across the industry, the Indian Association for Gold Excellence and Standards (IAGES), a Self-Regulatory Organisation (SRO) established by and for the Indian gold industry,
Senco Gold Clocks Record Sales of ₹1700+ cr. for October
Mumbai: Senco Gold & Diamonds has reported the highest ever retail sales for the month of October in its 85+ year old history! Senco clocked sales of over ₹1,700 crore for the month backed by robust festive buying for Diwali and Dhanteras, registering a 56% YoY growth over October last year. Gold value for the brand went up by 60%
