We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
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
Review Jewellery Incentives: India's CAG
New Delhi: India’s Comptroller and Auditor General (CAG) has asked the government to review export incentives to the gems and jewellery sector to safeguard revenues and prevent round-tripping. The CAG also asked the department of commerce to undertake an outcome analysis of the important schemes implemented to boost the sector from an economic, trading, and revenue perspective. All inverted duty
Popley Group Collaborates with FICCI FLO
Mumbai: Popley Group, a pioneer in luxury jewellery and lifestyle in India & Middle East for over 88 years has taken a step towards women empowerment under the auspices of FICCI FLO for their ceremony on changing of guards. FICCI Ladies Organization, (FLO) is the women wing of the Federation of Indian Chamber of Commerce & Industry (FICCI) FLO represents
Moody’s Upgrades Alrosa Rating
Moscow: Moody’s Investors Service has upgraded Russian diamond miner ALROSA’s corporate rating while reducing the rating on the probability of default. “The upgrade of ALROSA’s ratings primarily reflects the company’s strengthened business and financial profile; Moody’s expectation that its financial metrics will remain robust, despite demand and price volatility for diamonds; the company’s high profitability, positive free cash flow generation
India’s G&J Exports Declined by 3.46% in 2015-16
Exports of cut and polished diamonds in FY16 falls 13.66% G&J exports account for 14.78% of the country’s total exports in FY16 Net imports of rough diamonds drops 16.17% to USD 14,047.81 mn Gold jewellery exports drops 13.07% to USD 8,609.25 mn Colored Gemstones exports drops 4.43% to USD 433.18 mn Mumbai: India’s Exports of gems and jewellery dropped 3.46%
Indian Companies Shine at 2014 JNA Awards
Hong Kong, 12th Sep: The 2014 JNA Awards has recognized a number of India-based companies for their contribution to the global jewellery and gemstone industry. JNA has named Anoop Mehta, president of the Bharat Diamond Bourse (BDB), as recipient of the Lifetime Achievement Award – the most prestigious honour conferred by JNA – while five of India’s major diamond manufacturers
Multibank is First Fin. Inst. to Secure Office in PGJC
Panama: Panama’s Multibank has become the first financial institution to secure office space in the Phase I building of the Panama Gem & Jewelry Center (PGJC). Providing a range of banking products and services, the Panama City-headquartered bank also has operations in Costa Rica and Colombia, a representative office in Peru, and is the main company in the Multi Financial
NCDIA Elects New President, Board
New York: The Natural Color Diamond Association (NCDIA) has elected new officers and a new board. Jordan Fine, JFine, will serve as group president; Alan Bronstein, Aurora Gems, will serve as vice president; Breanne Wittrock, Gunderson’s, will also serve as vice president; and Jeffrey Post, Gem Platinum, will serve as secretary/treasurer. Also on the board are David Shara, Optimum Diamonds;
Angola to Focus on CAR Challenges as KP Chair
Luanda: Angola, which is set to lead the Kimberly Process Certification Scheme (KPCS) next year, says that it will focus on following up on the situation in Central Africa Republic (CAR) and Venezuela. CAR was temporarily suspended from the KP in May 2013 after a coalition of rebels threw President Francois Bozize out of office. The World Diamond Council (WDC)
