We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors
Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000
Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors
Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000
Top News
DiamondCorp Sells Lace Mine Kimberlite Diamonds
Johannesburg: South African diamond mining, development and exploration company Diamond Corp has announced the sale of 8.648 carats of Lace Mine diamonds through direct sales and competitive tender. This marks the first sale of Lace Mine diamonds since 1931. The company said that 6,247 carats of the diamonds were greater than 1.25mm in diameter and were recovered as a result
India Close to 8% GDP Growth
New Delhi: Banking reforms and job creation are the two biggest current challenges, said Arvind Panagariya, vice-chairman of the NITI Aayog. The country is close to achieving eight per cent annual growth in gross domestic product (GDP), on the back of good infrastructure development, he added. “The advance estimate for 2015-16 pegs GDP growth at 7.6 per cent and the
IDE Calls for Additional Financing for Industry
Ramat Gan: Israel Diamond Exchange (IDE) President Yoram Dvash has called for an increase in credit lines to finance the diamond industry worldwide. Referring to a Bloomberg Business report that London-based Standard Chartered Bank was demanding additional loan protection from diamond clients, Dvash said that the world diamond industry needs to work together to secure additional financing. Standard Chartered has
Gemfields Emerald Auction Realizes $33 Million
Lusaka: Emerald and ruby miner Gemfields has announced that its recent emerald auction held in Lusaka, Zambia, realized $33.1 million. Of the 558,000 carats of Kagem Mining Ltd emeralds up for sale, 496,000 or 84 percent were sold. This most recent auction now holds the record for the highest average price, $70.68 per carat, for higher quality auctions. Gemfields’ 21
India’s Largest Platinum Experience Zone at Kalamandir Jewellers, Vadodara
Vadodara: Kalamandir Jewellers has unveiled India’s largest Platinum Experience Zone at its new flagship store in Vadodara, creating a dedicated destination for consumers to explore platinum jewellery across designs, occasions andprice points. The launch strengthens the visibility of platinum jewellery in Gujarat and complements Platinum Guild International’s (PGI) ongoing efforts to build awareness and appreciation for the metal through consumer education, design innovation
JGW Hong Kong Begins from 14th September
HONG KONG: Next month, the global jewellery industry has only one destination: Hong Kong. Organised by Informa Markets, JGW September (Jewellery & Gem World September) brings together 3,000+ exhibitors from 40+ countries and regions, all showcasing the collections that will define retail displays worldwide. This is the trade’s ultimate B2B sourcing destination: Six specialised buying experiences where attendees move beyond
GSI Issues India’s First Pigeon Blood Reports
Jaipur: Gemological Science International (GSI), one of the world’s largest gemological organizations, has begun issuing colored stone reports carrying recognized color trade names — Pigeon Blood for ruby, Royal Blue and Padparadscha for sapphire — in Jaipur and Mumbai. It is the first time such reports have been issued in India. The designations are granted only to untreated stones. Heated, diffused or otherwise enhanced material is
Sky Gold Enters MSCI India Domestic Small Cap Index
Mumbai: Sky Gold & Diamonds Ltd, one of India’s fast-growing jewellery manufacturers, has been added to the MSCI India Domestic Small Cap Index, as part of the latest index review announced by MSCI. The inclusion marks an important milestone for Sky Gold, reflecting the company’s growing presence and relevance within India’s listed small-cap universe. A key development during the current quarter
