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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DiaCam360 Launches New Software
Ramat Gan: After three months of development, DiaCam360 has released its much anticipated software upgrade, putting its customers at the forefront of diamond imaging technology. The new software produces images with improved sharpness and brilliance, giving every diamond a custom designed web frame. A brand new feature is a control panel that enables every user, even those with no photography
ALROSA Rough Prices Unchanged at March Sale
Moscow: ALROSA held rough prices stable for the sixth month running at its March contract sale as demand for the miner’s goods remained strong. “ALROSA has not changed the prices for rough diamonds at the March trading session,” a company spokesperson said in an email to Rapaport News. “Thus, ALROSA prices remain unchanged since last year.” The Russia-based miner last
China’s 2015 Polished Diamond Imports -14%
Beijing: China’s polished diamond imports declined 14 percent to $6.69 billion last year as the nation’s economy slowed and consumer sentiment dropped. The country’s imports of polished fell in each of the first three quarters of 2015 from corresponding periods in the previous year, but picked up slightly in the final quarter, according to data released by the China Customs
Task Force to Assess Jewellers’ Grievances
Mumbai: Jewellery trade associations including India Bullion & Jewellers Association (IBJA) and All India Gem & Jewellery Trade Federation (GJF), took decision to call off the strike after an eight hour-long meeting with government officials in new Delhi on Saturday. Amit Shah, president of the main governing Bharatiya Janata Party, also attended the meeting. “Our demands have been accepted. The
GJEPC Welcomes Export Promotion Mission, SEZ Revival
Mumbai:Announcing the reforms and budget for 2014-15, the Finance Minister, Mr. Arun Jaitley has maintained the populist front, announcing various small measures and state level schemes however none of them promise any major impact on the gem & jewelry sector, the Gem & Jewellery Export Promotion Council (GJEPC) has said in an official statement. “The industry is happy that our
GJF Expresses Deep Anguish over Union Budget
Mumbai: Indian gems and jewellery Industry is extremely disappointed with the Union Government Budget Proposals as the finance ministry did not consider their plea of reducing the import duty component on gold and also abolish the stringent 80:20 norms. “The union finance minister Mr. Arun Jaitley has ignored the plight of the trade in spite of several representation and meetings
No Solace in Budget for India's Jewellery Sector
Mumbai: India’s Finance Minister Mr. Arun Jaitley has not given any relaxation in his first budget today as far as import duty on gold is concerned, within 45 days of forming of the Narendra Modi government. Mr. Jaitley surprised bullion markets by keeping the import duty on gold and silver unchanged at 10% in his fiscal budget, a move likely
RJC to Hold Session at IIJS Educational Program
Mumbai: The Responsible Jewellery Council (RJC) will be taking part in the educational program of the July 17-21 India International Jewellery Show (IIJS). The program, organized by the Gem & Jewellery Export Promotion Council (GJEPC), and sponsored by Gemological Science International (GSI), will host a series of industry experts during the four day educational series entitled Spectrum Seminar – Innovate
