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
Top News
CIBJO Seminar on Coral and Pearl Sectors
Hong Kong: The implementation of environmentally sound practices in both the coral harvesting and pearl farming sectors came under the spotlight today at the Hong Kong International Diamond, Gem & Show, with the discussion focusing not only the means to protect the fragile marine ecosystem, but also the need to present the members of the industry as responsible corporate citizens.
Indian Jewellers Go on 3-Day Strike from Today
Mumbai: All India Gems and Jewellery Trade Federation (GJF), with co-ordination and recommendation from All India Jewellery Associations announced that jewellers including manufacturers, wholesalers and retailers will go for three day closure of their business to protest against the Government’s proposals of imposing one per cent excise duty in jewellery sector. Mr. G V Sreedhar GJF Chairman, said “We are
De Beers February Sales Rise to $610M
Gaborone: De Beers reported rough diamond sales increased to $610 million in the second cycle of 2016 as demand continued to show signs of improvement. Sales in the first cycle in January were revised to $545 million. The sales figure includes the sight in Gaborone, Botswana, which took place February 22 to 26, as well as auction sales and supply
India's G&J Industry Unhappy with Union Budget
Mumbai: India’s Finance Minister’s focus for Union Budget 2016-17 was macro-economic stability and fiscal discipline as part of the transformational agenda. It was presented against the backdrop of challenging global headwinds while taking into account India’s status as a bright spot of 7.5%+ growth in a slowing global economy. There are several positive takeaways from the Union Budget and yet
DDC Makes Award to Pankaj Parekh
New York: The incoming chairman of India’s Gems & Jewellery Export Promotion Council (GJEPC), Pankaj Kumar Parekh, was presented with an award by Reuven Kaufman, president of the Diamond Dealers Club, and Eli Izhakoff, WFDB and DDC honorary president, at a reception in honor of the first India Diamond Week in New York, reports idexonline. Parekh was recognized for his
De Beers Introduces U.S. Diamond Reselling Insight Program
New York: De Beers created a program through its independent entity, the International Institute of Diamond Valuation (IIDV), that is meant to enhance the understanding of consumer diamond reselling activity in the U.S. and will being operating with a small number of retailers. The program was created to assess the effectiveness of reselling approaches and to explore ways to improve
Argyle Pink Diamonds Celebrates 30 Years
Sydney: Argyle Pink Diamonds is marking its 30th anniversary with a limited edition pink diamond encrusted feather pendant. Dubbed the Argyle Pink Plume, the necklace is set with more than 1 carat of natural Argyle pink diamonds. Only 100 of the anniversary pendants will be made. Each piece has a numbered “1 of 100” laser inscription and is accompanied by
Purple-Pink Diamond May Set New Record
Hong Kong: Auctioneer Sotheby’s will put an 8.41-carat pear-shaped internally flawless fancy vivid purple-pink diamond on the block in Hong Kong on October 7, with a pre-sale estimate of $12.8 million to $15.4 million. If the diamond is sold at the top of the estimate range, it will become one of the top three pink stones ever sold at auction
