We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
A Surging Rupee Tripled Gold’s Global Loss in India as Silver Broke Down
Macro Snapshot: The Reserve Bank of India changed the domestic arithmetic before trading opened on 12 October. On 10 October it announced a special window to meet the entire daily dollar requirement of Indian Oil, Bharat Petroleum and Hindustan Petroleum directly from its reserves, taking a large block of import demand out of the spot market. The central bank also tightened rupee derivative rules, imposing a 20% Foreign Exchange Risk Reserve on eligible contracts above $2 million and barring the
A Surging Rupee Tripled Gold’s Global Loss in India as Silver Broke Down
Macro Snapshot: The Reserve Bank of India changed the domestic arithmetic before trading opened on 12 October. On 10 October it announced a special window to meet the entire daily dollar requirement of Indian Oil, Bharat Petroleum and Hindustan Petroleum directly from its reserves, taking a large block of import demand out of the spot market. The central bank also tightened rupee derivative rules, imposing a 20% Foreign Exchange Risk Reserve on eligible contracts above $2 million and barring the
Top News
Turnaround in Fancy Yellow Diamond Prices in Q4
New York: Following a better-than-expected holiday sales season in the US and continued sluggish demand in Asia, the fancy color diamond category has demonstrated stability, with overall prices growing on average 0.3% during the fourth quarter of 2015, according to the Fancy Color Diamond Index. The strongest performance was in the fancy yellow diamond segment, growing by 1.1%. Among fancy
DiaCam360 to Introduce Latest, Improved Camera
Ramat Gan: DiaCam360, the company that has conquered the international diamond trading community’s heart with its small, portable, effective and affordable camera that creates high quality photos and 360-degree, interactive videos of polished and rough diamonds, announced it will introduce the latest, improved model of its camera during the upcoming International Diamond Week in Israel (IDWI) which will be held
'Spend Substantially on Generic Campaigns'
Ramat Gan: Shmuel Schnitzer, Chairman of the Israel Diamond Institute Group of Companies (IDI) and past President of the Israel Diamond Exchange (IDE) and the World Federation of Diamond Bourses (WFDB), called on the Diamond Producers Association (DPA) to invest a substantial amount in the generic marketing campaign that it was planning to launch later this year. Schnitzer was speaking
‘Design Inspiration’ Inspires the Jewellery Industry
Mumbai: “Design Inspirations”, a two-day seminar focused on design organized by The Gem & Jewellery Export Promotion Council (GJEPC) on 8th & 9th Feb ended yesterday successfully. Mr. Praveenshankar Pandya, Chairman of the GJEPC, inaugurating the event said, “If the design is right, if it captures the imagination of the consumer then the jewellery sells and sells in multiples.” Explaining
World’s Largest Faceted Sapphire Up For Sale
Atlanta: Ophir Collection, LLC has announced that the Ophir Collection of rare gemstones is available for sale. The collection has been awarded nine GUINNESS WORLD RECORDS titles. Included within the collection is the world’s largest faceted Sapphire, the Ophir Sapphire. Weighing 31,308 carats, roughly the size of a dinner plate, the extraordinary blue gemstone is recognized by Guinness World Records
Two Miners Leave World Gold Council
London: Two longtime members of the World Gold Council have resigned from the organization, reportedly for financial reasons. The decisions of AngloGold Ashanti and Gold Fields to leave were cost based, according to a report in Bloomberg. In a statement, the organization said it “regrets the departures.” “As long-standing members, AngloGold Ashanti and Gold Fields have played a leading role
China’s Gold Demand to Continue For 20 Years
Beijing: China’s strong appetite for gold is expected to continue for the next 20 years, driven by the country’s increasing per capita income and the global shift of gold consumption from the West to the East, the China Gold Association said. In 2013, China’s gold consumption reached 1,176.4 tonnes, making it the world’s biggest gold consumer. Its consumption in 2014
British MPs Urge to Probe Gold Price-Rigging
London: British Members of Parliament (MPs) have called on the UK’s financial watchdog to investigate allegations of price-rigging in the London gold market after a senior regulatory executive said that there may have been co-ordinated attempts to manipulate a crucial benchmark, Financial Times reports. Members of the influential parliamentary Treasury select committee pressed the Financial Conduct Authority to act after
