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
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Zimbabwe Starts Work on Diamond Bourse
Bulawayo: The Minerals Marketing Corporation of Zimbabwe (MMCZ) has started work to set up the first ever diamond bourse in the country, reports The Southern Times. The company has called for consultancy work on the multi-million dollar project. Zimbabwe had planned to establish a diamond exchange by end of the first half of 2015, but however the target could not
India Lowers GDP Growth Forecast to 7-7.5%
New Delhi: India is expected to grow by 7-7.5% in 2015-16, slower than the previous estimate of 8.1-8.5% as weak exports, sluggish farm sector and private investment weighed on faster expansion, the government’s mid-year review showed on Friday. In the Economic Survey of 2014-15, the finance ministry had forecast a growth of 8.1-8.5% for the current fiscal which ends in
WGC Says 2016 Outlook is Optimistic
Mumbai: “2015 has been a fascinating year for the gold market, with strong demand from central banks, Asian markets and the European bar and coin market. The pro-gold schemes introduced by the Indian government and the further internationalization of the renminbi alongside the increasing transparency of Chinese gold reserves will continue to improve the market next year. Gold’s role as
Namibian Diamond Factories 'Collapsing'
Windhoek: Diamond cutting and polishing companies want the Namibian government to save them from collapse by cutting the price of rough diamonds the state supplies to them, reports Allafrica. “Time is running out. The industry is about to collapse,” said Burhan Seber, managing director of Windhoek-based factory, Hardstone Processing. Seber, a former president of the Diamond Manufacturers’ Association of Namibia,
CIBJO Pays Tribute to Vasant Mehta
Milan: The World Jewellery Confederation (CIBJO) mourns the passing of Vasant Mehta, a prominent leader of the Indian diamond and jewellery industry, who passed away yesterday at the age 81. A former chairman of the Gem & Jewellery Export Promotion Council (GJEPC), a position he filled from 2008 to 2010 after two terms as vice chairman, he represented the Indian
Vasant Mehta, Illustrious Leader of G&J Industry Dies
Mumbai: The Indian gem and jewellery industry has lost one of its most respected statesmen. Vasant Mehta, former Chairman of the Gem & Jewellery Export Promotion Council (GJEPC), passed away today, leaving behind a remarkable legacy built over several decades of dedicated service to the industry. A second-generation diamantaire, Mehta graduated from Calcutta University and moved to Mumbai in 1966,
BSM Brazil 2027 Returns to São Paulo with Expanded International Presence
São Paulo, Brazil: Following the remarkable success of its previous editions, Buyer Seller Meeting (BSM Brazil) will return to São Paulo in April 2027, further strengthening its position as Latin America’s premier international B2B event for the diamond, gemstone, jewelry and precious metals industries. Organized with the mission of connecting qualified buyers and leading international suppliers, BSM Brazil 2027 will welcome an even larger number
Israel’s Diamond Industry Under Severe Pressure
Mumbai: Israel’s once-prominent diamond industry is facing one of the most difficult periods in its history, with veteran traders reportedly leaving the business and searching for alternative livelihoods. A recent report by Ynetnews has highlighted the depth of the crisis at the Israel Diamond Exchange in Ramat Gan, traditionally one of the world’s important diamond trading centres. According to veteran
