We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
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Israel Diamond Exg to hold 'Ambassador Day'
Ramat Gan: The Israel Diamond Exchange (IDE) will be hosting a significant number of Ambassadors, Consuls and economic attaches during the winter edition of The International Diamond Week in Israel to be held on the IDE trading floor from February 14 to 18. On the afternoon of February 16, the diplomats will tour the trading floor, visit the Harry Oppenheimer
Israel’s Diamond Exports Down in 2015
Ramat Gan: Polished diamond exports from Israel fell by just over a fifth in the year 2015 from US$6,267 billion in 2014 to US$4,996 billion in 2005, according to figures released by Israel’s Diamond Controller. Net rough diamond exports from Israel were worth US$2,196 billion in 2015, marking a 28.3% decrease from rough diamond exports of US$3,061 billion in 2014.
India Tightens Noose Round Black Money
New Delhi: In order to check the generation of black money, the Central Board of Direct Taxes (CBDT) of India has notified new rules under which cash receipts and high value transactions by individuals beyond a certain threshold will have to be reported by banks and companies issuing shares or bonds to the Income Tax authorities with effect from April
Argyle Mine in Australia will exhaust by 2020
Perth: The Argyle mine in Australia, which accounts for over 90% of world production of pink diamonds, will be exhausted by 2020, online resource Businesswire reported. According to the assessment carried out by the resource, the price of pink diamonds in the past 10 years increased annually by an average of 20%. As for the cost of yellow diamonds, over
GJEPC to Participate in Meeting on Natural Diamond Promotion
Luanda: The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of the Indian gem and jewellery industry, will be participating in the Ministerial RoundTable on Natural Diamond Promotion, scheduled to take place on 18 June 2025 in Luanda, Angola. Representing India at this prestigious global forum will be Mr. Shaunak Parikh, Vice Chairman, GJEPC, and Mr. Sabyasachi Ray, Executive Director, GJEPC. Their
GJEPC Employees Embrace Hindi in Nationwide Language Competition
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) conducted a special programme to encourage greater use of Hindi among its employees on 12 June. As part of this initiative, a Hindi Sentence Formation and Translation Competition was organized across various GJEPC offices. The objective of the contest, organised by the Council’s Rajbhasha (Official Language) Department, was to motivate employees to use
Gemfields Successfully Completed Rights Issue
London: Gemfields Group Limited (GGL) has successfully completed its fully underwritten Rights Issue, raising approximately USD 30 million through the issuance of 556,203,396 new shares. The capital raise was initially announced on April 11, 2025. The Rights Issue received strong investor interest, with valid acceptances submitted for 458,330,512 new shares—representing around 82.40% of the total offering. The remaining 97,872,884 shares
New Method Discovers Unknown Precious Coral Species
Zurich: A refined DNA-based method to distinguish look-alike “precious corals” used in luxury jewellery, developed by a joint team from the Swiss Gemmological Institute SSEF and the Zurich Institute of Forensic Medicine at the University of Zurich, has uncovered a precious coral species hitherto unknown in the gem trade and to science. It belongs to the Pleurocorallium norfolkicum species complex. “Several precious
