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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India’s SNZ to be Inaugurated on December 20
Mumbai: The India Diamond Trading Center (IDTC), a Special Notified Zone (SNZ) within the Bharat Diamond Bourse (BDB) will be inaugurated on December 20. The IDTC–SNZ, which has been operating since July 1, will be inaugurated by Nirmala Sitharaman, minister of state for commerce and industry. The 4,000 square foot IDTC–SNZ is a joint venture between the Gem and Jewelry
Fed Hike Positive for Bonds and Rupee: Ind-Ra
Mumbai: The US Federal Reserve’s decision to formally mark the end of its Unconventional Monetary Policy is a welcome sign of normalization, which will augur well for domestic financial markets, India Ratings and Research believes. Specifically, the rates and currency market will stand to gain in the near term; the 10Y benchmark G-sec yield likely to soften around the 7.70%
Yoram Dvash Elected as President of the IDE
Ramat Gan: Mr. Yoram Dvash was elected as the new President of the Israel Diamond Exchange (IDE) today, December 16, 2015, replacing incumbent President Shmuel Schnitzer, who served a single two-year term. In the elections of the IDE presidency and board of directors, Dvash won with 1080 votes, against his single opponent, Arnon Juwal, who drew 761 votes. A first
GemAtlas Holds Webinar by Deepak Tulsian
Mumbai: On December 10, www.gematlas.com – B2B portal for the gems and jewellery industry, held a Webinar – ‘Enabling Indian Jewellery Entrepreneurs to Sell Globally on eBay’, which was presented by Deepak Tulsian – Head of the jewellery category, eBay India. eBay is one of the largest online marketplaces globally. Gems and jewellery manufacturers, traders and exporters have seen their
WFDB Concludes EXCO Meeting
Antwerp: The World Federation of Diamond Bourses (WFDB) EXCO has ended a three day program of discussions and meetings that included an extensive strategy session to analyze, discuss and decide on its future mission across the growing, global diamond trade. The strategy session debated and agreed on themes that connect the WFDB and the international diamond trade’s past and present
New ALROSA Head Will Be Appointed Soon
Moscow: President of ALROSA will be appointed within a month, said Yury Trutnev, Deputy Prime Minister of Russia. “The decision concerning new head of ALROSA will be taken within a month,” RIA Novosti quotes him as saying. Earlier in October Trutnev said that the list of candidates for ALROSA’s presidentship was prepared and should be brought in the Government. In
Groups including GJEPC Boycott WDC Meeting
Antwerp: Eight prominent industry groups are boycotting the upcoming World Diamond Council in Antwerp, out of concern that the group is widening its mandate beyond conflict diamonds. The groups, led by the World Federation of Diamond Bourses (WFDB), expressed particular concern about a survey done by the group, conducted by Belgian consulting firm Gemdax. They characterized the survey, which will
Exceptional Results for Argyle Pink Diamonds Tender
Perth: Rio Tinto’s 30th anniversary collection of 54 rare pink and red diamonds from its Argyle diamond mine has delivered exceptional results, achieving the highest average price per carat since the Tender began in 1984. With a record number of more than 600 bids, the collection was internationally popular with successful bids for the rare diamonds submitted from ten countries.
