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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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
DDES Concluded on an Optimistic Note
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) in association with Bharat Diamond Bourse (BDB) successfully concluded The Diamond Detection Expo and Symposium (DDES) on 16th December. DDES, an initiative by GJEPC was organized with an objective to impart knowledge on synthetic diamonds, its detection using various technologies available. The 2 day event included display of latest equipment/machinery and
Fianally US Fed Hikes Interest Rates
Washington: The Federal Reserve is raising interest rates from record lows set at the depths of the 2008 financial crisis, a shift that heralds modestly higher rates on some loans. The Fed coupled its first rate hike in nine years with a signal that further increases will likely be made slowly as the economy strengthens further and inflation rises from
Israel Holds Diwali Celebration at Bourse
Ramat Gan: Israel Diamond Exchange (IDE) President Shmuel Schnitzer has held a festive reception for the Indian diamond community working in Israel to mark the start of the Diwali festival. The celebration has become a traditional event at the bourse, taking place for the seventh year in a row. The event was held in the presence of India’s ambassador to
Kalyan Jewellers Raises $196M from Warburg Pincus
Mumbai: Kalyan Jewellers India Pvt. Ltd, a Kerala-based jewellery retailer, has raised Rs 1,200 crore ($195.6 million) from private equity firm Warburg Pincus, which also marks the second biggest bet on an Indian company ever by the PE firm, reports vccircle.com. In a separate filing with Competition Commission of India (CCI), Warburg Pincus had said it is acquiring 24 per
Gold Festival Organized in Ahmedabad
Ahmedabad: A closing ceremony for “Swarna Utsav” (Gold Festival)– The Grand Shopping Festival was organised on 20th Oct. in Ahmedabad in presence of Mr. Om Prakash Kohli, Honorable Governor of Gujarat, Shri Shantibhai Patel, President, Jewellers Association, Ahmedabad, Mr. Rakesh Shah, President Gujarat Chamber of Commerce & Industry and Shri Somabhai Modi, Social Worker. Mr. Om Prakash Kohli, said that
Will De Beers Develop Diamond Hub in Namibia?
Windhoek: A report that was commissioned by the Namibian government stated that it does not make economic sense for De Beers to set up another diamond hub in Namibia similar to the one recently established in Botswana. Namibia was currently negotiating with the diamond giant to sell a certain percentage of gems mined in the country outside of the group’s
