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
Top News
Construction of India Jewellery Park, Mumbai Begins
Navi Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) yesterday marked a historic milestone in the development of India Jewellery Park Mumbai (IJPM) with the commencement of construction at Mahape, Navi Mumbai. The ceremony marks the transition of this long-cherished industry vision into the construction phase, bringing India’s ambition to establish a world-class, integrated jewellery manufacturing hub a significant
Qatar Diamond Exchange Broadens Asian Presence
Doha: The Qatar Diamond Exchange (QDE) has signed a Memorandum of Understanding (MoU) with the Diamond Federation of Hong Kong, China (DFHK), establishing a strategic partnership between the two organizations. The agreement was formalized in Hong Kong by Ghanim Al-Saadi, Director of the Qatar Diamond Exchange, and Lawrence Ma, President of DFHK. Founded in 2000, DFHK represents Hong Kong’s diamond
Diamonds for Development Fund Receives Initial Funding
Gaborone: The Government of the Republic of Botswana and De Beers Group yesterday announced that De Beers Group has transferred its initial contribution of BWP1 billion to the Diamond for Development Fund, marking a major milestone in the progress of the Fund and its mandate to support Botswana’s long-term economic diversification. The disbursement follows the establishment of the Fund’s governance
De Beers Reports Lower Q3 Output
London: De Beers reported an 11% year-on-year decrease in rough diamond production to 6.8-million carats for the quarter ended September 30, primarily driven by planned plant maintenance at Orapa, in Botswana, and a slowdown at Venetia, in South Africa, ahead of a planned two-year production pause. Operational Performance: De Beers notes that rough diamond production was 11% lower at 6.8
De Beers may Shift its Sight Location Temporarily
Gaborone: The global diamond giant, De Beers is working with Botswana’s government to temporarily move viewings to places closer to international diamond centres, with sales still recorded in the country, to try to restart trading hit by coronavirus travel restrictions. Anglo American unit De Beers sells 90 percent of its total supply from Gaborone, capital of Botswana, whose economy relies
GJC Postpones India Gem & Jewellery Show
Mumbai: The India Gem & Jewellery Show (GJS) which was scheduled to be orgnaized between 25th and 29th June, 2020 by the All India Gem and Jewellery Council (GJC) in Mumbai has been postponed due to wide spread of the COVID-19 pandemic. In a letter addressed to the exhibitors and visitors, signed by the GJC chairman Mr. Anantha Padmanabhan and
Huge Potential for Gold Jewellery in India: WGC
Mumbai: The World Gold Council’s (WGC) ‘Retail Gold Insights: India Jewellery’ report highlighted that 37% of Indian women have never bought gold jewellery in the past but would consider buying it in the future, presenting a significant potential audience for retail jewellers to capture. 60% of Indian women already own gold jewellery; it is the second most popular item among ‘fashion and
'Get Diamonds' Takes the Industry by Storm
Antwerp: Just a month and a half after the World Federation of Diamond Bourses (WFDB) acquired the digital trading platform Get Diamonds from the Israel Diamond Institute, the platform has grown to become the world’s largest B2B diamond digital marketplace. Today the number of diamonds listed is over 1,200,000, with total value of over $5.5 billion, and the WFDB is
