We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
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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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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
Star Rays: India’s 1st Carbon Neutral Diamond Co.
Mumbai: Star Rays, a leading Indian diamond manufacturer and exporter, has underlined its commitment to sustainable business practices by working towards becoming India’s first carbon-neutral diamond company. Star Rays is participating in the World Jewellery Confederation’s (CIBJO) Greenhouse Gas (GHG) Measuring and Offsetting Initiative to ensure that its carbon emissions and removals are measured in accordance with international standards.
Rajesh Exports Reports Strong Orders, 40% Net Cash
Bengaluru: (By Evaluate Research) : Rajesh Exports reported positive growth in net profit on a QoQ and YoY basis despite a blip in revenues due to a global economic slowdown and a higher gold price. Revenues for the fiscal third quarter [ended December] came in at Rs.406 bn, down 8% on a YoY basis. However, the strategy to focus on the sale of high margin products
Imitation Jewellery Park Proposed near Noida
Mumbai: Mr. Pramod Kumar Agrawal, Chairman of India’s Gem & Jewellery Export Promotion Council (GJEPC) today revealed that an ultra modern Imitation Jewellery Park near Noida, New Delhi is proposed. “The Government of India is keen to increase the necessary infrastructure to give boost to the gems and jewellery industry which is at this stage reeling under slowdown. It has
13th Edition of IIJS SIGNATURE Commences
18,000 VISITORS FROM 325 INDIAN CITIES & 55 COUNTRIES EXPECTED TO ACCESS 700+ EXHIBITORS & 1,300 BOOTHS 7th IGJME – ASIA’S LARGEST – EXHIBITS LATEST IN G&J TECHNOLOGY Mumbai: Furthering India’s jewellery legacy! The Gem & Jewellery Export Promotion Council (GJEPC) presented the global trade with two wonderful opportunities to commence the Year’s buying season with the 13th edition of
