We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Hawkish Fed Comments on Inflation Landed Right at Both Metals’ Supply Zones, and the Correction Wrote Itself
Macro Snapshot: The correction in gold and silver during the week ending August 28 was a confluence event. Both metals had rallied into well-defined supply zones (gold at ₹162,000-164,000, silver at ₹244,000-248,000) and were showing early signs of exhaustion. Into that setup, the July PCE release on August 26 came in hot on the headline (3.7% year over year against 3.6% consensus), and Federal Reserve Chair Kevin Warsh’s August 28 Jackson Hole address leaned decisively hawkish on inflation. The trigger
Hawkish Fed Comments on Inflation Landed Right at Both Metals’ Supply Zones, and the Correction Wrote Itself
Macro Snapshot: The correction in gold and silver during the week ending August 28 was a confluence event. Both metals had rallied into well-defined supply zones (gold at ₹162,000-164,000, silver at ₹244,000-248,000) and were showing early signs of exhaustion. Into that setup, the July PCE release on August 26 came in hot on the headline (3.7% year over year against 3.6% consensus), and Federal Reserve Chair Kevin Warsh’s August 28 Jackson Hole address leaned decisively hawkish on inflation. The trigger
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GIA India Launches Pearl Identification Lab in Mumbai
Mumbai: GIA India announced the launch of its new pearl identification laboratory in Mumbai. The launch was held at the Trident Hotel in Nariman Point, Mumbai in the presence of Sriram Natarajan, Managing Director of GIA India, Apoorva Deshingkar, Senior Director – Education and Market Development, GIA India, Dr. Chunhui Zhou, Senior Manager Pearl Identification, GIA New York, Abeer Al-Alawi and Nicholas Struman,
Dominica Drops Proceedings against Mehul Choksi
Mumbai: Dominica has stopped criminal proceedings against fugitive diamantaire Mehul Choksi. The legal victory for Mr. Choksi comes a year after a court in Dominica accused the wanted businessman of entering the country illegally. Mr. Choksi had maintained that he was abducted by a group of individuals from his beach-side house in Antigua where he acquired citizenship in 2017. “Mr.
Ban on Russian diamonds may Benefit Synthetics
Gaborone: Botswana, Africa’s top diamond producer, sees a prolonged ban on Russian diamonds opening the way for synthetic gems to expand market share, the country’s minister told a mining conference on Monday. The United States, the world largest market for natural diamonds, imposed sanctions on Russia’s state-controlled Alrosa in April, aiming to cut off a source of revenue for Moscow
GJEPC Outlines Growth Potential of Lab-Grown Diamonds
Mumbai: Gem & Jewllery Export Promotion Council (GJEPC) officials were present at a meeting on the lab-grown diamond (LGD) industry chaired by the Union Minister for Commerce & Industry; Consumer Affairs, Food & Public Distribution and Textiles, Mr. Piyush Goyal in New Delhi on 17th May, 2022. Mr. B.V.R. Subrahmanyam, Secretary, MOC&I; Mr. Vipul Bansal, Joint Secretary, MOC&I; and Mr. R. Arulanandan,
GIA India Launches Pearl Identification Lab in Mumbai
Mumbai: GIA India announced the launch of its new pearl identification laboratory in Mumbai. The launch was held at the Trident Hotel in Nariman Point, Mumbai in the presence of Sriram Natarajan, Managing Director of GIA India, Apoorva Deshingkar, Senior Director – Education and Market Development, GIA India, Dr. Chunhui Zhou, Senior Manager Pearl Identification, GIA New York, Abeer Al-Alawi and Nicholas Struman,
Dominica Drops Proceedings against Mehul Choksi
Mumbai: Dominica has stopped criminal proceedings against fugitive diamantaire Mehul Choksi. The legal victory for Mr. Choksi comes a year after a court in Dominica accused the wanted businessman of entering the country illegally. Mr. Choksi had maintained that he was abducted by a group of individuals from his beach-side house in Antigua where he acquired citizenship in 2017. “Mr.
Ban on Russian diamonds may Benefit Synthetics
Gaborone: Botswana, Africa’s top diamond producer, sees a prolonged ban on Russian diamonds opening the way for synthetic gems to expand market share, the country’s minister told a mining conference on Monday. The United States, the world largest market for natural diamonds, imposed sanctions on Russia’s state-controlled Alrosa in April, aiming to cut off a source of revenue for Moscow
GJEPC Outlines Growth Potential of Lab-Grown Diamonds
Mumbai: Gem & Jewllery Export Promotion Council (GJEPC) officials were present at a meeting on the lab-grown diamond (LGD) industry chaired by the Union Minister for Commerce & Industry; Consumer Affairs, Food & Public Distribution and Textiles, Mr. Piyush Goyal in New Delhi on 17th May, 2022. Mr. B.V.R. Subrahmanyam, Secretary, MOC&I; Mr. Vipul Bansal, Joint Secretary, MOC&I; and Mr. R. Arulanandan,
