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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Diamond Tycoon Beny Steinmetz Under Arrest
Ramat Gan: Billionaire Israeli diamond tycoon Beny Steinmetz has been placed under house arrest by an Israeli court, as police continue to look into his alleged involvement in an international money laundering and bribery case involving Guinea, according to Israeli media reports. Israeli police suspect Steinmetz of paying off officials in the west African country. He is alleged to have
GJSCI's RPL Goldsmith Prog. Gets Good Response
Kolkata: Gem & Jewellery Skill Council of India (GJSCI)’s Recognition of Prior Learning (RPL) program for goldsmiths launched at Kolkata last month at EduJobs Academy received an overwhelming response from the Goldsmiths, where the first batch of 125 Artisans finished the RPL assessment. The certificate dissemination ceremony was held at EduJobs Academy where Guest of Honour Mr. Rajiv Pratap Rudy,
IDE Reaches New Agreement with Tax Authority
Ramat Gan: After months of intensive negotiations the Israeli Diamond Industry has finalized the terms of an agreement with the Israeli Tax Authority. Today the boards of directors of the Israel Diamond Exchange (IDE) and the Israel Diamond Manufacturers Association (IsDA) unanimously ratified the agreement. A special assembly of IDE members today also endorsed the new arrangement. The new tax
‘Cameroon Not Dealing in Conflict Diamonds’
Yaoundé: Cameroon has dismissed reports that it is trading in “conflict diamonds” from the troubled Central African Republic (CAR). Partnership Africa Canada recently claimed in a report that proceeds from the illicit diamond trade was being used to partially finance an almost three-year conflict. “Cameroon is not a transit point for Central African rebel diamonds. And if you want to
Diamond Tycoon Beny Steinmetz Under Arrest
Ramat Gan: Billionaire Israeli diamond tycoon Beny Steinmetz has been placed under house arrest by an Israeli court, as police continue to look into his alleged involvement in an international money laundering and bribery case involving Guinea, according to Israeli media reports. Israeli police suspect Steinmetz of paying off officials in the west African country. He is alleged to have
GJSCI's RPL Goldsmith Prog. Gets Good Response
Kolkata: Gem & Jewellery Skill Council of India (GJSCI)’s Recognition of Prior Learning (RPL) program for goldsmiths launched at Kolkata last month at EduJobs Academy received an overwhelming response from the Goldsmiths, where the first batch of 125 Artisans finished the RPL assessment. The certificate dissemination ceremony was held at EduJobs Academy where Guest of Honour Mr. Rajiv Pratap Rudy,
IDE Reaches New Agreement with Tax Authority
Ramat Gan: After months of intensive negotiations the Israeli Diamond Industry has finalized the terms of an agreement with the Israeli Tax Authority. Today the boards of directors of the Israel Diamond Exchange (IDE) and the Israel Diamond Manufacturers Association (IsDA) unanimously ratified the agreement. A special assembly of IDE members today also endorsed the new arrangement. The new tax
‘Cameroon Not Dealing in Conflict Diamonds’
Yaoundé: Cameroon has dismissed reports that it is trading in “conflict diamonds” from the troubled Central African Republic (CAR). Partnership Africa Canada recently claimed in a report that proceeds from the illicit diamond trade was being used to partially finance an almost three-year conflict. “Cameroon is not a transit point for Central African rebel diamonds. And if you want to
