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Vibrant Gemstones Make a Splash in Gems & Gemology

Author: unknown - Published 16-08-2019 21:06
Dive into the Summer 2019 Gems & Gemology (G&G), GIA’s (Gemological Institute of America) quarterly professional journal, for insights into Mozambique ruby, Madagascar sapphire, black nephrite from China, pearls and opal inclusions. The latest G&G is available in print by subscription and in the GIA Store, and digitally – at no cost – on GIA.edu.

Gold prices surge today to near record high, silver rates jump

Author: unknown - Published 16-08-2019 21:01
Gold prices in India today surged closer record highs after they gained ₹475 to ₹38,420 per 10 gram, tracking firm global prices. Earlier this week, gold prices had surged to record high of ₹38,470. Tracking gold, silver rates also jumped ₹378 to ₹44,688 per kg. In the national capital, gold of 99.9% and 99.5% purity surged ₹475 each to ₹38,420 and ₹38,250 per 10 gram, respectively, Press Trust of India reported, citing All India Sarafa Association. Earlier this week, silver prices had jumped to a record high of ₹45,000 per kilogram.

Rapaport Weekly Market Comment

Author: unknown - Published 15-08-2019 21:17
Low expectations for Sep. Hong Kong show due to slowdown in Chinese demand and escalation of political protests. Trade war affecting confidence. US jewelers likely to raise local manufacturing as 10% tariff on diamond and jewelry imports from China takes effect Sep. 1. Weak Macy’s 2Q results reflect struggling malls and drop in tourist spending. Devalued yuan adds price pressure for Chinese diamond importers. Hong Kong 1H polished imports -6% to $9.1B. Rough market quiet, with cutters reducing factory output through Oct. 27 Diwali break. Sarine 2Q revenue -35% to $12M, net loss of $1.4M vs. profit of $3.6M. India July polished exports -18% to $1.5B, rough imports -34% to $1.1B.

Pink Russian Diamond May Rank Among World’s Most Valuable Gems

Author: Yuliya Fedorinova and Thomas Biesheuvel - Published 14-08-2019 21:15
A 14.83-carat pink gem found and cut by Alrosa PJSC is expected to fetch one of the highest prices ever for a diamond when the Russian company puts it up for sale later this year.

World’s diamond polishing hub loses its shine as demand plummets

Author: Hiral Dave - Published 13-08-2019 21:00
The world’s diamond polishing hub, Surat, is staring at a potential crisis as demand is lowest since 2008 and around 100,000 people have lost work since December 2018, according to Surat Diamond Association.

Angola Sees Rise in Diamond Revenue

Author: unknown - Published 12-08-2019 21:04
Revenue from Angola’s national diamond-trading company, Sodiam, rose 3.9% year on year in the second quarter, with the government separately noting an increase in prices.

Diamond exporters losers in trade war

Author: Sutanuka Ghosal - Published 09-08-2019 13:06
The US-China trade war has taken the sheen off the Indian diamond trade. In July, cut and polished diamond exports have dropped by 18.15 per cent, compared with July last year and for the first four months of FY20, the drop is 15.11 per cent.

Gems, jewellery exports dip 8.48 per cent in April-July

Author: unknown - Published 09-08-2019 13:02
Gems and jewellery exports declined by 8.48 per cent to $9.7 billion during April-July this fiscal, mainly on account of slowdown in demand in major developed markets.
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