NEWS
Negative Outlook for Gold in 2017
Mumbai: Total holdings in physically-backed
gold exchange-traded products (ETPs) stood at 2,142.4t (68.9 moz) at the end of
December, down 96.9 t or 4% drop from November, the World Gold Council (WGC)
has reported. In value terms, total holdings stood at US$78.9bn, 7% lower than
the earlier month, WGC said, adding that it remains negative on gold for 2017.
LDB to Hold Open Day Event on January 23
London: The London Diamond Bourse (LDB)
will hold its next Open Day event on January 23.
ALROSA Group’s Sales Come Near $4.5 billion in 2016
Moscow: ALROSA, the world’s major diamond
producer, posted rough and polished diamond sales for December 2016 and interim
results for 2016.
Cartier Unveils Hands-Free Diamond Watch
New York: Cartier unveiled an unusual
watch in which the dial displays a panther chasing a ball to indicate the time,
Forbes reported. Its price is yet to be decided.The Panthère Joueuse de Cartier timepiece
is unique in that it has no hands. Instead, the diamond ball indicates the
hours and the panther’s paw and head indicate the minutes. The panther, an
iconic Cartier symbol, appears to be continually pouncing as it chases the
ball, which is set on a moving disk on the edge of the dial.
GemAtlas Webinar ‘Planning for the New Year’
Mumbai: Ernest (Ernie) Blom, President of World Federation of Diamond Bourses will address members of the trade via Webinar, on Friday the 13th of January, 2017, at 4:00 PM to 5:00 PM IST, live from Johannesburg.
India to be 3rd Largest Market of Diamonds
Mumbai: India is set to emerge as the third-largest market for diamond jewellery by 2020, leaving behind Europe and Japan, and supported by increasing urbanisation, middle-class expansion and the rock's appeal as engagement rings. Meanwhile, China and the US are expected to remain as the leading diamond jewellery markets.
Dhamani is Select Atelier for Argyle Pink Diamonds
Mumbai: Rio Tinto is delighted to welcome
Middle East luxury jeweller, Dhamani as a Select Atelier for Argyle Pink
Diamonds.Dhamani joins an exclusive group of master
craftsman and luxury jewellers with access to a direct supply of Australia’s
rare Argyle pink diamonds and entrusted with transforming Argyle pink diamonds
into exquisite jewellery.
Registrations Open for 2017 Presidents Meeting
Mumbai: The official web site of the 2017
Presidents Meeting and Finance Seminar has gone live, allowing participants to
register for the February 5-8 biennial gathering of the World Federation of
Diamond Bourses (WFDB) and the International Diamond Manufacturers Association
(IDMA).
Demonetization Hits Smaller Diamond Traders
Mumbai: De Beers said trade in smaller,
lower value rough diamonds are currently experiencing a slowdown as a result of
the demonetisation policy in India.
Chow Tai Fook's Q3 2016 Sales Strong
Beijing: Chow Tai Fook Jewellery Group
Ltd., which operates over 2,300 shops in more than 500 cities, indicated strong
sequential growth over Q2 2016 after experiencing substantial declines during
the past two years amid a slowdown in China's economy and fewer tourist
arrivals in Hong Kong.