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Despite Global Losses & Firmer Rupee, Indian Gold & Silver Held Their Floors
Macro Snapshot: The selling that pushed both metals lower in the week ending 25 September came from the American bond market rather than from any bullion-specific news. S&P Global’s flash survey on 23 September put its composite output index at 58.4, the strongest reading since July 2021, with services at 58.7 and manufacturing at 56.7. On the same morning, Federal Reserve Governor Michael Barr said further policy adjustments were likely to be needed to return inflation to target. A poorly
Despite Global Losses & Firmer Rupee, Indian Gold & Silver Held Their Floors
Macro Snapshot: The selling that pushed both metals lower in the week ending 25 September came from the American bond market rather than from any bullion-specific news. S&P Global’s flash survey on 23 September put its composite output index at 58.4, the strongest reading since July 2021, with services at 58.7 and manufacturing at 56.7. On the same morning, Federal Reserve Governor Michael Barr said further policy adjustments were likely to be needed to return inflation to target. A poorly
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JGW Hong Kong Begins from 14th September
HONG KONG: Next month, the global jewellery industry has only one destination: Hong Kong. Organised by Informa Markets, JGW September (Jewellery & Gem World September) brings together 3,000+ exhibitors from 40+ countries and regions, all showcasing the collections that will define retail displays worldwide. This is the trade’s ultimate B2B sourcing destination: Six specialised buying experiences where attendees move beyond
GSI Issues India’s First Pigeon Blood Reports
Jaipur: Gemological Science International (GSI), one of the world’s largest gemological organizations, has begun issuing colored stone reports carrying recognized color trade names — Pigeon Blood for ruby, Royal Blue and Padparadscha for sapphire — in Jaipur and Mumbai. It is the first time such reports have been issued in India. The designations are granted only to untreated stones. Heated, diffused or otherwise enhanced material is
Sky Gold Enters MSCI India Domestic Small Cap Index
Mumbai: Sky Gold & Diamonds Ltd, one of India’s fast-growing jewellery manufacturers, has been added to the MSCI India Domestic Small Cap Index, as part of the latest index review announced by MSCI. The inclusion marks an important milestone for Sky Gold, reflecting the company’s growing presence and relevance within India’s listed small-cap universe. A key development during the current quarter
CIBJO Pays Tribute to Vasant Mehta
Milan: The World Jewellery Confederation (CIBJO) mourns the passing of Vasant Mehta, a prominent leader of the Indian diamond and jewellery industry, who passed away yesterday at the age 81. A former chairman of the Gem & Jewellery Export Promotion Council (GJEPC), a position he filled from 2008 to 2010 after two terms as vice chairman, he represented the Indian
De Beers to Spend $3bn on Diamond Operations
Gaborone: The De Beers Group is set to invest around $3billion over the next 10 years on its diamond mining operations. Fin24 reports that the bulk of the investment would be spend on its key South African mine, Venetia in Limpopo where the underground mine was expected to extend its life beyond 2040. Venetia produced 3.2 million carats in the
SRK is now a ‘Premier Trading House’
New Delhi: Indian company Shree Ramkrishna Exports Pvt.Ltd (SRK), which exported 348,000 carats of polished diamonds in the financial year 2014, has been recognized as a ‘Premier Trading House’ – the highest recognition given to an Export House by the Indian government. SRK, which exports to more than 40 countries worldwide, has been given the status based on the total
De Beers Says Diamond Prices to Recover in Q2
Gaborone: De Beers said that diamond prices, which had been weak since the fourth quarter of last year, will recover from the second quarter of the year. Group chief executive Philippe Mellier was quoted by BusinessDay as saying that rough diamond prices leaped 7 percent last year. He, however, could not make any projections for 2015. “I definitely see some
India Interested in Small Angolan Diamonds
Cape Town: A group of Indian business men are interested in Angola’s small diamonds, an official from the state diamond mining company Endiama has said. Angop news agency quoted Endiama chief executive Carlos Sumbula as saying that he met with the group during the just ended 2015 Mining Indaba in Cape Town. “The Indians are interested in small diamonds and
