We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors
Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000
Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors
Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000
Top News
Talks with Temple Trusts for Monetizing Idle Gold
New Delhi: The government has initiated talks with temple trusts for bringing their vast stocks of gold into the financial system through the monetization scheme, reports Hindustan Times. Prime Minister Narendra Modi launched the scheme on November 5, along with sovereign gold bonds and coins, to mobilize an estimated 22,000 tonnes of idle gold lying in family lockers and temples
Global Platinum Demand to Go Down by 5%
Johannesburg: The World Platinum Investment Council (WPIC) has estimated that global demand for platinum jewellery in 2015 at 2,850 thousand ounces (koz) will be 5% lower than the corresponding figure of 2,990 koz in 2014, mainly on account of weak demand in China. The projection was part of its fifth Platinum Quarterly data set which was released recently, based on
PNG Jewellers Wins ‘Most Promising Brand’ Award
Mumbai: PNG Jewellers, the Indian Jewellery brand that has been growing in leaps and bounds has been awarded as the most promising brand of India in Jewellery and Lifestyle sector by World Consulting and Research Corporation (WCRC). Credibility, quality and diversity have been the values that PNG Jewellers stand by and this prestigious award is an acknowledgement for the brand
Cyber Monday Diamond Deals from Israel
Ramat Gan: As the Cyber Monday approached, the Israeli Diamond Industry (IDI) once again offered consumers very attractive deals on loose diamonds and diamond jewelry on its popular e-commerce platform, which went live yesterday. Developed by the Israel Diamond Institute Group of Companies (IDI), the dedicated website Israel Diamond Deals is offering fancy color and white diamonds, as well as
GJEPC Welcomes Export Promotion Mission, SEZ Revival
Mumbai:Announcing the reforms and budget for 2014-15, the Finance Minister, Mr. Arun Jaitley has maintained the populist front, announcing various small measures and state level schemes however none of them promise any major impact on the gem & jewelry sector, the Gem & Jewellery Export Promotion Council (GJEPC) has said in an official statement. “The industry is happy that our
GJF Expresses Deep Anguish over Union Budget
Mumbai: Indian gems and jewellery Industry is extremely disappointed with the Union Government Budget Proposals as the finance ministry did not consider their plea of reducing the import duty component on gold and also abolish the stringent 80:20 norms. “The union finance minister Mr. Arun Jaitley has ignored the plight of the trade in spite of several representation and meetings
No Solace in Budget for India's Jewellery Sector
Mumbai: India’s Finance Minister Mr. Arun Jaitley has not given any relaxation in his first budget today as far as import duty on gold is concerned, within 45 days of forming of the Narendra Modi government. Mr. Jaitley surprised bullion markets by keeping the import duty on gold and silver unchanged at 10% in his fiscal budget, a move likely
RJC to Hold Session at IIJS Educational Program
Mumbai: The Responsible Jewellery Council (RJC) will be taking part in the educational program of the July 17-21 India International Jewellery Show (IIJS). The program, organized by the Gem & Jewellery Export Promotion Council (GJEPC), and sponsored by Gemological Science International (GSI), will host a series of industry experts during the four day educational series entitled Spectrum Seminar – Innovate
