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
Forevermark Diamond Jewellery Launched in India
New Delhi: Forevermark Diamond Jewellery from De Beers Group, the world’s leading diamond company, officially launched as a jewellery brand yesterday. India becomes the lead market for the Forevermark brand with a landmark brand debut and flagship store opening in New Delhi. The opening of the flagship New Delhi store marks a significant milestone in Forevermark’s journey of bringing its
0% U.S. Import Tariff for EU-Polished Diamonds
Antwerp: Thanks to intensive negotiations, the Antwerp World Diamond Centre (AWDC), the umbrella organization for the Antwerp diamond industry, has succeeded in securing a zero percent import tariff for natural polished diamonds under the trade agreement between the European Commission and the United States. This exemption is part of a U.S. executive order, effective retroactively as of Monday, September 1,
GSI Launches State-of-Art Lab in Kolkata
Kolkata: Gemological Science International (GSI) proudly announced the official launch of its laboratory in Kolkata, marking a significant milestone in the company’s commitment to providing world-class gemological services to one of the leading jewellery manufacturing hubs of India. The event, which was attended by prominent industry leaders and luminaries, received an overwhelming outpouring of support and enthusiasm, further solidifying GSI’s
GJEPC Announces Newly Elected CoA for 2025
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of the gem and jewellery trade in India, has announced the results of its recent Committee of Administration (CoA) elections for 2025 for the vacant positions. Welcoming the new members, Mr. Kirit Bhansali, Chairman, GJEPC, said, “I warmly welcome all the newly elected members of the CoA. Each
GJC Seeks Customs Duty Reduction in Budget
Mumbai: All India Gem & Jewellery Domestic Council (GJC), a national apex body for the gems & jewellery industry, has urged the Union Finance Minister Nirmala Sitharaman to withdraw the Basic Customs Duty on gold and also GST on the gems & jewellery industry. In the pre-budget recommendation 2024-25, the apex body has submitted an exhaustive list of recommendations for
Reflecting on the 2 Day IGJS 2024
(By Suresh Chotai): In a dazzling start to the new year, the 2-day India Gold and Jewellery Summit (IGJS) illuminated the landscape of the gold and jewellery industry on January 23 and 24, 2024. This annual event brought together luminaries, thought leaders, and industry stakeholders to discuss, discover, and celebrate the ever-evolving facets of India’s vibrant gold and jewellery sector.
CIBJO Issuses Document Outlining ESG Principles
Milan: The World Jewellery Confederation (CIBJO) has released a guidance document outlining environmental, social and governance (ESG) principles for companies primarily involved in the laboratory-grown diamond sector. Entitled “Environmental, Social and Governance Principles for Laboratory-Grown Diamonds,” the new guidance document is designed to assist laboratory-grown diamond companies to devise sustainable strategies that contribute to long-term business value creation, and to
GJEPC Successfully Organized 2-Day IGJS
New Delhi: India’s gold jewellery ecosystem stands strong in infrastructure, policies, exports, retail, design, and innovation, and is poised for a significant role on the global stage. Mr. Santosh Kumar Sarangi, Director General, DGFT, Union Ministry of Commerce & Industry, Govt. of India urged GJEPC to popularize Indian jewellery exports through e-commerce; and to position India as top supplier, design
