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
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VICENZAORO Dubai at ME Gems & Jewellery Forum
Dubai: VICENZAORO DUBAI, the Super Show dedicated to world gold and jewellery trade organised by DV Global Link – a joint venture between Fiera di Vicenza and the Dubai World Trade Centre (DWTC) – was at the Middle East Gems & Jewellery Forum 2015 (MEGJF), held in Dubai, 1-2 November, in its capacity as a partner.
India Launches 3 Gold Schemes and Gold coin
New Delhi: India’s Prime Minister Mr. Narendra Modi on today launched three gold related schemes- Gold Monetisation Scheme (GMS), Gold Sovereign Bond Scheme and the Gold Coin and Bullion Scheme. PM Modi also unveiled the first ever national gold coin minted in India with the national emblem of Ashok Chakra engraved to be released among others on the occasion. Speaking
KGK Opens Silver Jewellery Mfrg. Unit in Bangkok
Mumbai: September 2015, Bangkok: In a string of opening new factories globally, KGK group added another silver jewellery manufacturing unit in Bangkok recently under the name of Trinity Creations Co. Ltd. A total of over 2100 sq. meter floor area, the factory is distributed amongst six floors with a capacity of 300 employees/ workers. The unit is specialized to manufacture
GJF Urges GST for Jewellery at Uniform Rate of 1%
Mumbai: The All India Gems and Jewellery Trade Federation (GJF) urged the Union Government to implement uniform 1% Goods & Services Tax (GST) across the entire gems and jewellery sector since such an initiative will bring all jewellery manufacturers under one umbrella. Such action will also help the gems & jewellery sector to promote ‘Make in India’ concept at grass
India Hikes Import Tariff Value on Gold, Silver
New Delhi: The Indian government yesterday hiked import tariff value on gold and silver to USD 411 per 10 grams and USD 632 per kg as global prices have increased in the wake of escalating violence in Iraq. In the first fortnight of this month, tariff value on imported gold stood at USD 408 per 10 grams and silver at
De Beers June Sight Estimated at $640M
Gaborone: The De Beers June sight closed with an estimated value of $640 million as demand for rough diamonds remained firm. Prices and assortments were largely unchanged from the previous sight, although sightholders reported minor price adjustments on select boxes. There was ex-plan supplied – rough in excess of sightholders’ initial application for goods – as demand rose during sight
Zimbabwe's Proposed Marange Restructuring Stalled
Harare: Marange diamond miner Anjin Investments Ltd. has reportedly stalled the Zimbabwe government’s intended consolidation of Marange diamond companies. As of last week, Anjin’s top management, which recently visited Zimbabwe from China, was yet to meet with officials from the mines ministry to finalize evaluations of company’s operations. The ministry had originally projected briefing Anjin chairperson Jiang Qingder on the
Belgian Politician Warns Against Diamond Sanctions
Antwerp: The 36th World Diamond Congress (WDC) has opened in Antwerp, with Minister-President of Flanders, Kris Peeters, warning of the “catastrophic” impact that sanctions relating to the diamond industry could have. The Congress is the bi-annual meeting of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA). Talking of the huge role of the diamond
