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
De Beers Revises 2015 Production Guidance
Gaborone: Global diamond giant, De Beers Group, which is 85-percent owned by Anglo American, has revised its production guidance for 2015 to 29 million carats from 31 million carats. Anglo chief executive Mark Cutifani said the move was necessitated by a continuation of the market weakness of late 2014 during the first six months of the year that resulted in
Commodity Prices to Decline in 2015: World Bank
New York: The prices for all major commodities will like fall in 2015, the World Bank forecasted in its Commodity Markets Outlook report released on Wednesday. The bank projected that prices for precious metals, specifically gold, silver and platinum, will decline 9 percent in 2015 due primarily to reduced investment demand. The bank said that it expected gold prices to
India Grants Duty Exemption to Three Labs
Mumbai: Gem & Jewellery Export Promotion Council (GJEPC) has informed all diamantaires that the Central Board of Excise and Customs (CBEC), Government of India, has issued a notification granting duty exemption on cut & polished diamonds that are imported for the purposes of ‘grading or certification and re-export out of India’ to three laboratories operating within the country. The three
Value of India’s Gold Reserves Reduces By 44%
Mumbai: Gold free fall has wiped out 44% of the value of gold reserves with the Reserve Bank of India (RBI) compared with the peak levels in 2011, according to Firstpost. The report marks that at the recent five-year low of $1,072.35 per ounce on 20 July, the value of the RBI’s gold reserves plunged to about $21.1 billion, down
IIGJ Mumbai Opens Modern Campus to Power Industry Growth
Mumbai: The Indian Institute of Gems & Jewellery (IIGJ), Mumbai, took a significant leap forward in its journey of growth with the inauguration of its newly modernized, state-of-the-art campus. The launch marks a new chapter for the institute, reinforcing its role as a centre of excellence in gems and jewellery education, skill development, and innovation. The ceremony was graced by
Progress in Harmonization of Language used on Gemological Reports
Mumbai: The Laboratory Manual Harmonization Committee (LMHC) has reported significant progress towards its goal of achieving the harmonisation of language used on gemmological reports, following its latest meeting, which was hosted by the Swiss Gemmological Institute – SSEF, in Basel, Switzerland, in May. Following the meeting, LMHC members unanimously approved three new information sheets that standardise terminology and testing procedures, and
GJEPC Urges Finance Minister for Urgent Relief
New Delhi: India’s Gem & Jewellery Export Promotion Council (GJEPC) leadership, led by Chairman Mr. Kirit Bhansali, along with Vice Chairman Mr. Shaunak Parikh and Executive Director Mr. Sabyasachi Ray, met the Hon’ble Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman recently to seek urgent relief measures for the gem and jewellery sector, which has been severely impacted by
BDB Leadership Series Discusses Future of G&J Sector
Mumbai: The second edition of the Bharat Diamond Bourse (BDB) Leadership Series themed ‘Polishing Our Future’ concluded successfully with world renowned speakers attending the preparatory conference for the Gem and Jewellery Industry members. This was the third day of the three-day conference, the first two days dedicated to presentation of research papers by globally acclaimed scientists under the AGDRT (Advances
