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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De Beers & Namibia Reach Sales Agreement
Gaborone: The Government of the Republic of Namibia and De Beers announced agreement yesterday, in principle, on the terms of a new 10-year sales agreement for the sorting, valuing and sales of all of Namdeb Holdings’ diamonds (production from Namdeb and Debmarine Namibia). The agreement will be the longest sales contract ever agreed between the two partners. Namibia Diamond Trading
Sharp Fall in Precious Metal Prices
Shanghai: Gold, silver, and platinum were all trading at multiyear lows on July 20, with platinum going below the $1,000 benchmark and the price of gold trading at around $1,100. On the Shanghai Exchange yesterday, gold temporarily crossed the $1,100 benchmark to hit $1,088 an ounce, its lowest level since February 2010. At press time, the yellow metal’s spot price
Ranbir-Kat Seal Their Love with Platinum
Mumbai: The grapevine is buzzing across Bollywood with rumours of the current “IT” Couple Ranbir Kapoor and Katrina Kaif, who have recently sealed their bond of love with a platinum ring by Van Cleef & Arpel. Platinum rings are a popular choice amidst celebrity stars across the world, from Superstar George Clooney to sexy sirens Jessica Biel, Drew Barrymore, all
India’s Rough Imports Down 11% in June
Mumbai: Exports of gems and jewellery from India during June 2015 were down by 1.67% as compared to a year earlier due to weak global demand for diamonds and jewellery in almost all major markets. Total exports of gems and jewellery during the month stood at US$ 2,912.85 million as compared to US$ 2,962.42 million in June 2014, figures by
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
