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
India's G&JExports Down 20% in April
Mumbai: India’s gems & jewellery exports slumped for a fourth consecutive month in April, owing to weak global demand and seasonal adjustments. Data compiled by the Gems and Jewellery Export Promotion Council (GJEPC) showed these exports plunged 20 per cent to $1,979 million in April from $2,476 million in the corresponding month last year. These exports started falling in January,
April-May Platinum Jewellery Sales Up 30% in India
Mumbai: Platinum jewellery purchase has outpaced gold during the initial two months of the current fiscal year. The platinum jewellery sales during April to May this year surged higher by 30% over the previous year. The strong growth in sales was primarily driven by sharp plunge in platinum prices relative to gold and growing demand for bridal jewellery and chains.
2,000-year-old pearl found in Western Australia
Perth: Archaeological excavations undertaken by the University of Wollongong (UOW) and the University of New England (UNE) on the north Kimberley coast of Western Australia have led to the discovery of a 2,000-year-old natural marine pearl, UOW said in a media release. The Brremangurey Rockshelter in the Admiralty Gulf contains over 12,000 years of Indigenous history, including shell middens and
12th Edition of Jovella Opens on June 30
Tel Aviv: The 12th edition of JOVELLA, Israel’s international jewelry and diamond exhibition, will be held on June 30 – July 1, 2015 at Tel Aviv’s Trade Fairs and Convention Center. JOVELLA, the leading event of the jewelry industry in Israel, offers both domestic and foreign buyers an opportunity to explore Israel’s diamond and jewelry industries, to meet some of
GJF Asks Finmin to Rationalize Duty
New Delhi: The All India Gems and Jewellery Trade Federation (GJF) has asked the government to at least double the gap between the import duties on raw gold and finished product to protect domestic manufacturers stressed by various curbs on raw material sourcing from overseas. In a meeting with the finance minister, senior executives of the association demanded the government
2nd Annual Banking Summit Held by GJEPC
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) organized second annual Diamond, Gem & Jewellery Banking Summit-2014 on Saturday, 28th June 2014 in Mumbai. At the end of the Summit, a Work-Group was formed consisting representatives of India’s diamond sector, Banks and Export Credit Guarantee Corporation (ECGC) to suggest solutions to improve cordial relations among them. Delivering the inaugural
Stéphane Fischler Re-Elected President of AWDC
Antwerp: On Wednesday June 25, during the first meeting of the new Board of Directors of the Antwerp World Diamond Centre (AWDC) the Board members reelected Stéphane Fischler as President of the AWDC. The Board of Directors also appointed Kaushik Mehta as Vice-President, representing the trade, and Freddy Inzlicht as Vice-President representing the Bourses. In 2012, the by-laws of the
No Assurance from India on Easing Gold Curbs
Mumbai: A delegation of diamond traders and representatives of Gems and Jewellery Export Promotion Council (GJEPC) met the Union Finance Minister, Arun Jaitley recently, demanding relaxation in various rules relating to gems and jewellery industry. The Finance Minister, however, remained reluctant to give any assurance on the existing gold import’s 80-20 rule, which allows only nominated agencies to import gold
