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 Global Losses & Firmer Rupee, Indian Gold & Silver Held Their Floors
Macro Snapshot: The selling that pushed both metals lower in the week ending 25 September came from the American bond market rather than from any bullion-specific news. S&P Global’s flash survey on 23 September put its composite output index at 58.4, the strongest reading since July 2021, with services at 58.7 and manufacturing at 56.7. On the same morning, Federal Reserve Governor Michael Barr said further policy adjustments were likely to be needed to return inflation to target. A poorly
Despite Global Losses & Firmer Rupee, Indian Gold & Silver Held Their Floors
Macro Snapshot: The selling that pushed both metals lower in the week ending 25 September came from the American bond market rather than from any bullion-specific news. S&P Global’s flash survey on 23 September put its composite output index at 58.4, the strongest reading since July 2021, with services at 58.7 and manufacturing at 56.7. On the same morning, Federal Reserve Governor Michael Barr said further policy adjustments were likely to be needed to return inflation to target. A poorly
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AWDC is Aware of The Impact of Closing of ADB
Antwerp: The Antwerp World Diamond Centre (AWDC) is aware of the impact of the closing down of the Antwerp Diamond Bank. Sound and reliable financing are a critical factor for a successful diamond trade in Antwerp, AWDC said. It is making all possible efforts to guarantee a sustainable solution and is in constant consultation with ADB. As a result, a
Stable Trade Figures for Antwerp Diamond Sector
Antwerp: The trade figures of the Antwerp diamond sector for the month of September remained stable. Both the import and export figures of rough diamonds hover around the same values. This was less so the case for polished diamonds, but more expensive goods were being traded compared to the first nine months of last year. Following a traditionally slower month
PNG Devotes itself to Swachh Bharat Abhiyan
Mumbai: Going by the words of Hon. Prime Minister of India Narendra Modi “India can do it. People of India can do it” the young and enthusiastic team of P. N. Gadgil Jewellers moved on to streets and worked towards a clean India as part of Swacchh Bharat Abhiyan, a national level campaign by Government of India. Having 12 stores
India Planning Diamond Hub in Mumbai
New Delhi: The government is discussing a plan to set up a special zone with tax benefits for diamond import and trading in Mumbai, to try and develop the country’s financial capital as a rival to Antwerp and Dubai, which are currently trading hubs for the precious stone, reports The Times of India. Commerce & industry minister Nirmala Sitharaman held
New Device Grades Fancy Colored Diamonds
London: A new device can color-grade both fancy colored diamonds as well as diamonds with secondary hues, says a release from manufacturer ImaGem. The device uses data from thousands of samples to derive its grades for fancy colored stones, says Dr. Lalit K. Aggarwal, chairman of ImaGem, which manufactures the device. The device, called the GL3200, can “identify which stones
WDC Warns against Trading Diamonds with CAR
New York: The World Diamond Council has issued a warning that, despite the Administrative Decision of the Kimberley Process of May 23, 2013, which ordered the temporary suspension of trading in diamonds from the Central African Republic (CAR), production of diamonds in that country is continuing and there is evidence of diamonds from the CAR reaching the markets. The WDC
Entries Invited for Artisan Awards
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has been recognizing and rewarding the best in jewellery design. The Artisan celebrates the highest levels of artistry, innovation and individuality, elevating jewellery designers to their rightful status of artists. The Artisan jewellery Design Awards 2014 invites India’s finest jewellery designers to push their design boundaries and reveal their utmost creativity
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
