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
Top News
Reports about Diamond Discount Baseless: GJEPC
Mumbai: The GJEPC issued a strong rebuttal of media reports that Indian diamond companies were offering discounts of between 5 % to 20% as a fall-out of the closure of the Antwerp Diamond Bank (ADB) saying that the reports were “not only false but also baseless with news being reported without substantial understanding of the functionary guidelines of bank’s trade
Tendulkar Presents Cricket Kits to Kids on Behalf of Jewellers For Hope
Mumbai: Iconic cricketer Sachin Tendulkar today presented complete cricket kits to six children suffering from life threatening medical conditions on behalf of Jewellers for Hope and Make a Wish Foundation, India. The presentation took place at the residence of the cricketing legend on October 9. Colin Shah and Ashish Kothari represented the Jewellers for Hope and Deepak Bhatia, CEO attended
Zimbabwe Diamond Conference from 6th Nov 2014
Harare: The Second Zimbabwe Diamond Conference to take place next month will present the progress made by the country’s diamond industry following its admission as a member of the Kimberley Process Certification Scheme (KPCS) in 2011. The inaugural Zimbabwe Diamond Conference took place at Victoria Falls in November, 2012. The importance to the global diamond industry of the developing Zimbabwe
GJEPC Urges Gujarat Govt. For Trade Facilitation
Surat: A delegation under the leadership of Shri Vipul Shah, Chairman GJEPC met Mr. Saurabh Patel, Hon. Minister of Finance, Government of Gujarat to represent the Diamond trade issue on 8th October, 2014. The delegation consisted of Shri Chandrakant Sanghavi, Regional Chairman, Gujarat, Shri Ajesh Mehta, Co-Convenor, Diamond Panel Committee of GJEPC, Shri Aagam Sanghavi, Chairman, IDI, Shri Sabyasachi Ray,
Barclays Fined $44 Million over Gold Fix
London: British authorities have fined Barclays, one of five banks that sets the price of gold each day in the London fix, nearly $44 million after a former trader improperly influenced the price-setting mechanism, reports jckonline.com. The British Financial Conduct Authority said that, in 2012, Daniel James Plunkett, a director on the bank’s precious metals desk, placed certain orders meant
GJF Announces Day-Long Interactive Workshop ‘Labham’
Mumbai: The All India Gems and Jewellery Trade Federation (GJF) and all major G&J Trade Associations, has announced the first-ever educational ‘Labham’ programme on 1st June 2014 in Rajkot onwards for all jewellers, manufacturers, traders and other constituents of the G&J businesses in and around Rajkot. It will be held in Chennai on 10th June and in New Delhi on
Gold Prices May Decline to Rs 24,000 by Diwali
Mumbai: Following the Reserve Bank easing the 20:80 gold import norms, India Bullion & Jewellers Association (IBJA) said gold prices are likely to fall to Rs 23,000-24,000 per 10 grams by Diwali as it also expects the Customs duty reduction in the forthcoming Budget, reports The Freepress Journal. “RBI’s easing of 20:80 gold import norms is positive for the gems
CIBJO and Fairtrade International Sign MOU
Moscow, 23rd May: CIBJO and Fairtrade International have signed a Memorandum of Understanding according to which Fairtrade commits to working with CIBJO and its member organizations to improving certified Fairtrade gold supplies to the jewellery markets and members of CIBJO-associated organisations, and CIBJO commits to facilitating and encouraging its members to adopt and integrate fairtrade gold and metals into their
