We Wish to Build Globally Relevant SKY Gold: Akash Talesara
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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
Gem Diamonds Posts 54% Jump in Revenue in H1
London: Gem Diamonds Limited reported its revenue rose 54 percent to $148.9 million in the half year ending June 30. The miner reported attributable profit of $19.7 million, up 129 percent from a year earlier. “Excellent financial performance with significant growth in revenue, strong cash flow further enhancing the balance sheet and [the firm is] on track to consider declaring
LDB Launches Platform for Member Inventory
London: London Diamond Bourse members can now search goods from fellow members in the latest unveiling on their website. This exciting initiative is the latest development in the London Diamond Bourses passage into enhancing membership value. Victoria McKay, the bourse’s chief operating officer, said, “It’s a radical move to enhance and dovetail with the traditional ‘trading across tables’ method by
Antwerp Posts Solid Trade Figures in July
Antwerp: July continued to mark a stable month for the Antwerp diamond sector. A modest decrease was only seen in in the volume of imported polished diamonds, compared to July 2013. The rough diamond trade continues to fare well. In comparison with July of last year, the volume of exported diamonds rose by 1,22%, which translates to a volume increase
DDC Makes Award to Pankaj Parekh
New York: The incoming chairman of India’s Gems & Jewellery Export Promotion Council (GJEPC), Pankaj Kumar Parekh, was presented with an award by Reuven Kaufman, president of the Diamond Dealers Club, and Eli Izhakoff, WFDB and DDC honorary president, at a reception in honor of the first India Diamond Week in New York, reports idexonline. Parekh was recognized for his
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
Forevermark Diamond Jewellery Launched in India
New Delhi: Forevermark Diamond Jewellery from De Beers Group, the world’s leading diamond company, officially launched as a jewellery brand yesterday. India becomes the lead market for the Forevermark brand with a landmark brand debut and flagship store opening in New Delhi. The opening of the flagship New Delhi store marks a significant milestone in Forevermark’s journey of bringing its
