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
New UK Guidelines to Boost Ethical Sourcing of Jewellery
London: New guidelines in the UK are set to help boost ethical sourcing of jewellery. The recommendations from the government are to make retailers and producers aware of human rights abuses that take place in their supply chains. Gold, diamonds and other precious stones and metals are often sourced from areas in Africa and South America where labourers face appalling
GJEPC Had Successful Diamond Week in New York
Mumbai: The Diamond Dealers Club (DDC) and the Gems & Jewellery Export Promotion Council (GJEPC) have praised the success of the first India Diamond Week held at the bourse last week. The DDC said that “significant business transactions and new connections were made on the DDC’s trading floor by U.S. and overseas participants”. “The four-day exhibition, following on the heels
India's Gold Curbs Likely to Stay Till Next Year: WGC
Mumbai: Indian gold demand in 2014 will fall below last year’s record levels as import restrictions are expected to remain in place, despite an improvement in demand in the second half of the year, the World Gold Council (WGC) said. Indian demand in 2014 will be 850-950 tonnes, the industry body said, down 50 tonnes from its earlier forecast. China’s
Global Gold Jewellery Demand Sank by 30%
London: U.S. demand for gold jewelry rose 15 percent in the second quarter of 2014, even as overall worldwide demand took a nosedive, according to the World Gold Council’s latest report on the sector. The increased U.S. demand was fueled by lower price points and increased consumer confidence, as well as the fashion business increasingly using yellow gold, says Alistair
Gemfields’ May Emeralds Auction Sets Record
Mumbai: Gemfields sold 208,990 carats of high-quality emeralds mined at its 75%-owned Kagem Mine in Zambia for total auction revenues of $35 million. The stones were sold at an average price of $167.51 per carat. It said the 48 auctions of Kagem gemstones held since July 2009 have generated just above $1 billion in total revenues. “We are very pleased
India Pavilion at JCK Las Vegas 2024
Las Vegas: The Gem & Jewellery Export Promotion Council (GJEPC) organised India Pavilion at the 2024 JCK Las Vegas trade show, continuing its presence at this key event for the 19th consecutive year. Scheduled from 31st May to 3rd June 2024, at the Sands Expo & The Venetian, this year’s event promises to be a spectacular showcase of the finest
Lab Grown Threat to Botswana Economy
Gaborone: Lab grown diamonds (LGDs) are a threat to Botswana’s economic lifeblood, says the country’s president Mokgweetsi Masisi. He was speaking to reporters on 29th May, ahead of the first phase in a $6bn project to extend the life of Jwaneng, its flagship diamond mine. “If lab grown diamonds take our space, then you and I are finished,” he said.
GJEPC Expanding Market Horizons in LAC
Mumbai: As part of their mission, the GJEPC delegation recently visited Panama to assess market needs, identify business opportunities, and network with industry associations and leading companies. The aim is to solidify India’s presence in the Latin America and Caribbean (LAC) region’s gems and jewellery sector and encourage greater participation in international trade events. During their visit, the Indian Ambassador
