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
NY DDC Opens India Diamond Week
New York: The Diamond Dealers Club (DDC) of New York, in conjunction with the Gem & Jewellery Export Promotion Council (GJEPC), greeted yesterday close to 100 exhibitors at its first India Diamond Week on the DDC’s trading floor in Manhattan. DDC’s president, Reuven Kaufman, is creating a renaissance of the diamond trading floors by welcoming diamantaires from India, the manufacturing
Global & Indian Firms Interested in Surat Bourse
Surat: Diamond companies from Belgium, Dubai, Israel and Hong Kong are interested in joining the proposed Surat diamond exchange and have applied for membership, according to Dinesh Navadiya, president of the Surat Diamond Association (SDA), reports The Economic Times. The proposed exchange, is likely to be almost as large as Mumbai’s Bharat Diamond Bourse (BDB), and the government is in
India May Restore Tax Benefits to Mfg SEZs
New Delhi: The Indian Government is examining the possibility of restoring tax benefits for a handful of manufacturing special economic zones, while continuing to tax the rest to minimize revenue losses, reports BusinessLine. “As exports from manufacturing SEZs, excluding gems & jewellery and petroleum, account for just 10 per cent of total SEZ exports, exempting them from taxes would not
PDE and IBGM Sign MOU
Panama: Brazil’s leading jewelry industry association, Instituto Brasileiro de Gemas e Metais Preciosos (IBGM), will be taking up residence in the Phase 1 building of the Panama Gem & Jewelry Center when it opens later this year. The announcement follows the signing of a Memorandum of Understanding between the Panama Diamond Exchange and IBGM in Sao Paulo during the Feninjer
Narendra Modi Inaugurates SDB
Surat: India’s Prime Minister Mr. Narendra Modi inaugurated the Surat Diamond Bourse (SDB) today in Surat, Gujarat. Before the program, the Prime Minister also visited Panchtatva Garden, viewed the Green Building of Surat Diamond Bourse & SPINE-4, and signed the visitor booklet. Earlier in the day, the Prime Minister had also inaugurated the new terminal building at Surat Airport. Addressing
Choose Platinum Evara for Your Party Seasons
Mumbai: The end of the year is a time of celebration, joy and holiday cheer. Be it family gatherings, festive lunches and dinners with friends, weddings, office Christmas parties or even a glamorous New-Year Eve, it is a time to celebrate various occasions with your loved ones. It is also the perfect time to elevate your style and make a
IIJS Signature ’24 Now Expands to Dual Venues
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has successfully enlisted the IIJS Signature 2024 Exhibition under the “Procurement and Marketing Support” scheme of the Ministry of MSME. The scheme provides financial assistance to micro and small enterprises for participating in domestic and international trade fairs and exhibitions. As a result, the eligible exhibitors can now avail themselves of
WGC Releases Report on India’s Gold Market
Mumbai: The World Gold Council (WGC) has published a new report titled ‘India Gold Market – Reform and growth’. The report explores the key factors that shape India’s gold demand and supply, as well as the challenges and opportunities for the future. The report updates the previous WGC report from 2017, ‘India’s Gold Market – evolution and innovation’, which highlighted
