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
India Reduces Tariff Value on Gold
New Delhi: The India government recently reduced the import tariff value on gold to USD 425 per 10 grams due to falling international prices. On the other hand, the tariff value on silver was raised to USD 690 per kg. As on June 30, the tariff value on imported gold stood at USD 428 per 10 grams and silver at
Silver Price to be Set by New System
London: The London silver price mechanism will now be set via an electronic, auction-based mechanism administrated by CME Group and Thomson Reuters, according to a statement from the London Bullion Market Association. The new mechanism was chosen because it is electronic, “auction-based and auditable and tradable with an increased number of direct participants,” the LBMA said in a statement. CME
De Beers Boosts Q2 Diamond Output
Gaborone: De Beers increased its output 7 percent year on year to 8.515 million carats in the second quarter of the year. The group was targeting an output of between 30 million and 32 million carats this year. Anglo American, which owns 85 percent of the diamond group, said in a statement that the increase was mainly due to higher
GJEPC Launches 'Jewellers for Hope' Campaign
Mumbai: For the first time, the Gems and Jewellery Export Promotion Council (GJEPC) has initiated its first edition of ‘Jewellers for Hope’ campaign, a CSR activity with an objective to build a CSR fund that will be used to support various social causes. A charity dinner has been hosted by the GJEPC in Mumbai’s Grand Hyatt on Friday for the
Fourteen Diamond Cos. Moving into New PGJC
Panama: With construction of the Phase I building of the Panama Gem & Jewelry Center now complete, companies are presently taking up their allocated offices in the facility, with the building a hive of activity of carpenters, fitters and furniture delivery men. Among the 45 multinational firms that will be moving in over the coming days are 14 of the
GII to Provide Diamond Detection Resource Center
Mumbai: Gemmological Institute of India (GII) a project of Gem & Jewellery Export Promotion Council (GJEPC), has established the Diamond Detection Resource Center (DDRC) with the help of Bharat Diamond Bourse (BDB) and GJEPC. The aims and objectives of the DDRC is to identify and certify Synthetic diamonds and help the industry with the necessary information related to the Synthetic
Gems & Jewellery to Come Under 'Make In India’
New Delhi: Government is likely to expand the scope of ‘Make in India’ programme by including five more sectors like gems and jewellery to boost growth in the manufacturing sector. The government has identified 25 sectors, including pharmaceuticals, automobiles, textiles, aviation, mining, chemicals, which have potential to make India a leader in their respective fields. “Five more sectors are expected
WDCI Concludes with Positive Note
New Delhi: The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of gems and jewellery trade in India, in association with the Ministry of Commerce and Industry, GOI and World Diamond Mark Foundation (WDMF) organized the first ever-global congregation of Diamond leaders in India at the “World Diamond Conference” in New Delhi on December 11 and 12, 2014
