We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
A Surging Rupee Tripled Gold’s Global Loss in India as Silver Broke Down
Macro Snapshot: The Reserve Bank of India changed the domestic arithmetic before trading opened on 12 October. On 10 October it announced a special window to meet the entire daily dollar requirement of Indian Oil, Bharat Petroleum and Hindustan Petroleum directly from its reserves, taking a large block of import demand out of the spot market. The central bank also tightened rupee derivative rules, imposing a 20% Foreign Exchange Risk Reserve on eligible contracts above $2 million and barring the
A Surging Rupee Tripled Gold’s Global Loss in India as Silver Broke Down
Macro Snapshot: The Reserve Bank of India changed the domestic arithmetic before trading opened on 12 October. On 10 October it announced a special window to meet the entire daily dollar requirement of Indian Oil, Bharat Petroleum and Hindustan Petroleum directly from its reserves, taking a large block of import demand out of the spot market. The central bank also tightened rupee derivative rules, imposing a 20% Foreign Exchange Risk Reserve on eligible contracts above $2 million and barring the
Top News
GJF Expresses Deep Anguish over Union Budget
Mumbai: Indian gems and jewellery Industry is extremely disappointed with the Union Government Budget Proposals as the finance ministry did not consider their plea of reducing the import duty component on gold and also abolish the stringent 80:20 norms. “The union finance minister Mr. Arun Jaitley has ignored the plight of the trade in spite of several representation and meetings
No Solace in Budget for India's Jewellery Sector
Mumbai: India’s Finance Minister Mr. Arun Jaitley has not given any relaxation in his first budget today as far as import duty on gold is concerned, within 45 days of forming of the Narendra Modi government. Mr. Jaitley surprised bullion markets by keeping the import duty on gold and silver unchanged at 10% in his fiscal budget, a move likely
RJC to Hold Session at IIJS Educational Program
Mumbai: The Responsible Jewellery Council (RJC) will be taking part in the educational program of the July 17-21 India International Jewellery Show (IIJS). The program, organized by the Gem & Jewellery Export Promotion Council (GJEPC), and sponsored by Gemological Science International (GSI), will host a series of industry experts during the four day educational series entitled Spectrum Seminar – Innovate
Myanmar Sells $3bn in Gems
Naypyidaw: Myanmar’s annual gem emporium took in more than $3 billion this year, the most ever for the country’s annual sale of gems and jade, organizers said Tuesday. Income reached $3.4 billion and saw the successful auction of 6,007 of 7,454 jade lots, 126 out of 436 gem lots and 224 of the total 342 pearl lots, they said. “This
Hatton Garden Robbers’ Gang Sentenced to Jail
London: Two of the ringleaders of the Hatton Garden heist yesterday thanked the judge as he jailed them for an audacious £14million gem raid that he said stood ‘in a class of its own,’ reports Daily Mail. ‘Diamond wheezers’ Terry Perkins, 67, said ‘thank you sir’ and Daniel Jones, 61, ‘thank you judge’ as the pair were each sentenced to
GJEPC Urges Govt. to Withdraw Duty on Jewellery
Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) stated that the imposition of 1% excise duty on jewellery (other than plain Silver jewellery) by the Government of India in Union Budget 2016-17 is not in the interest of the industry. GJEPC Chairman has already approached the Government to initiate meetings with the Finance Minister and Officials of the Finance
Platinum – A Choice for the Modern Women
Mumbai: This International Women’s Day, pay tribute to the indomitable spirit of women hood with Platinum. Precious, eternal and elegant this metal personifies the innate strength of a modern woman. What better than platinum to show your love and gratitude to the women in your life. Be it your mother, wife, partner, sister or daughter, platinum is something that she
Okavango to Host Rough Diamond Viewing at IDTC
Mumbai: Okavango Diamond Company (ODC) announced that it is set to hold rough diamond viewings at the India Diamond Trading Center (IDTC). The viewings at the Bharat Diamond Bourse (BDB) will take place in parallel with regular ODC viewings in the Botswana capital, Gaborone. The company will show an assortment of stones, which will be offered for sale at the
