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
GJF Asks Finmin to Rationalize Duty
New Delhi: The All India Gems and Jewellery Trade Federation (GJF) has asked the government to at least double the gap between the import duties on raw gold and finished product to protect domestic manufacturers stressed by various curbs on raw material sourcing from overseas. In a meeting with the finance minister, senior executives of the association demanded the government
2nd Annual Banking Summit Held by GJEPC
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) organized second annual Diamond, Gem & Jewellery Banking Summit-2014 on Saturday, 28th June 2014 in Mumbai. At the end of the Summit, a Work-Group was formed consisting representatives of India’s diamond sector, Banks and Export Credit Guarantee Corporation (ECGC) to suggest solutions to improve cordial relations among them. Delivering the inaugural
Stéphane Fischler Re-Elected President of AWDC
Antwerp: On Wednesday June 25, during the first meeting of the new Board of Directors of the Antwerp World Diamond Centre (AWDC) the Board members reelected Stéphane Fischler as President of the AWDC. The Board of Directors also appointed Kaushik Mehta as Vice-President, representing the trade, and Freddy Inzlicht as Vice-President representing the Bourses. In 2012, the by-laws of the
No Assurance from India on Easing Gold Curbs
Mumbai: A delegation of diamond traders and representatives of Gems and Jewellery Export Promotion Council (GJEPC) met the Union Finance Minister, Arun Jaitley recently, demanding relaxation in various rules relating to gems and jewellery industry. The Finance Minister, however, remained reluctant to give any assurance on the existing gold import’s 80-20 rule, which allows only nominated agencies to import gold
RJC Appoints Edward Asscher as Vice Chairman
New York: The Responsible Jewellery Council (RJC), the leading standards organisation of the global jewellery and watch industry, announced that its board of directors had appointed Edward Asscher as its Vice Chairman, and appointed Marianne Zani to its board. Each received unanimous approval by the board at its meeting in London on 6th October, the first in-person board meeting since
Gemfields to Auction Emerald Kafubu Cluster
Lusaka: Gemfields is offering the Kafubu Cluster emerald cluster weighing 37,555-gram (187,775 carats) at its ongoing emerald auction, with viewing and bidding closing on 17th November. Given its size and quality, it is likely that the Kafubu Cluster will be the most expensive single emerald piece ever sold by Gemfields. Discovered at the Kagem emerald mine in Zambia in March
India’s Q3 Gold Jewellery Demand +17% to 146.2 Tonnes
Mumbai: India’s gold demand for Q3 2022 grew 14% to 191.7 tonnes as compared to 168 tonnes in Q3 2021, according to the World Gold Council’s (WGC’s) latest Gold Demand Trends report. India’s total Q3 2022 gold demand in value terms was ₹85,010 crore, up by 19% as compared to Q3 2021 (Rs 71,630 crores). Mr. Somasundaram PR, Regional CEO, India, World
Sebi Bars Mehul Choksi for 10 Years
Mumbai: Sebi on Monday barred fugitive businessman Mehul Choksi from the securities markets for 10 years and imposed a fine of Rs. 5 crore on him for indulging in fraudulent trading in the shares of Gitanjali Gems Ltd. He has been directed to pay the penalty within 45 days, according to the Securities and Exchange Board of India (Sebi) order.
