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
IMF Urges Zimbabwe to Boost Transparency
Harare: The International Monetary Fund (IMF) stated that Zimbabwe remains committed to implementing the policies and reforms that were agreed to with an IMF-monitored program and to stay engaged with international financial institutions. The program marked its first anniversary this month and while the IMF suggested a number of guidelines to stabilize Zimbabwe’s economy, the organization also concluded that the
Russia's Rough Exports Increased by 21.5% in 1Q
Moscow: Russia’s natural rough diamond exports increased 21.5 percent on the year to 12.01 million carats in the period from January to March, the Finance Ministry said on Monday. Diamond imports dropped 2.6 times in carat terms to 8,040 carats. In monetary terms, Russia’s diamond exports rose 20.6 percent to $1.41 billion while imports halved to $16.5 million, PRIME reports.
Raise Import Payment Credit to 180 Days: GJEPC
New Delhi: With expectations running high from the first budget of the Narendra Modi government at the Centre, a delegation of diamond traders and representatives of Gems and Jewellery Export Promotion Council (GJEPC) today met the Union Finance Minister, Arun Jaitley in New Delhi demanding relaxation in various rules relating to gems and jewellery industry. However, gold importers may feel
Suresh Shah New VP of IDMA
Antwerp: With the wrap-up of the 36th World Diamond Congress, the International Diamond Manufacturers’ Association (IDMA) concluded its meetings with the election of its officers. Maxim Shkadov was unanimously re-elected for a second term as IDMA President and Ronnie VanderLinden and Stephane Fischler were re-elected as Secretary General and Treasurer, respectively. IDMA Vice President Edward Asscher, who was recently elected
PGI Expects 50% Growth Rate in India: Pallavi Sharma
Mumbai: Ms. Pallavi Sharma, the visionary Business Director of Platinum Guild International, India (PGI) recently spared some time from her busy schedules to talk to gems2jewellery.com (G2J) about the platinum jewellery growth and PGI’s future business strategy in India. Ansering a query by gems2jewellery.com, Ms. Sharma said, “Within the cluttered jewellery market in the country, PGI has successfully created an incremental
India's Gold Jewellery Exports on Growing Path
Mumbai: India’s exports of plain gold jewellery gained traction post the India-UAE Comprehensive Economic Partnership Agreement (CEPA), as reflected by the increase in gem & jewellery exports since the agreement came into force on 1st May 2022. In the month of July 2022, the total gross export of Plain Gold Jewellery grew 24.22% to Rs. 2591.67 crores (16.28% in dollar
GJEPC Organises First-Ever SEZ G&J Conclave
Mumbai: Gem and Jewellery Export Promotion Council (GJEPC), the apex body of the gem & jewellery trade in India, organised its first-ever SEZ Gems & Jewellery (G&J) Conclave – Vision 2025 on 23rd August 2022, with the aim of boosting exports from SEZs across the country. The event was inaugurated by Shri Shyam Jagannathan (I.A.S.), Zonal Development Commissioner, SEEPZ, Mumbai;
Rajesh Exports Registers Good Results in Revenues
(Report by Evaluate Research) Bengaluru: Rajesh Exports reported flattish results, both in terms of revenues as well as profits, for the fiscal first quarter (ended in June, 2022), which is perhaps a decent outcome given global economic uncertainties. Revenue decreased fractionally by 2.8% YoY to Rs.495 bn vs. Rs.509 bn in Q1 FY2022. The stability in the price of gold
