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 Global Losses & Firmer Rupee, Indian Gold & Silver Held Their Floors
Macro Snapshot: The selling that pushed both metals lower in the week ending 25 September came from the American bond market rather than from any bullion-specific news. S&P Global’s flash survey on 23 September put its composite output index at 58.4, the strongest reading since July 2021, with services at 58.7 and manufacturing at 56.7. On the same morning, Federal Reserve Governor Michael Barr said further policy adjustments were likely to be needed to return inflation to target. A poorly
Despite Global Losses & Firmer Rupee, Indian Gold & Silver Held Their Floors
Macro Snapshot: The selling that pushed both metals lower in the week ending 25 September came from the American bond market rather than from any bullion-specific news. S&P Global’s flash survey on 23 September put its composite output index at 58.4, the strongest reading since July 2021, with services at 58.7 and manufacturing at 56.7. On the same morning, Federal Reserve Governor Michael Barr said further policy adjustments were likely to be needed to return inflation to target. A poorly
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DDE’s Peter Meeus Hits Back at PAC Claims
Dubai: Dubai Diamond Exchange Chairman Peter Meeus replied to what he called “serious allegations” made by Partnership Africa Canada about Dubai at the Kimberley Process (KP) Intersessional meeting taking place in Shanghai. “First of all we were surprised to see that Mr. Martin quoted an FAFT (Financial Action Task Force) report on ML/TF (Money Laundering/Terrorism Financing) of 150 pages in
Israel Exchange to Create Code of Ethics
Ramat Gan: In what appears to be a ground-breaking move for a diamond bourse, the Israel Diamond Exchange (IDE) has begun moves to create a code of ethics by which its members would be expected to operate. At a meeting at the bourse, IDE President Shmuel Schnitzer and management members discussed the creation of such a code with Israeli experts
China’s Jewellery Sales Accounted for 41%
Beijing: Mainland China is a major jewellery consumer in the world. According to the recently released China Jewellery Industry Report, 2013-2016, last year jewellery sales in Chinese Mainland approximated $75.8 billion, which is equivalent to 41.2 % of the global consumption. In Mainland China, the gold jewelry consumption accounts for about 50% of the total jewellery consumption. In 2013, two
Gold Smuggling in India May Fall to 50 Tonnes
Mumbai: Going by the seizures of gold which has increased four times in 2013-14, intelligence agencies have estimated gold smuggled in the country around 50 tonnes in 2013-14 which is way lower from the estimated by the World Gold Council (WGC), reports The Business Standard. WGC had estimated nearly 200 tonnes of gold entered India unofficially. Trade circles have been
UK-Ireland Jewellery Industry Unite Over Ethics
London: Industry leaders from the major trade associations and buying groups in the UK and Ireland have come together to take a lead on issues of ethics and corporate social responsibility in the jewellery industry by backing the work of the Jewellery Ethics Committee UK (JEC-UK). At a designer-maker evening event organized by JEC-UK at the Goldsmiths’ Centre on Thursday
India Needs More World-Class Gold Refineries
Mumbai: At the two-day seminar organized by the India Bullion and Jewellers Association (IBJA), experts were of the opinion that Indian household, which has total holding of around 25,000 tonnes of gold, needs more gold refineries for monetizing and attracting foreign direct investment (FDI) in the sector. India continues to be a major consumer of gold, importing on average 600
Indian Bullion Trade Asso. to Retail Gold, Silver
Mumbai: India’s bullion trade body, India Bullion and Jewellers Association Ltd. (IBJA), has entered into retailing of gold and silver coins and bars, reports resourceinvestor.com. This is the first time that IBJA has entered into bullion trading. The association will source gold from overseas and local gold suppliers. The coins will range between 1 gram and 1,000 grams and will
Put Gold to Work for Economy: WGC
Mumbai: Gold should be put to work for the Indian economy, creating jobs, developing skills, generating exports and revenues, the World Gold Council (WGC) said on Saturday unveiling its Vision 2020 for the industry, reports The Times of India. “Our vision for gold is that it should be put to work for the economy, creating jobs, developing skills, generating exports
