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
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GJF Announces Day-Long Interactive Workshop ‘Labham’
Mumbai: The All India Gems and Jewellery Trade Federation (GJF) and all major G&J Trade Associations, has announced the first-ever educational ‘Labham’ programme on 1st June 2014 in Rajkot onwards for all jewellers, manufacturers, traders and other constituents of the G&J businesses in and around Rajkot. It will be held in Chennai on 10th June and in New Delhi on
Gold Prices May Decline to Rs 24,000 by Diwali
Mumbai: Following the Reserve Bank easing the 20:80 gold import norms, India Bullion & Jewellers Association (IBJA) said gold prices are likely to fall to Rs 23,000-24,000 per 10 grams by Diwali as it also expects the Customs duty reduction in the forthcoming Budget, reports The Freepress Journal. “RBI’s easing of 20:80 gold import norms is positive for the gems
CIBJO and Fairtrade International Sign MOU
Moscow, 23rd May: CIBJO and Fairtrade International have signed a Memorandum of Understanding according to which Fairtrade commits to working with CIBJO and its member organizations to improving certified Fairtrade gold supplies to the jewellery markets and members of CIBJO-associated organisations, and CIBJO commits to facilitating and encouraging its members to adopt and integrate fairtrade gold and metals into their
RBI Allows Private Agencies to Import Gold
Mumbai: The Reserve Bank of India (RBI) yesterday eased tough gold import rules by permitting seven more private agencies to import the yellow metal. It is a measure that industry officials say could increase supplies and reduce premiums in the peak wedding season. Gold imports by India, the world’s No. 2 bullion consumer after China, could quickly rise from current
G2J EXCLUSIVE: Empowerment of Women in Latin American Jewelry Industry
Panama: A discernable tendency within the Latin American jewelry industry over the past decade has been growing involvement of women at the design, manufacturing and business levels. But while their numbers have grown steadily in the sector, they have been less successful in breaking the glass ceiling in management and the board room. The role and empowerment of women in
PGI Achieves 24% Sales Growth in India
Mumbai: Platinum Guild International (PGI) today announced the result of its third annual Retail Barometer. This research is conducted by a 3rd party agency, StratWon Business Consulting. The Retail Barometer gives a unique view of platinum demand from the retail sales perspective and trade sentiment for the forthcoming year. The research survey covered over 21 retail companies, with approximately 310
2% Increase in De Beers' Diamond Prices
Gaborone: De Beers put up prices of its rough stones for the first time in more than a year as it detects rising demand for its goods. The miner raised prices by up to 2% at its latest sight taking place this week, according to three people familiar with the process cited by Bloomberg Business. The value of the sale
GJEPC Meets India’s Commerce Minister
New Delhi: A meeting was held under the chairmanship of Smt. Nirmala Sitharaman, Hon’ble Minister of State (Independent Charge) for Commerce & Industry on 5th April, 2016 to address the current challenges faced by various export industries. The meeting was attended by representatives of the various Export Promotion Councils and related associations who made representations on the support expected from
