We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
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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
GJEPC Flays Surat Diamantaires on Bourse Plan
Mumbai, 22nd May: The Gems and Jewellery Export Promotion Council (GJEPC), of India has criticized the move by some diamantaires in Surat to shift their Mumbai operations to the proposed Surat Diamond Bourse (SDB) in Surat, reports The Times of India. GJEPC chairman Vipul Shah said, “It is not the prerogative of 50 diamantaires to decide and win over others
GJEPC Mourns Demise of Kishandas Maheshwari
Mumbai: Mr. Kishandas Maheshwari, a leading light of the coloured gemstone industry and the Jaipur Region, and the Convener of the Coloured Gemstone Panel Committee of The Gem & Jewellery Export Council (GJEPC) is no more. He lost a well and bravely fought battle against cancer recently. Soft-spoken and unassuming, Maheshwariji, has had a long and strong association with the
Bunder Diamond Project in India to be Auctioned
Bhopal: Madhya Pradesh (India) government has decided to auction mining rights for the Bunder diamonds project in Chhattarpur district left mid-way by Rio Tinto in 2016, reports The Times of India. The state cabinet approved auction of diamond mines to companies based in Madhya Pradesh first and thereafter, mining firms from outside the state. “After exploration, the diamond reserves have
Forevermark Hosts Programme for Retailers
Mumbai: Forevermark, the diamond brand from De Beers Group, recently organised a customised programme on ‘Leading Business Transformation’ for their authorized retailers at the London School of Economics and Political Science (LSE) in Shanghai at the NYU Campus, one of the foremost social science universities in the world. Working with the London School of Economics and Political Science, Forevermark built
Rajesh Exports’ Profit Increases in 2018-19
(By Evaluate Research) Bengaluru: Rajesh Exports reported increased profitability for the financial year ended March 2019. For the full year, EPS increased by 2.1% to Rs.43.77 vs. Rs.42.87 in FY03/2018, while net profit also increased by 2.1% from Rs.12.6 bn in FY2018 to Rs.12.9 bn in FY03/2019. Reduction in finance costs by 18% to Rs.4.4 bn in FY2019 as compared
