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
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RBI Increases Gold Loan Availability
Mumbai: The Reserve Bank of India (RBI) has eased rules for gold loans. Those who are seeking loan against gold can now get up to 85% of the gold value as a loan, up from 75%. This new Loan-to-Value (LTV) cap applies to total loan amounts up to ₹2.5 lakh, including interest. For example, if your gold is worth ₹1
De Beers Launches ‘Ombré Desert Diamonds’ Jewellery Beacon
Las Vegas: De Beers Group yesterday unveiled compelling new downstream propositions focused on driving desire for natural diamonds as a category and on differentiating polished diamonds sourced from De Beers Group, according to a press release published on the Group’s website. At the annual JCK Las Vegas Show – the largest jewellery event in the global calendar – De Beers
SAJEX ’25:Where the World of Luxury Jewellery Unites
Jeddah: SAJEX 2025 is the definitive B2B jewellery exhibition, bringing together the finest jewellers, designers, manufacturers, and industry leaders from around the world. As the premier trade platform in Saudi Arabia, SAJEX 2025 serves as a gateway to the thriving Middle Eastern jewellery market, fostering business opportunities, innovation, and global collaborations. Explore Sajex- 2025, the world gem and jewellery fair
RBI Cuts Repo Rate by 50 BPS
Mumbai: The Reserve Bank of India (RBI) today announced its second bi-monthly monetary policy of FY26. The RBI Governor Mr. Sanjay Malhotra-led Monetary Policy Committee (MPC) decided to cut the repo rate by 50 basis points (bps) to 5.50% from 6.00% earlier. This is RBI’s third consecutive repo rate cut. The MPC also decided to change the policy stance to
IDE to Help Turkey Develop Diamond Industry
Ramat Gan: The Israel diamond industry is planning to help Turkey advance its diamond sector, according to reports in the Israeli press. Globes quoted Israel Diamond Exchange (IDE) senior vice president Jacob Katten as saying, “If we don’t help the Turks in this area, there are more than a few countries that will be glad to do it, including India
Cartier to Open Second Boutique in India
New Delhi: Cartier, the luxury jewellery and watchmaker which currently has a boutique in New Delhi, is considering a second boutique in India. The company is looking for the right business model to make the most of the huge future potential in the country, according to a report in Economic Times. “India is a very important market and we have
Global Diamond Jewellery Demand +3% in '14
Gaborone: According to De Beers’ latest Diamond Insight March 2015, released on Thursday, global demand for diamond jewellery grew by 3% in 2014, touching “a new $81 billion high”. This was as against global sales worth US$ 79 achieved in 2013. “The data showed that there was positive growth in consumer demand for diamond jewellery in local currency terms in
ABN AMRO Bank NV to Re-Enter India
Mumbai: European entity ABN AMRO Bank has applied to the Reserve Bank of India (RBI) for setting up operations in India, primarily for financing the gems and jewellery sector. The regulator has given it an ‘in-principle’ nod to establish a wholly-owned subsidiary in India, reports Business Standard. Globally, ABN AMRO offers financial services to the diamond and jewellery sector through
