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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GJEPC Celebrates Silver Jubilee of its Kolkata Office
Kolkata: The Gem & Jewellery Export Promotion Council (GJEPC), India’s apex trade body sponsored by the Union Ministry of Commerce & Industry, celebrated the Silver Jubilee (25th) anniversary of Eastern Regional Office in Kolkata. Mr. Vipul Shah, Chairman, GJEPC, Mr. Kirit Bhansali, Vice Chairman, GJEPC, Mr. Sabyasachi Ray, ED, GJEPC, Mr. Pankaj Parekh, Regional Chairman, Eastern India, GJEPC, Mr. Suvankar
Reena Ahluwalia Inducted into Hall of Fame
Mumbai: In a glittering celebration of excellence, the gem and jewelry industry bestowed its highest honor upon Reena Ahluwalia at the prestigious IIJS Signature 2025 Show. The Hall of Fame induction, considered the pinnacle of recognition in the jewelry and diamond industry, celebrates a lifetime of achievement and contribution. The Hall of Fame recognition was awarded by Gem and Jewellery Export
PNG Jewellers Records 24% YoY Growth in Q3
Mumbai: PNG Jewellers announced that it has witnessed a consolidated YoY growth of around 24% in Q3 FY25, driven by a strong increase in same store sales growth, festive demand in Dussehra, Diwali and the wedding season. During Q3 FY25, the retail segment saw a YoY revenue growth of around 42% as compared to Q3 FY24. The franchise segment experienced
India Revises Nov Gold Import Data by $5 Billion
New Delhi: The India Government has revised downwards the gold import data for November to $9.8 billion, a sharp reduction from the earlier announced figure of $14.8 billion, according to data from the Directorate General of Commercial Intelligence and Statistics (DGCI&S) released on Wednesday. The $5 billion revision is attributed to a ‘calculation error’ caused by the alleged double counting
93 Israeli Cos. to Participate in March HK Show
Ramat Gan: The Israeli Diamond Industry is preparing a major presence at HKTDC’s Hong Kong International Diamond, Gem & Pearl Show this March. The Israel Diamond Pavilion, organized by the Israel Diamond Institute Group of Companies (IDI), will host 93 companies. There will also be 10 Israeli companies exhibiting in other locations throughout the show. Among the Israeli exhibitors there
PC Jeweller Buys Azva Brand from WGC
Mumbai: Listed jewellery firm PC Jeweller Ltd has acquired bridal jewellery brand Azva from the World Gold Council (WGC) for an undisclosed amount, as per a stock market disclosure, reports vccircle.com. The acquisition has been routed through one of its wholly-owned subsidiaries. Launched in 2012 by WGC, Azva Is derived from the Sanskrit word ‘ashvaa’ and was India’s first concept-based
Zim Orders Diamond Miners to Halt Operations
Harare: At a press conference earlier yesterday, the government of Zimbabwe has given all diamond mining companies in Marange a 90-day ultimatum to remove equipment after ordering them to halt operations with immediate effect for rejecting a proposal to consolidate the sector, Mines Minister Walter Chidhakwa said after announcing that their licences had also expired. The consolidation saga started last
IIDGR to Launch Grading Service in New Markets
Gaborone: The De Beers Group of Companies yesterday announced that its International Institute of Diamond Grading & Research (IIDGR) has launched its grading service in the Far East, Middle East, India and Europe. Following an initial pilot testing of the service in the Far East, IIDGR will now also provide a grading service from each of its laboratories in Belgium,
