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 $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
Top News
IIJS Premiere ’24 Spurs Record 12 Bln.$ Business
Mumbai: One of the world’s largest gem & jewellery B2B shows – India International Jewellery Show (IIJS) Premiere 2024 organized by India’s apex trade body, The Gem & Jewellery Export Promotion Council (GJEPC) set a new staggering record by generating a staggering USD 12 billion of business over 6 days. Showcasing “Brilliant Bharat” theme this year, IIJS Premiere 2024 (the
Recognizing Young Talents in 40 Under 40
Mumbai: 40 Young and bright talents of the gem and jewellery industry were awarded at 40 under 40 in the 40th edition of IIJS PREMIERE. This was the second batch of 40 under 40. The initiative recognizes the outstanding achievements of these young talents who are revolutionizing the gem and jewellery landscape through technological innovations and dynamic visions. The Show
De Beers Called off its August Sight
Gaborone: In yet another sign of the diamond market’s troubles, De Beers has called off the sight it scheduled for August and is combining it with the one that had been planned for October. The new merged sight will take place Sept. 23-27. That means De Beers will have nine allocations this year instead of its traditional 10, though a
Mumbai to Get Bigger Exhibition-Convention Centre
Mumbai: A new bigger Exhibition & Convention Centre in Mumbai and ‘Smart Manufacturing’ will be included in the new Industrial Policy of Maharashtra, which will be announced in September 2024, announced Dr. Harshdeep Kamble, IAS, Principal Secretary (Industries) Govt. of Maharashtra, at the India International Jewellery Show (IIJS) Premiere show organized by the Gem & Jewellery Export Promotion Council (GJEPC).
Gargi by PNGS Records 76.07% Surge in Sales
Pune: PNGS Gargi Fashion Jewellery Ltd. (Gargi), a leading name in the fashion jewelry industry, has clocked a stellar financial performance for the financial year from April 2023 to March 2024. It has reported a substantial increase in annual sales, up 76.07% to Rs 50.48 crore, compared to Rs 28.67 crore in the preceding year. Looking at the full-year performance,
Platinum Love Bands for Your Summer Wedding
Mumbai: As we enter the summer wedding season, draw inspiration from your favourite celebrities when it comes to engagement ring choices. Celebrities worldwide have long favoured engagement rings set in platinum for their memorable “I Do” moments as this naturally white metal is renowned for its elegance, durability, and timeless appeal. From A-list actors to music sensations, these celebrities have embraced platinum
GJEPC Organized InnovNXT, Forty Under 40 Leadership Summit
Mumbai: Indian diamond jewellery market will grow to US$ 17 bn by 2031 out of India’s total gem & jewellery of US$ 120 bn from $ 79 bn in 2021. 2024 is likely to be a record year for gold mine production and jewellery demand will be firm but vulnerable to gold prices. These interesting nuggets were revealed through several compelling
Global Gold Demand Stays Strong: WGC
Mumbai: The World Gold Council’s (WGC) Q1 2024 Gold Demand Trends report reveals that total global gold demand (inclusive of OTC purchases) was up 3% year-on-year to 1,238t, marking the strongest first quarter since 2016. Demand excluding OTC fell 5% to 1,102t in Q1 compared to the same period in 2023. Healthy investment from the OTC market1 , persistent central
