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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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40th IIJS Premiere Inaugurated in Mumbai
Mumbai: Hon. Governor of Maharashtra Mr. C. P. Radhakrishnan inaugurated 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) at the JIO World Convention Centre in Bandra Kurla Complex, Mumbai. Mr. Mangal Prabhat Lodha, Hon. Minister of
‘Indian Association for Gold Excellence and Standards’ Formed
Mumbai: The Indian gold industry has today announced the formation of the Indian Association for Gold Excellence and Standards (IAGES – pronounced as I-AAY-GES), a self-regulatory organisation (SRO) created by the Indian gold industry, for the Indian gold industry and supported by the World Gold Council. IAGES will aim at increasing consumer confidence and enhancing trust in the Indian gold
Discussion on Strengthening Indian Market for Natural Diamonds
Mumbai: De Beers and India’s Gem & Jewellery Export Promotion Council (GJEPC) held a meeting on 1st August in Mumbai to discuss strategies for bolstering the natural diamond market in India. The discussion centred around the need for education and awareness around natural diamonds. Ms. Shweta Harit, Global Senior VP, De Beers; Mr. Amit Pratihari, Vice President of De Beers
BDB Hosts Discussion on India’s Budget 2024
Mumbai: Bharat Diamond Bourse (BDB), hosted an insightful Knowledge Session on the implications of the INDIA Budget 2024 on the diamonds and jewellery businesses. The session featured esteemed speakers Mr. Rajendra IRS, former Member of the Income Tax Appellate Tribunal (ITAT) Mumbai, and CA Dr. Mitil Chokshi, Partner Chokshi & Chokshi a renowned tax consultant and advisor. The event was
UK Royal Mint Launches Gold Bar featuring Laxmiji
London: As the British-Indian diaspora gear up to buy gold on the auspicious occasion of Dhanteras, the UK’s Royal Mint has launched its first ever gold bullion bar to celebrate Diwali, reports The Times of India. The bar is engraved with an image of the Hindu goddess Lakshmi. The Lakshmi bar — which contains 20g of 999.9 fine gold with Lakshmi engraved into
India’s G&J Exports Grew by 17% in August 2021
Mumbai: The overall gross exports of Gems & Jewellery recorded a growth of 17% to Rs. 24239.81crore (+12.76% in dollar terms to US$ 3288.32 million) in the month of August 2021 as compared to the August 2019 figure of Rs. 20793.80 crore (US$ 2916.18 million). During April-August 2021, the overall gross exports of Gems & Jewellery witnessed a growth of 13.17% to Rs. 116503.64 crore (+7.41% in
Platinum Season of Hope Aims to Boost Demand
Mumbai: Following the success of its first edition in 2020, Platinum Guild International (PGI) brings back its month-long retail initiative, Platinum Season of Hope, from 8th October 2021 – 7th November 2021. As consumers transition into the new normal, once again, there is renewed vigor for marking those special moments in life. The festive and wedding season are expected to
IIJS 2021 Generates Business of $ 6.75 Billion
Mumbai: In more ways than one, the 37th edition of IIJS Premiere 2021, the flagship trade show held in Bengaluru by India’s Gem & Jewellery Export Promotion Council (GJEPC), revived the moribund economy, not just that of the gems and jewellery sector, but all the peripheral sectors associated with the organising of the show, including transport, hotels, retail, and restaurants.
