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
Delegation from Botswana Visits BDB
Mumbai: Bharat Diamond Bourse (BDB) recently hosted His Excellency, Mr. Gilbert S. Mangole, the esteemed High Commissioner of Botswana, along with Mr. Dipopego Julius Tsheko, Trade Attaché, on a visit aimed at fostering bilateral ties and exploring opportunities in the diamond industry. The visit took place on July 24, 2024 and included a comprehensive tour of the facilities and interactions
G&J Sector Welcomes the Union Budget
New Delhi: The Gem & Jewellery Export Promotion Council (GJEPC), India’s apex trade body for Gems & Jewellery) hailed the first Union Budget of Prime Minister Mr. Narendra Modi 3.0 government presented by Finance Minister Smt. Nirmala Sitharaman for the seventh historic time as a game changer for the indigenous gem & jewellery industry. Hon. Finance Minister acknowledged that India
PGI Welcomes Reduction on Platinum Duty
New Delhi: India’s Finance Minister Ms. Nirmala Sitharaman, on July 23, announced a cut in custom duty on gold and silver to 6%. Additionally, the finance minister further informed the customs duty slash on platinum to 6.4%. “To enhance domestic value addition in gold and precious metal jewellery in the country, I propose to reduce customs duties on gold and silver to
Honouring the GEMS of the G&J Industry
Mumbai: The India International Jewellery Show (IIJS) Premiere will felicitate the luminaries of the Gems & Jewellery industry recognizing their outstanding contributions with their dedication and passion that not only elevated the industry but also inspired generations of craftsmen and entrepreneurs. Some celebrated names among them include Mr. Joy Alukka, Mr. Varghese Alukka, Mr. John Alukka, Mr. Paul Alukka, etc.
Lifetime Achievement Award for Stephen Lussier
New York: Jewelers of America (JA), the national trade association for businesses serving the fine jewelry marketplace, and the GEM Awards Committee announced that Stephen Lussier of De Beers, will be the recipient of the GEM Award for Lifetime Achievement at the 20th annual GEM Awards taking place on Friday, January 14, 2022, at Cipriani 42nd Street in New York
Gold Exchange Gets Clearance from Sebi
Mumbai: Sebi gave its nod to set up a Gold Exchange, which is expected to create a vibrant gold ecosystem in India commensurate with the country’s large share of global gold consumption. The capital markets regulator, the Securities and Exchange Board of India (Sebi), on September 28 came out with a series of significant guidelines. Sebi gave its nod to
Examining Impact of Online Trading on Pearl Sector
Milan: The COVID-19 pandemic has proven to be a watershed moment for jewellery’s pearl sector, as it has for most other parts of the industry, initiating changes that most probably are irreversible. The migration to online trading of loose pearls and pearl jewellery is certainly one of them. The pearl sector has always stood apart in the industry, and this
IGJS Dubai Scheduled from 11th-13th Oct. 2021
Mumbai: The astounding success of GJEPC’s IIJS Premiere in Bengaluru has energised and raised expectations of the exhibitors participating in the Council’s second physical show since covid, the International Gem & Jewellery Show (IGJS) Dubai, scheduled from 11th-13th October 2021. Mr. Colin Shah, Chairman, GJEPC, said, “We are grateful that the UAE government has granted permission to GJEPC to hold
