We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
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Cen. Bank Gold Demand to Rise in 2025: WGC
Mumbai: More than eight in ten (81%) of respondents have indicated that they expect reserve managers will continue to increase their gold holdings in the next 12 months, according to new data released by the World Gold Council (WGC). This is the highest ever recorded since its 2019 annual survey. The 2024 Central Banks Gold Reserves (CBGR) survey, which collected
PM Vishwakarma Training Program for Jewellery Artisans at IIGJ Udupi
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) launched the PM Vishwakarma Training Program at Indian Institute of Gem & Jewellery (IIGJ), Udupi (Mangalore, Karnataka) in an endeavour to empower the artisans of the gem and jewellery industry and enhancing their skills and productivity. Participants of the program will receive a toolkit valued at ₹15,000 from the Government of
Govt. Clarifies Re-Import Rules for Unsold Jewellery at Exhibitions
New Delhi: India’s Ministry of Commerce & Industry has issued a crucial clarification concerning the re-import of unsold jewellery exported for exhibitions under specific conditions outlined in the Handbook of Procedure, 2023. This announcement follows recent amendments to the import policy for certain jewellery items. The Directorate General of Foreign Trade (DGFT), Department of Commerce, Ministry of Commerce & Industry,
7th Platinum BSM on 4th & 5th July
Kochi: Platinum Guild International (PGI)-India has organized the highly anticipated 7th edition of its prestigious flagship event, the Platinum Buyer-Seller Meet (BSM) in Kochi. The marquee event will be held on 4th and 5th of July 2024, bringing together 16 official platinum jewellery manufacturers and leading names in retail jewellery business under the PGI programme. Renowned for its focus on design and
Foundation Ceremony of SDB now on 15th Feb
Surat: Foundation stone ceremony of the proposed Surat Diamond Bourse (SDB) now has been postponed on 15th February. Earlier the ceremony was scheduled to be performed on 8th February. The ceremony will be performed, as declared earlier by Gujarat Chief Minister Mrs. Anandiben Patel in presence of 20,000 invited people. Around 12,000 diamond merchants of which 5,000 are from Mumbai
Angola, U.S. Pledge to Enforce KP Core Principles
New York: Angola and the United States have pledged to work together to enforce the core principles of the Kimberley Process (KP) to ensure that diamond revenues do not contribute to violence, but instead to peace and prosperity. Angola was the current KP chair. “The United States reaffirmed its support for Angola’s chairmanship of the Kimberley Process,” reads a joint
HK’s Jewellery Sales Dip 16.3% in Dec 2014
Hong Kong: Retail sales of jewellery, watches and clocks, and valuable gifts in Hong Kong dropped 16.3 percent in December last year to HK$9.6 billion ($1.23 billion) compared with the same period in 2013, according to the Census and Statistics Department of Hong Kong. Year-on-year accumulative retail sales of this sector dipped 13.7 percent to HK$102.09 billion ($13.2 billion) from
India Reclaims Top Spot as Gold Consumer
Mumbai: India is back to being the number one consumer of gold, knocking China off the top of the podium as the country that consumed the most bullion in the form of gold bars, coins and jewelry, in 2014. The latest update of the annual study by GFMS of world gold supply and demand found that sliding demand from China
