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
Guatemala BSM Opens New Doors for Exports
Guatemala: GJEPC along with the Embassy of India in Guatemala successfully conducted a hybrid Buyer-Seller Meet (BSM) to promote Indian gems and jewellery in the Central American market. The event held on 24th June was graced by His Excellency Dr. Manoj Kumar Mohapatra, Ambassador of India to Guatemala, who delivered the welcome address, and Mr. Ramesh C. Khulbey, Head of Chancery
GJEPC Presents Pre-Budget Recommendations
New Delhi: India’s GJEPC Chairman Mr. Vipul Shah presented key recommendations for the gem & jewellery trade at yesterday’s pre-budget meeting with Union Finance Minister Mrs. Nirmala Sitharaman. Mr. Shah said, “The Indian gems and jewellery industry contributes around 10% to India’s total merchandise exports. However, the industry is currently facing some challenges due to the geopolitical scenario, the emergence
Sanctions: EU Extends Sunrise Period
Antwerp: European Union (EU) is extending the “sunrise period” for the traceability of sanctioned Russian diamonds by six months, and allowing trade in “grandfathered stock” – goods imported before restrictions were imposed. Both announcements were made yesterday as part of its 14th package of sanctions, according to the AWDC (Antwerp World Diamond Centre), which has been calling for concessions. The
IIJS Premiere Gets Exhibition Excellence Awards
Mumbai: It was a Proud moment for India’s Gem & Jewellery Export Promotion Council (GJEPC) when the India International Jewellery Show (IIJS) Premiere received Exhibition Excellence Awards on 21st June 2024 in Mumbai. “IIJS Premiere 2023” won two awards 1) Top Sourcing Show of India – Winner and 2) India’s Grand Show -1st runner’s up. The winner awards were received
Diamond Output to be 25% Below Pre-Pandemic Levels
Moscow: Alrosa said revenue in Q3 2021 amounted to RUB 77 billion, down 18% quarter-on-quarter (qoq) driven by a 20% lower diamond sales volumes and changes in the sales mix. This was partially offset by a higher price index (+10% qoq). The company’s Q3 revenue grew 55% year-on-year due to the low base of Q3 2020 (rough diamond sales of
India's Policy will Make India Gold Trading Hub: GJEPC
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) has been spearheading brainstorming and multi stakeholder discussions at structural policy reforms of India’s bullion sector. It helped the Govt. to understand the opinion of the stakeholders from three previous editions of its annual India Gold & Jewellery Summit (IGJS). In the backdrop of the same, the 4th edition of IGJS
Russia, Belgium Sign MoU on KP Certificates
Moscow: Russia and Belgium signed a memorandum of understanding (MoU) on the electronic exchange of the Kimberley Process (KP) Certificates. The signing took place on the sidelines of the KP Plenary session, attended by the Federal Customs Service of Russia and the Federal Public Service Economy of Belgium. The memorandum will accelerate the turnover of diamond products between business partners
KL Rahul Presented "The League of Platinum Men"
Mumbai: Putting the team before personal glory, reaching out to a rival player, being a pillar of strength to a nervous debutant, on the cricket pitch, choices are made at every moment. Choices that don’t just decide the fate of the game, but determine the values and strength of character of the players. These are the moments of truth in every game. They
