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 $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
Top News
Resilient Performance by India’s Jewellery Sector
Mumbai: India’s gems and jewellery sector continues to demonstrate resilience and growth, as highlighted by the latest export performance data for the period of April to May 2024. The overall gross exports of Gems & Jewellery during this period amounted to US$ 4691.58 million (Rs. 39123.07 crores), showcasing a commendable performance. While this reflects a slight decline of 5.94% (-4.56%
GJEPC Leaders Meet New Ministers to Discuss Industry Issues
New Delhi: The leadership team of the GJEPC, including Chairman Mr. Vipul Shah, Vice Chairman Mr. Kirit Bhansali, Executive Director Mr. Sabyasachi Ray, along with Policy Advisor Ms. Monika Mohta, held a meeting with the Honourable Finance Minister, Smt Nirmala Sitharaman today, 13th June. The GJEPC delegation congratulated the Finance Minister on her efforts and discussed pressing issues and challenges currently
DMCC CEO Holds Productive Talks with GJEPC
Mumbai: Mr. Ahmed Bin Sulayem, the Executive Director & CEO of DMCC met with Mr. Vipul Shah, Chairman of GJEPC and Mr. Kirit Bhansali, Vice Chairman of GJEPC, in a meeting held at the GJEPC head office in Mumbai on 12th June. Mr. Shah extended a warm welcome to Mr. Ahmed Bin Sulayem and his team including Special Advisor – Precious
Bruce Cleaver is the New Chair of Gemfields
Mumbai: Gemfields has announced changes to the Board, due to take effect on 1 July 2024, following a broad search for both a new Chair and Non-Executive Directors. Appointment of Bruce Cleaver as Chair and Independent Non-Executive Director: Bruce Cleaver will join Gemfields’ Board as Chair and Independent Non-Executive Director on 1 July 2024. Bruce will also become Chair of
Big Jump in LGD Sales in the US
New York : Two thirds of jewelers now sell lab grown diamonds (LGDs), says a survey of over 600 independent retailers across the United States and Canada. That figure is up from just 10 per cent five years ago, according to Instore, the US magazine for the jewelry industry, which commissioned the survey. More than half (56 per cent) said the
Stop Ongoing Flow of Conflict Diamonds: KPCSC
Johannesburg: The Kimberley Process Civil Society Coalition (KPCSC), which acts as an observer of the Kimberley Process on behalf of civil society, has demanded action from members of the diamond mining and jewellery industries to stop the ‘ongoing flow of conflict diamonds’.It said following a webinar held on 20 October that there are four key actions the industry can take
IIJS Signature 2022 from 6th Jan at a New Venue
Mumbai: After the tremendous success of IIJS Premiere in Bengaluru in September 2021, the Gem & Jewellery Export Promotion Council (GJEPC) now announces the dates and venue for the 14th edition of IIJS Signature. The show will be held from 6th to 9th January 2022 at JIO World Convention Centre (JWCC), a prestigious new exhibition space in Mumbai. IIJS Signature
Antwerp Renews MoU with DRC
Antwerp: Antwerp, led by umbrella organization AWDC, yesterday welcomed the new minister of mines of the Democratic Republic Congo, Mrs Antoinette N’Samba Kalambayi and the General Directors of the Ministry’s two main diamond institutes, the CEEC and SAEMAPE, on a working visit to Antwerp. The delegation was welcomed first by the AWDC leadership, before embarking on an extensive tour of
