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
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WGC Releases Report on India’s Gold Market
Mumbai: The World Gold Council (WGC) has published a new report titled ‘India Gold Market – Reform and growth’. The report explores the key factors that shape India’s gold demand and supply, as well as the challenges and opportunities for the future. The report updates the previous WGC report from 2017, ‘India’s Gold Market – evolution and innovation’, which highlighted
Platinum Love Bands-a Celebration of Rara Love
Mumbai: Amidst the winter wonder and holiday magic, PGI’s Platinum Love Bands introduce an exclusive collection tailored for winter weddings, encapsulating the essence of those defining moments in a relationship. As the year winds down, couples can commemorate shared laughter, being each other’s greatest supporters, and overcoming challenges together with these exquisite platinum bands. In the season of festivities and
GJEPC Secures Grant For Micro & Small Exhibitors at IIJS Signature ’24
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has successfully enlisted the IIJS Signature 2024 Exhibition under the “Procurement and Marketing Support” scheme of the Ministry of MSME. The scheme provides financial assistance to micro and small enterprises for participating in domestic and international trade fairs and exhibitions. As a result, the eligible exhibitors can now avail themselves of
India to Resume Rough Imports from 15 Dec
Mumbai: The Indian gem & jewellery industry announces that the voluntary suspension of rough diamond imports, which was in effect from 15th October to 15th December 2023, will be lifted on 15th December 2023. The suspension was a collective decision taken by the Indian diamond industry, represented by the GJEPC, Bharat Diamond Bourse (BDB), Mumbai Diamond Merchants Association (MDMA), Surat
Platinum Sales Increased by 22% in Q4, 2022
Mumbai: Platinum continued to enjoy strong demand from Indian consumers in the October – December quarter, resulting in a rise of 22% in retail sales in Q4 2022. Powered by the wedding season and festive season sales, PGI’s strategic partners sustained strong growth momentum in sales for platinum jewellery demand. Customer preference for platinum jewellery and subsequent sales has picked
Membership of India's GJEPC Grows to 9000
Mumbai: The total number of members of the Gem and Jewellery Export Promotion Council (GJEPC), the apex body of Gem & Jewellery trade in India, has grown to 9000 members, its highest ever, registering a 38% increase as compared to 6,500 members in 2021. Mr. Vipul Shah, Chairman, GJEPC said, “The Council attributes this milestone to the leadership and continued
Rio Tinto to Proceed with Diavik’s A21 Pipe
YELLOWKNIFE, Canada: Rio Tinto has approved a $40-million investment in the first phase of underground mining below the existing A21 open pit at its Diavik Diamond Mine in the Northwest Territories of Canada. Based on the updated mine plan and production schedule including the A154N and A154S pipes, and subject to approval of the second phase of the A21 underground
De Beers 2022 Revenues Rise 18% To $6.6 Billion
London: De Beers’ total revenue for the full year 2022 increased 18% to $6.6 billion compared with $5.6 billion in 2021. Rough diamond sales in value terms grew 22% to $6.0 billion versus $4.9 billion in 2021, reflecting strong demand for rough diamonds, particularly in the first half of the year, with the midstream replenishing stocks following strong consumer demand
