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 Is a Widening Gulf War Lifting Oil but Sinking Gold and Silver?
Macro Snapshot: The week ending 30 October brought the kind of news that once sent buyers into gold. Reuters reported the first known successful limpet-mine strike on a tanker in the Strait of Hormuz since the war began in February, and Houthi forces claimed strikes on Saudi refineries. Washington ordered non-emergency government staff out of Saudi Arabia amid reports that US strikes on Iran could resume after the 3 November midterm elections. Brent rose 13.6% over October, with the expiring
Why Is a Widening Gulf War Lifting Oil but Sinking Gold and Silver?
Macro Snapshot: The week ending 30 October brought the kind of news that once sent buyers into gold. Reuters reported the first known successful limpet-mine strike on a tanker in the Strait of Hormuz since the war began in February, and Houthi forces claimed strikes on Saudi refineries. Washington ordered non-emergency government staff out of Saudi Arabia amid reports that US strikes on Iran could resume after the 3 November midterm elections. Brent rose 13.6% over October, with the expiring
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Plain Gold Jewellery Exports Grow Post India-UAE CEPA
Mumbai: For the period of April–December 2022, the overall gross exports of Cut & Polished diamonds (CPDs) declined 1.24% to ₹132,075.47 crores (fell 7.67% in dollar terms to US$ 16,625.45 million) as compared to ₹133,737.22 crores (US$ 18,006.79 million) for the same period last year. The Ukraine-Russia conflict has started to affect the Cut & Polished Diamond exports that has
Organised Jewellery Retailers’ Revenue to Rise 23-25%
Mumbai: Revenue of organised gold jewellery retailers, which had a growth spurt of 36% last fiscal on a low base of the pandemic-marred fiscal 2021, will maintain the glimmer in 2022 with 23-25% growth as volume grows on pent-up demand and recovery in discretionary spending, and realisations inch up, CRISIL Ratings said. Next fiscal, however, growth will moderate to 8-12%,
Saiyam Mehra is New Chairman of GJC
Mumbai The All India Gem & Jewellery Domestic Council (GJC), the national apex body of the gems and jewellery industry has appointed Mr. Saiyam Mehra as Chairman and Mr. Rajesh Rokde as its Vice Chairman for a period of two years (2023-24). The list of other newly elected directors of GJC has been uploaded on the company website www.gjc.org.in Mr Saiyam Mehra known for his vision to create benchmarks in the business of gold jewellery has been closely associated with GJC for the past many
Gold Prices Likely to Rise towards 62000 per 10 Gram
Mumbai: Demand for gold in 2023 is likely to rise due to geopolitical uncertainty coupled with the looming risk of recession, according to ICICI Direct Research. Historically, gold as an asset is considered to be safe as it typically manages to retain or appreciate its underlying value in times of turbulence. “Gold prices are likely to rise mainly on the
5th ‘CARATS’ Show from 12th July
Surat: Surat Diamond Association is all set to host the highly anticipated 5th edition of CARATS Surat Diamond Expo. The exhibition is organized by Surat Diamond Association (SDA), a non profit organization on a mission to expand the diamond industry in Surat by giving it exposure to the Indian and overseas markets. In an event that promises to sparkle with
Transition Period for Revised SoW Ends Soon
New York: The World Diamond Council’s (WDC) revised System of Warranties is set to reach its first critical deadline on September 21, 2024, when it becomes obligatory for all rough diamond sales. The global mechanism created by the organization helps companies provide assurance that the goods they are trading are in alignment with the Kimberley Process Certification Scheme (KPCS), by
India’s Plain Gold Jewellery Exports Grew by 61%
Mumbai: For the FY 2023-24,exports of Plain Gold Jewellery surged by an impressive 61.72% to US$ 6792.24 million as compared to US$ 4199.96 million in FY 2022-23. “Total Gold jewellery (plain & studded jewellery), which experienced a 10.47% decline between April 2023 to September 2023, rebounded strongly in the latter half of the year, achieving a growth of 46.91%.” The UAE emerged as a significant market for plain
Turkish Role in Development of Jewellery’s Heritage
Milan: Gaetano Cavalieri, President of the World Jewellery Confederation (CIBJO), has highlighted the foundational role played by the Turkish people over thousands of years in the development of the jewellery arts and tradition. Visting Istanbul as a guest of the Turkish Jewellery Exporters’ Association and its President, Burak Yakin, he spoke both at the opening of the “Art For Jewellery
