We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors
Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000
Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors
Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000
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India's Gold Jewellery Exports on Growing Path
Mumbai: India’s exports of plain gold jewellery gained traction post the India-UAE Comprehensive Economic Partnership Agreement (CEPA), as reflected by the increase in gem & jewellery exports since the agreement came into force on 1st May 2022. In the month of July 2022, the total gross export of Plain Gold Jewellery grew 24.22% to Rs. 2591.67 crores (16.28% in dollar
GJEPC Organises First-Ever SEZ G&J Conclave
Mumbai: Gem and Jewellery Export Promotion Council (GJEPC), the apex body of the gem & jewellery trade in India, organised its first-ever SEZ Gems & Jewellery (G&J) Conclave – Vision 2025 on 23rd August 2022, with the aim of boosting exports from SEZs across the country. The event was inaugurated by Shri Shyam Jagannathan (I.A.S.), Zonal Development Commissioner, SEEPZ, Mumbai;
Rajesh Exports Registers Good Results in Revenues
(Report by Evaluate Research) Bengaluru: Rajesh Exports reported flattish results, both in terms of revenues as well as profits, for the fiscal first quarter (ended in June, 2022), which is perhaps a decent outcome given global economic uncertainties. Revenue decreased fractionally by 2.8% YoY to Rs.495 bn vs. Rs.509 bn in Q1 FY2022. The stability in the price of gold
SBI Formalises Policy to Finance LGD Manufacturers
Mumbai: State Bank of India (SBI) is the first Indian lender to frame a policy to fund manufacturers (cutters & polishers) of lab-grown diamonds (LGDs) that are replicas of naturally mined stones. LGDs are often looked at with suspicion by high-street banks and scoffed at by many traditional diamantaires, says a report in Economic Times. Reflecting the slow shift in
WDC & KP Sign an MOU
Antwerp: Edward Asscher, President of the World Diamond Council, and Vice Minister Wei Chuanzhong, Chair of the Kimberley Process, signed a Memorandum of Understanding in Antwerp on Friday, May 23, formalizing the agreement for 2014 between the two organizations, according to which WDC finances and operates the Administrative Support Mechanism (ASM) on behalf of the Kimberley Process. The ASM provides
ALROSA Expects 5-Percent Growth in Rough Prices
Moscow: ALROSA expects that global rough prices will go up by 5% in 2014 over the last year, according to the ITAR-TASS report from St. Petersburg. This was disclosed to journalists on the sidelines of the St. Petersburg International Economic Forum by Fyodor Andreev, President of ALROSA. “We reckoned on a growth rate of 5%. I think it is achievable,”
Zimbabwe Orders Miners to Sell Gems through RBZ
Harare: The cash-strapped ruling ZANU PF government has issued an order to all diamond miners in the country to sell their gems through the Reserve Bank of Zimbabwe (RBZ). The permanent secretary in the Ministry of Mines, Francis Gudyanga, reportedly wrote a letter to the companies explaining that the central bank will use the diamonds to secure a government loan.
Antwerp Hosts WDC and KP Chair
Antwerp: The Antwerp World Diamond Centre (AWDC) welcomed the Kimberley Process (KP) Chair, His Excellency Wei Chuanzhong, Vice-Chair Bernardo Campos and the Mr. Edward Asscher, President of the World Diamond Council (WDC) for the purpose of renewing the Memorandum of Understanding (MoU) on the KP Administrative Support Mechanism (ASM). In 2012, the KP Plenary designated the World Diamond Council through
