We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
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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
Top News
From London to Athens, GJEPC Builds New Export Opportunities
London: Representing India’s gem & jewellery industry (G&J), the Gem & Jewellery Export Promotion Council (GJEPC) Vice Chairman Mr. Shaunak Parikh joined the high-level business delegation led by India’s Commerce & Industry Minister Mr. Piyush Goyal to the UK and Greece. In the UK, GJEPC championed the industry’s priorities as the India–UK FTA paves the way for gem & jewellery
Candere Announces Smriti Mandhana as its New Brand Ambassador
Mumbai: Candere, the lifestyle jewellery brand from the House of Kalyan Jewellers, has announced celebrated Indian cricketer Smriti Mandhana as its new brand ambassador. Joining Shahrukh Khan as the face of the brand, Smriti’s association marks a significant step in Candere’s journey to strengthen its connect with young, modern Indian consumers. One of India’s most accomplished cricketers, Smriti has built
GJEPC Urges RBI to Ease Banking Norms to Boost G&J Exports
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has urged the Reserve Bank of India (RBI) to introduce a series of banking and regulatory reforms to strengthen the competitiveness of India’s gem and jewellery (G&J) exports. The Council’s recommendations focus on improving exporters’ access to working capital, reducing compliance bottlenecks, streamlining banking procedures and creating a more facilitative regulatory
GJEPC Highlights Key Policy Priorities at Meeting with CIM
New Delhi: India’s Gem & Jewellery Export Promotion Council (GJEPC) highlighted the industry’s key policy priorities during a meeting chaired by Mr. Piyush Goyal, the Union Minister of Commerce & Industry, with Export Promotion Councils (EPCs) and industry associations in New Delhi on 24 June to review the Export Promotion Mission (EPM). Ashish Borda, Convenor – PMBD, GJEPC, and Sabyasachi
India’s Gold Jewellery Demand to Rise 10% in 2015
Mumbai: According to independent rating agency ICRA, India’s gold jewellery demand next year is expected to touch $32 billion, rising 10%, Diamond World reports. This prediction is being linked to the progressive consumer sentiments. The agency notes that demand could rise in volume terms following the Indian government’s decisions to lift the 80:20 gold import rule, a more positive outlook
Modi Assures of a ‘Road Map’ to “Make In India”
New Delhi: In a day-long workshop on ‘Make in India’ held on 29th December 2014, the Indian Prime Minister Mr. Narendra Modi assured Indian industries of a ‘Road Map’ and wished to change the culture of the government to one where Responsibility, Ownership, Accountability, Discipline are the norms. The Prime Minister also said that Human Resource Development, Innovation and Research
GJEPC’s Investment-plans for Make in India
New Delhi: On the heels of the recently concluded World Diamond Conference, a highly successful and globally appreciated conclave, Gems & Jewelry Export Promotion Council (GJEPC), the apex body of gems and jewellery exports in India, presents a memorandum outlining the 1 year and 3 year action plan for the gem and jewellery sector. The memorandum is a conclusive action
No De Beers Office in India
Mumbai: De Beers, the global diamond mining company, says it has no plan to open a trading office in India. “The auction sales customers in India are serviced out of either Dubai or Antwerp,” said a spokesperson, to a Business Standard query. The Gems and Jewellery Export Promotion Council (GJEPC) had been pressing the central government to declare a large
