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
Top News
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
Thangamayil Jewellery, Receives IAGES Accreditation
Madurai: Gold buyers in Tamil Nadu can now purchase their favourite precious metal with complete trust and transparency from Thangamayil Jewellery Limited (TMJL), one of the most recognized chain of jewellery stores in the state. TMJL has officially received its IAGES accreditation, further cementing its commitment to serve its consumers in the most ethical, responsible and sustainable manner. The Indian
Russia to Levy 8% Duty on Rough from Sep.
Moscow: The Russian government has announced that it will impose an 8% export duty on rough diamonds weighing between 0.45 carats and 10.8 carats, as well as on special-size diamonds exceeding 10.8 carats, effective September 1, 2026. The new duty will apply to rough diamonds in weight categories that are considered economically viable for domestic cutting and polishing. Russia had
GJEPC Urges Simpler Path to Gold Monetization
Mumbai: India’s gold monetization efforts must focus on simplicity, trust and convenience if the country is to unlock the vast stock of idle household gold, said Khushboo Ranawat, Regional Chairperson – West, and Member – National Exhibitions, GJEPC, during a panel discussion at the ‘India’s Gold Revolution: Monetization, Tokenization & Financial Transformation’ seminar organized by the Bombay Chamber of Commerce &
Artisan Awards 2024 on 12-13 Feb
Mumbai: Come and fall in love with Design once again this Valentine’s Day! The Year’s biggest Wearable Artworks & Crafts Design Fest will be celebrated at The Gem & Jewellery Export Promotion Council’s Artisan Design Jewellery Awards 2024 on 12-13 February at the Ice Factory, Ballard Estate in South Mumbai. Among many design themes, ‘Jewellery as Art’ will take centre-stage
GJEPC Welcomes Interim Budget
New Delhi: India’s Finance Minister (FM) Ms. Nirmala Sitharaman yesterday presented Union Budget 2024 in Parliament. This is an interim budget as it came just ahead of the General Elections. No changes were announced in the tax slabs in both old and new regime. This was Nirmala Sitharaman’s sixth Union Budget. The full-fledged budget will be presented by the new government that
India’s Gold Demand in 2023 Declined by 3%
Mumbai: The World Gold Council’s (WGC) Gold Demand Trends report reveals that annual gold demand (excluding OTC) fell to 4,448t in 2023, down just 5% from a notably strong 2022. When factoring in demand from the OTC markets and other sources, total demand climbed to a new annual record at 4,899t. Investment from this more opaque source of demand supported
GJC Seeks Customs Duty Reduction in Budget
Mumbai: All India Gem & Jewellery Domestic Council (GJC), a national apex body for the gems & jewellery industry, has urged the Union Finance Minister Nirmala Sitharaman to withdraw the Basic Customs Duty on gold and also GST on the gems & jewellery industry. In the pre-budget recommendation 2024-25, the apex body has submitted an exhaustive list of recommendations for
