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
Assets Worth Rs. 19,111 of Defaulters Attached
New Delhi: The Indian government on Tuesday said assets worth ₹19,111 crore relating to fugitives Vijay Mallya, Nirav Modi and Mehul Choksi, have been attached so far. In a written reply to the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary said that the three fugitives have defrauded public sector banks by siphoning off funds through their companies resulting
Alrosa to Shut Down its US Office
New York: Alrosa is to close its US office by the end of next month, in the wake of Russia’s invasion of Ukraine and the subsequent sanctions on diamond imports. News of the closure comes just days after Rebecca Foerster stood down as president of the Alrosa USA operation, citing “the geopolitical situation”. The miner’s New York office first opened
India' Gold Production Can Reach 20 Tonnes a Year
Mumbai: The World Gold Council (WGC) recently launched a report titled ‘Gold Mining in India’, as part of a series of in-depth analysis on the Indian gold market. The report highlights how India has a rich heritage of gold mining, but the industry’s growth has been hampered by legacy processes and under-investments. Despite India being one of the world’s largest consumers of gold,
Eyal Shirazy is Appointed ED of GET-Diamonds
Antwerp: The World Federation of Diamond Bourses (WFDB) announced today that Eyal Shirazy has been appointed Executive Director of GET-Diamonds, its global B2B trading platform for polished diamonds. Yoram Dvash, President of the WFDB, said “We are very pleased that Eyal is leading GET-Diamonds. We are confident that the knowledge and experience he brings will make GET-Diamonds the most technologically
CIBJO and Fairtrade International Sign MOU
Moscow, 23rd May: CIBJO and Fairtrade International have signed a Memorandum of Understanding according to which Fairtrade commits to working with CIBJO and its member organizations to improving certified Fairtrade gold supplies to the jewellery markets and members of CIBJO-associated organisations, and CIBJO commits to facilitating and encouraging its members to adopt and integrate fairtrade gold and metals into their
RBI Allows Private Agencies to Import Gold
Mumbai: The Reserve Bank of India (RBI) yesterday eased tough gold import rules by permitting seven more private agencies to import the yellow metal. It is a measure that industry officials say could increase supplies and reduce premiums in the peak wedding season. Gold imports by India, the world’s No. 2 bullion consumer after China, could quickly rise from current
GJEPC Flays Surat Diamantaires on Bourse Plan
Mumbai, 22nd May: The Gems and Jewellery Export Promotion Council (GJEPC), of India has criticized the move by some diamantaires in Surat to shift their Mumbai operations to the proposed Surat Diamond Bourse (SDB) in Surat, reports The Times of India. GJEPC chairman Vipul Shah said, “It is not the prerogative of 50 diamantaires to decide and win over others
India Raises Import Tariff Value of Gold, Silver
Mumbai: India has raised its import tariff value of gold and silver on Wednesday. Indian government has trimmed its import tariff value of gold from $421 per ten grams to $431 per 10 grams and silver from $644 per kilo gram to $ 646 per kilo gram, said the ministry of finance. Import tariff value is the base price on which
