We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
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Antwerp Presents Ring with 321 Natural Diamonds to the US
Antwerp: During the celebration of the 250th anniversary of the United States (US) in the Parc du Cinquantenaire in Brussels, the Antwerp diamond sector presented an exclusive ring set with 321 natural diamonds to U.S. President Donald Trump. The ring symbolizes the historic trade relationship between Antwerp and the United States – for decades the most important export market for
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
Israel Gives Diamond Trade Time to Come Clean
Ramat Gan: Diamond companies in Israel have been granted another two months to voluntarily disclose their assets, inventory and unreported income to the Tax Authority, reports Rapaport. Firms have until the end of February to submit the full report of disclosures, as long as they declared their intention to do so by December 29, the Israel Diamond Exchange and Israel
De Beers Expects More Future Volatility
Gaborone: After the publication of De Beers’ 2014 the diamond company identified new global and regional trends which involve changes in macro-economic trends in emerging economies, as well as volatility in world economic growth forecasts. De Beers also stressed the need for diamond industry participants to strengthen their competitive capabilities through better planning and more investment in innovation and marketing.
India Sets Up Trade Disciplinary Committee
Mumbai: A new disciplinary committee will deal with misconduct in India’s diamond trade under plans approved by the Gem & Jewellery Export Promotion Council (GJEPC). The GJEPC teamed up with the Bharat Diamond Bourse (BDB) and the Mumbai Diamond Merchants’ Association (MDMA) to form the Trade Disciplinary Committee. The 21-member panel will handle cases including fraud, non-disclosure of synthetics, false
Demonetization will Prove to be a Boon: Vijay Jain
Mumbai: The Platinum Guild International (PGI) has predicted that Indian demand for platinum jewellery would grow by double digits next year and Japanese consumption will stay strong. “In 2017, we’re expecting significant double-digit growth in India and reasonable growth in Japan. While gold is a low-margin business for Indian jewellers, retailers can scoop up returns of about 50% for platinum,
