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 $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
Top News
G&J Exports Record Staggering 8.46% Growth in Q1
Studded Gold Jewellery Exports record a growth of 69.87% Cut and Polished diamond exports register a growth of 26.45% Mumbai: India’s gems and jewellery (G&J) exports is back to the pre-covid levels. The overall gross exports of G&J witnessed a growth of 8.46% to Rs. 67265.66 Crore (3% to US$ 9.18 billion) during April – June 2021 as compared to Rs. 62018.48 Crore
WGC and GJEPC Enter into Strategic Partnership
Mumbai: The World Gold Council (WGC) and India’s Gem and Jewellery Export Promotion Council (GJEPC) have signed an agreement to promote gold jewellery in India in 2021. Under the terms of the agreement, both partners will jointly fund a multi-media marketing campaign that would aim to increase awareness, relevance and adoption of gold jewellery amongst Indian consumers, especially millennials and gen
Two Mega Diamonds Unearthed in Botswana
Gaborone: An enormous 1,174-carat diamond was recently unearthed in Botswana, days after another huge precious stone was discovered in the African country. The mining company, Lucara Diamond Corp., said in a statement that the diamond, which measures 77mm long, 55mm wide and 33mm thick, was found at the Karowe diamond mine last month. The company presented the diamond to the
Expectations High for IGJS Dubai Show
IGJS Dubai will witness 600+ buyers and 150 stalls Mumbai: The Jewels of Emirates show, popularly known as the Sharjah show, was a tremendous success, which catered to the pentup demand caused due to the pandemic-related lockdowns. The success of the Sharjah show has boosted the morale of the hundred GJEPC members who exhibited at the show. They are now
GJC Requests Formation of Gujarat State Level Vigilance Committee
Ahmedabad: The All India Gem and Jewellery Domestic Council (GJC) yesterday informed that it had formally requested the Government of Gujarat to establish a State Level Vigilance Committee dedicated to protecting the interests of jewellers across the state. A high-level delegation from GJC, led by Chairman Mr. Rajesh Rokde, Vice Chairman Mr. Avinash Gupta, Director Mr. Salim Daginawala, ZCM Mr. Avi Shah,
Before You Buy Gold, Follow the Golden Rule
Mumbai: The Indian Association for Gold Excellence and Standards (IAGES), a Self-Regulatory Organization established by and for the Indian gold industry, has unveiled an exciting new campaign #PehlaCheckIAGES to elevate gold industry standards across the country. The IAGES framework of accreditation was formed with a vision to set the highest standards of integrity and excellence across the entire gold value
De Beers & GJEPC Leaders Discuss Market Challenges
Mumbai: Mr. Paul Rowley, Executive Vice President, Diamond Trading, De Beers Group, met the GJEPC leadership at the Bharat Diamond Bourse in Mumbai on 28 November. Rowley was joined by Sean Lin, VP Sales, De Beers Group, and Sunil Dias, Diamond Consultant, De Beers. The De Beers officials were received by GJEPC’s leadership including Kirit Bhansali, Chairman; Shaunak Parikh, Vice
Flanders Allows Foreign Diamond Workers in Antwerp
Antwerp: The Council of Ministers of the Flemish Government decided on the proposal of Minister of Work Zuhal Demir, that foreign workers may be employed for the shortage occupations of diamond polishers and diamond sorters. The decision is an important boost for the Antwerp diamond sector, which faces a structural shortage of these specialised profiles. They are scarcely available on
