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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GJEPC Represents Budget Recommendations to FM
Mumbai: In an online meeting convened by Hon’ble Finance Minister Mrs. Nirmala Sitharaman for union budget recommendations, India’s Gem and Jewellery Export Promotion Council (GJEPC) represented the budget recommendations for the gem and jewellery sector for union budget 2021. Thanking the Govt. for its constant support to the industry received during the pandemic and over the years to make the
GJEPC Postpones IIJS Premiere to August 2021
Mumbai: GJEPC’s flagship show IIJS Premiere which takes place every year in the month of August had to be postponed to January 2021 due to the Coronavirus pandemic. However, since there is no clarity on when a show of this magnitude can be organised physically in the near future, GJEPC has decided to further postpone IIJS Premiere to August 2021. Mr.
Platinum Evara's Latest Collection for Women
Mumbai: Billions of years ago a meteorite crash left behind remnants of precious white metal – ‘Platinum’! Born of the stars, platinum is found in extremely limited quantities on Earth and is 30 times rarer than gold, adding a whole new dimension of exclusivity to this precious metal. Rarity, strength, endurance are key attributes that this metal is known for
IIG and Gemewizard to Commence Online Courses
Mumbai: International Institute of Gemology, Mumbai, officially announced the starting of a new on-line course to run in collaboration with The Gem Colour Academy, Gemewizard®. The new venture enables IIG to offer online and on-site classes of Gem Color Academy’s Colored Stones Grading Course and Coloured Diamond Grading Course in its premises in India and Hong Kong. Mr. Rahul Desai,
PDE and IBGM Sign MOU
Panama: Brazil’s leading jewelry industry association, Instituto Brasileiro de Gemas e Metais Preciosos (IBGM), will be taking up residence in the Phase 1 building of the Panama Gem & Jewelry Center when it opens later this year. The announcement follows the signing of a Memorandum of Understanding between the Panama Diamond Exchange and IBGM in Sao Paulo during the Feninjer
New Gold Discovered in China
Beijing: Geologists have discovered a massive gold mine in China’s restive Xinjiang province, according to state news agency Xinhua. The new find, close to the border with Kyrgyzstan, has proven gold reserves of 127 tonnes, Xinhua said. If the estimates are correct, the reserves could be worth around 40 billion yuan ($6.5bn). The Xinjiang Geology and Mineral Exploration Bureau spent
Zimbabwe Can’t Wait For Annual Dividends
Harare: Zimbabwe will now collect its share of diamond revenue at the point of sale rather than wait for its Marange partners to remit dividends annually. Harare could have been prejudiced of millions of dollars from previous sales, The Herald newspaper reports. The government’s mining arm, Zimbabwe Mining Development Corporation (ZMDC) holds a 50 percent stake in firms mining gems
Delhi HC Seeks Govt. Reply in Gold Import Case
New Delhi: In a major setback for the government, the Delhi High Court on Thursday ordered all major departments and ministries of trade and commerce to present files pertaining to the process of decision making which allowed a handful of private star trading houses to import gold, reports Business Standard. Hearing the case filed by Delhi Bullion and Jewellers Welfare
