We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
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A Golden Milestone in India–Oman Trade Relations
Kolkata: Marking a significant step in strengthening bilateral trade ties, the first gold jewellery export shipment from Kolkata to Oman was successfully dispatched under the India–Oman CEPA framework. India’s gems & jewellery exports to Oman currently stand at -USD 35 million, including ~USD 10 million in gold jewellery. Exports could reach nearly USD 150 million over the next three years.
De Beers Shares Latest Research on US Consumer Trends
London: Natural diamonds are the most desired luxury jewellery product, average purchase prices have increased 25%, Gen Z is now the second largest generation buying diamonds, and non-bridal occasions account for three-quarters of overall US demand. These are some of the key findings of De Beers Group’s latest US Diamond Acquisition Study, featuring responses from 18,500 women aged 18 –
FTAs Offer Immense Export Opportunity for Indian Jewellery
Jaipur: The Department of Commerce, Ministry of Commerce & Industry, Government of India recently organized a focused outreach programme on “Leveraging FTAs for the Gems & Jewellery (G&J) Sector” in Jaipur, in partnership with the Gems & Jewellery Export Promotion Council (GJEPC). Exporters, manufacturers, MSMEs and other industry stakeholders participated in the programme. The workshop is part of the Government’s
Golconda & Ancient Diamonds: A Historical Perspective
Singapore: On the third day of 41st World Diamond Congress, on July 15, distinguished jewellery historian and author, Dr. Usha Balakrishnan, of Mumbai, India, will be presenting a lecture entitled “Golconda and Ancient Diamonds – A Historical Perspective. ” “For nearly 2,000 years, every diamond the world had ever seen came from a mystical land, now known as India. These
GJEPC Donates Rs. 50 Crore for Workers' Welfare
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) , the apex body of the Gem and Jewellery industry in India, has contributed Rs. 50 Crore from its own reserves to help the needy workers of the industry impacted by Covid-19. The Fund allocated by GJEPC will also be utilized to support the Government in undertaking several initiatives to fight the current
WFDB to Launch a Diamond Trading Platform
Antwerp: The World Federation of Diamond Bourses today announced that it has decided to create a World Federation Diamond Trading Platform. The process of creation is on and the cross-bourse trading platform will be launched in due course. “The brand-new, state-of-the-art, trading platform, which will be available for use by all members of all bourses, is being created specially keeping
GJEPC Welcomes Relief Measures Declared by Govt.
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has welcomed the relief measures in the financial year end related operational measures announced by Hon. Union Finance Minister Mrs. Nirmala Sitharaman. Mr. Colin Shah, Vice Chairman, Gem & Jewellery Export Promotion Council of India (GJEPC), said, “We welcome the relief in the financial year end related operational measures as these will give some relief
India Declares Total Lockdown for 21 Days
Mumbai: In the wake of alarming spread of the COVID-19 globally as well as in India, the government has decided to enforce complete isolation through 21 days’ nation wide lockdown. In his live address through electronic media and radio to the people of nation, the Prime Minister Mr. Narendra Modi said that entire India will be locked down for the
