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
Top News
EL not Applicable on e-trade of Rough Diamonds
Mumbai: A delegation of India’s Gem and Jewellery Export Promotion Council (GJEPC) led by Mr. Colin Shah, Chairman, GJEPC, met Finance Minister Mrs. Nirmala Sitharaman on 26th August, in New Delhi, to raise concerns and implications arising on the diamond segment due to expansion of Scope of Equalisation Levy (EL). In a relief to the industry, the Finance Minister clarified
Indian Diamond Companies Cease Rough Imports
Mumbai: India being the global leader in diamonds, it produces 14 out of 15 diamonds set in jewellery worldwide and polishes one billion stones each year. In FY 2019, India’s major export markets for cut & polished diamonds were USA ($6,960.09 million), Hong Kong ($6,381.97 million), Middle East ($2113.63 million), Europe ($1,534.50 million). Although the year 2020 is reminiscent of the recession period of 2008-09 when the Indian diamond
Online Registration For Jewellers & Hallmarking Centres
Mumbai: India’s Union Minister for Consumer Affairs, Food & Public Distribution Mr. Ram Vilas Paswan, on 21st August virtually launched the online system of Registration and Renewal of Jewellers and online system of Recognition and Renewal of the Assaying and Hallmarking (A&H) Centres. This online system can be accessed through the Bureau of Indian Standards web portal www.manakonline.in. While launching the
Forevermark:Autumn-Winter Diamond Jewellery Trends
Mumbai: Forevermark has unveiled its Trend Report for 2020. Developed at Forevermark’s Design and Innovation Centre in Milan, four key themes have been identified to inspire and shape desire fordiamonds in 2020. “From finding personal fulfilment, and creating meaningful design, to protecting our precious planet, and the value of empowerment and acceptance, the Forevermark 2020 Trend Book speaks to important
India May Increase Duty on Synthetics to 10%
New Delhi: The government may increase the import duty on man-made diamonds to 10 per cent in order to remove the price differential with natural diamonds which encourages some jewellers to “cheat the customers”, reports The Indian Express. Simultaneously, it could abolish the customs duty on cut and polished gem stones as these can be re-exported at higher value. The
Pre-Budget Recommendations by GJF
Mumbai: The All India Gems and Jewellery Trade Federation (GJF), the national trade federation for the promotion and growth of trade in Gems and Jewellery (G&J) sector across India, has urged Union Finance Minister Shri Arun Jaitley to abolish 80:20 rule for gold import, which allows only the nominated agencies to import gold on the condition that 20 per cent
"Be Sensitive To Festival Dates": WFDB
Antwerp: The World Federation of Diamond Bourses (WFDB) is calling on international trade fair organizers to “be sensitive to dates” when scheduling events so they don’t fall on religious festivals and thus prevent some industry members from taking part. “The fast expanding number of trade shows and exhibitions held across the world has often been scheduled in such a way
AGS Launches Virtual Guild
New York: The American Gem Society (AGS) has launched a virtual guild, which is open to all members of the trade. The first GoTo Guilds meeting will be a presentation by Peter Yantzer, executive director of AGS Laboratories, on “Light Performance 101,” an in-depth primer on the American Gem Society’s Light Performance Cut Grade on July 8. “Originally, the intention
