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
GJEPC Suggests Ways to Boost Exports from SEZs
Mumbai: The global gem and jewellery export market is valued at $629.06 billion of which India’s share is 6.2% or $31.45 billion. Of this, every year almost a quarter of India’s gem and jewellery exports have been generated through Special Economic Zones (SEZs). In a recent video meeting with the Department of Commerce, India’s Gem and Jewellery Export Promotion Council
India Govt. Increases Duty Drawback on Gold by 16%
Mumbai: The Government of India has increased duty drawback rate on gold by 15.6% from Rs.372.9 per gm to Rs.431.1 per gm, which will enable exporters to get higher returns on duty and taxes that were paid for the raw materials against the exported products. Meanwhile, the duty drawback on silver jewellery has been reduced by 5% from Rs.4,332.2 per
De Beers Conducts Diamond Insight Flash Report 2
Mumbai: To augment our existing research program, De Beers is conducting additional consumer, retailer and supply chain touch-bases to understand the pain points and the opportunities for partners large and small across the pipeline. In March 2020, we launched a weekly quantitative survey to collect data on the attitudes, behaviors and expectations of consumers in the US. Once a month
Gold Demand may Remain Soft in H2: WGC
Mumbai: The consumer demand for gold in the country is expected to remain subdued in the second half of 2020 amid business and income disruptions caused by the Covid-19 pandemic, according to a report. The report, however, said that financial packages to support the economy and good monsoon may help soften the negative impact of economic blow due to the
India’s G&J Ind. Bids Farewell to Kobbi Shoshani
Mumbai: Bharat Diamond Bourse ( BDB) & Gem & Jewellery Export Promotion Council (GJEPC) bade a warm farewell to Mr. Kobbi Shoshani, Consul General of Israel. During his tenure, Mr. Shoshani has been more than a diplomat—he has been a true ambassador of friendship. His leadership, vision, and unwavering commitment have strengthened the bonds between Israel and India, creating relationships
Celebrate Onam with Platinum Jewellery
Mumbai: Onam is a season defined by abundance — of joy, togetherness, and new beginnings. It is a time when choices reflect thoughtfulness, where compromise feels out of place. For jewellery that carries this spirit, platinum stands apart: a metal of unmatched rarity and preciousness, offering value beyond compare through its high purity standards, longevity, modern design language, and uniquely
Gemfields Offers 11,685 Ct. ‘Buffalo’ Emerald for Auction
London: Gemfields has unveiled a colossal emerald weighing 11,685 carats, discovered at its 75%-owned Kagem mine in Zambia. Named Imboo, meaning buffalo in the local Bemba and Lamba dialects, the gemstone is the largest of several extraordinary emeralds unearthed at Kagem, already famed for record-breaking finds. The emerald will be sold at Gemfields’ auction running until Sept. 11. “Even under the beam
Rashmika Mandanna Appointed India Brand Ambassador of Swarovski
Mumbai: Swarovski proudly announces actor Rashmika Mandanna as its new Brand Ambassador for India, marking a milestone for the Austrian luxury house as it strengthens its presence in one of its fastest-growing markets. India, a vibrant market with a deep affinity for jewelry and self-expression, continues to play a pivotal role in Swarovski’s global growth story. With her pan-India appeal,
