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 Is a Widening Gulf War Lifting Oil but Sinking Gold and Silver?
Macro Snapshot: The week ending 30 October brought the kind of news that once sent buyers into gold. Reuters reported the first known successful limpet-mine strike on a tanker in the Strait of Hormuz since the war began in February, and Houthi forces claimed strikes on Saudi refineries. Washington ordered non-emergency government staff out of Saudi Arabia amid reports that US strikes on Iran could resume after the 3 November midterm elections. Brent rose 13.6% over October, with the expiring
Why Is a Widening Gulf War Lifting Oil but Sinking Gold and Silver?
Macro Snapshot: The week ending 30 October brought the kind of news that once sent buyers into gold. Reuters reported the first known successful limpet-mine strike on a tanker in the Strait of Hormuz since the war began in February, and Houthi forces claimed strikes on Saudi refineries. Washington ordered non-emergency government staff out of Saudi Arabia amid reports that US strikes on Iran could resume after the 3 November midterm elections. Brent rose 13.6% over October, with the expiring
Top News
RJC Elects New Board of Directors
New York: The Responsible Jewellery Council (RJC) recently held its first ever virtual Annual General Meeting, which also coincided with its 15th anniversary. The organisation, which has seen membership grow 32% in the last three years, also elected the Board of Directors for the next term in office. Joining the Chair, David Bouffard, and Vice-Chair, Peter Karakchiev from ALROSA, two
RBI Cuts Repo Rate by 40 bps to 4%
Mumbai: The Reserve Bank of India (RBI) has decided to reduce the policy repo rate by 40 basis points from 4.4 per cent to 4 per cent. “RBI’s Monetary Policy Committee met again from May 20-22. MPC voted to 5:1 majority to reduce the policy repo rate by 40 basis points from 4.4 to 4%,” Mr. Shaktikanta Das said. Earlier,
India’s Gem-Jewellery Exports Drop 10.2% in 2019-20
Mumbai: India’s gross exports of gems and jewellery dipped by 10.19% during the fiscal year that ended on March 31, 2020 declining to US$ 35.53 billion as compared to US$ 39.56 billion in the same period of the previous year, according to provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC). Imports across the sector during fiscal
Webinar on Banking Stresses Need for Self-discipline
Mumbai: A distinguished panel comprising representatives of government and the banking sector deliberated on wide range of banking issues related to the challenges being faced by the gem and jewellery sector particularly during the Covid-19 pandemic at a webinar hosted by GJEPC on May 15. The panel, which had Ms Rupa Dutta, economic advisor, ministry of commerce & industry, Government
Forevermark Diamond Jewellery Opens First Store in Bengaluru
Bengaluru: Forevermark Diamond Jewellery from De Beers Group has strengthened its presence in South India with the launch of its first store in Bengaluru, marking a significant step in the brand’s retail expansion journey in India. Located at Phoenix Mall of Asia, one of Bengaluru’s premier luxury retail destinations, the new store strengthens Forevermark’s presence in one of the country’s
India–UK Trade Agreement: CoOs Distributed
New Delhi: To commemorate the India–UK trade agreement coming into effect, Mr. Rajesh Agarwal, the Commerce Secretary and Ms. Lindy Cameron, High Commissioner of UK in India distributed Certificates of Origin (COOs) to some of our exporter members at Vanijya Bhawan. Mr. Sabyasachi Ray, Executive Director and Mr. Antarpal Singh, Regional Chairman, Northern Region received the certificates on their behalf
Kirit Bhansali Joins India’s High Level Delegation
Mumbai: Mr. Kirit Bhansali , Chairman of India’s Gem & Jewellery Export Promotion Council (GJEPC), joins Mr. Piyush Goyal , Hon’ble Minister of Commerce & Industry; Dr. S. Jaishankar , Hon’ble Minister of External Affairs; Mr. Jitin Prasada , Hon’ble Minister of State for Electronics & Information Technology and Commerce & Industry; and Ms. Karen Rentmeesters , CEO, AWDC, at
First Jewellery Export Consignment to the UK Under India–UK CETA
Mumbai: Mumbai, India’s financial capital and the country’s premier hub for gem and jewellery exports, yesterday marked a historic milestone with the flagging off of the first jewellery export consignment to the United Kingdom under the India–UK Comprehensive Economic and Trade Agreement (CETA). The Mumbai flag-off forms part of a nationwide initiative being held across Delhi, Surat, Jaipur, Chennai and
