We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
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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
India Imported only 50 kg. Gold in April 2020
Mumbai: India imported a mere 50 kg of gold valued at US$ 2.84 million during the month of April 2020 as against the 110.18 tonnes valued at US$ 3.97 billion in the same month a year ago, as the countrywide lockdown and the ban on air travel brought trade in the yellow metal as well as in gold jewellery to
GJEPC Offices in Jaipur and Surat Reopen Partially
Jaipur: Two key regional offices of The Gem & Jewellery Export Promotion Council (GJEPC) – in Jaipur and Surat – resumed partial operations with all safety measures in place as the Government of India eased the lockdown restrictions in certain parts of the country. Jaipur, the centre of India’s loose coloured gemstone trade and an important manufacturing centre for coloured
Gemfields Becomes Member of World-Leading VPSHR
Mumbai: Gemfields has become the first – and the only – gemstone company to be recognised as a corporate member by Voluntary Principles. A globally recognised initiative by governments, companies and NGOs to confront human rights abuses and violations, the Voluntary Principles on Security and Human Rights (VPSHR) have now become the common standard implemented across a variety of industries,
Huge Potential of E-Commerce in Boosting Exports
Mumbai: A webinar hosted by the Gem and Jewellery Export Promotion Council (GJEPC) on May 1 identified the huge potential that global B2C E-commerce has to boost gem and jewellery exports, especially from the MSME sector, in the post Covid-19 world and identified some of the key policy measures that would be needed to make this happen. The session, attended
AGL Celebrates Five Years under New Management
New York, 15th April: American Gemological Laboratories (AGL), a provider of high-quality gemstone analysis and reporting is celebrating its five-year anniversary under the stewardship of Christopher P. Smith. “Five years ago, AGL was re-privatized during one of the most difficult periods the US and world financial markets have experienced in recent decades. AGL, however, had a good reputation and we did
Gold Smuggling Arrests Jump 750% YoY in India
Mumbai, 14th April: While cases of gold smuggling in India have jumped 265% from 40 in 2012-13 to 146 in 2013-14, the number of people arrested has shot up by 750%, from 30 in 2012-13 to 255 in 2013-14, data from the Directorate of Revenue Intelligence shows, according to a report published in Mineweb. “Gold imports through the legal channel have
