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
Seasons Spring Show from 19th to 21st May, 2020
Hong Kong: The show dates of SEASONS | Spring – Fashion Jewellery & Accessories Fair, originally slated for 3-6 March 2020 at the AsiaWorld-Expo (AWE) in Hong Kong, have been rescheduled to 19-21 May 2020 at Hall 2 of AWE. This decision has been reached following careful consideration and extensive discussions. Our top priority has always been to ensure the health and safety of all show
Buying Season Starts with Conclusion of IIJS Signature
Mumbai: The 13th edition of IIJS Signature and the 7th edition of India Gem & Jewellery Machinery Expo (IGJME) organised by the Gem & Jewellery Export Promotion Council (GJEPC) gave a headstart to the 2020 buying season. The events held from 13-16 February 2020 at the Bombay Exhibition Centre, Goregaon, Mumbai, attracted 15,000+ visitors (12,000 of whom were pre-registered visitors)
ICRA Revises Diamond Industry Outlook to Negative
Mumbai: The domestic cut and polished diamond (CPD) industry will be significantly hit by the coronavirus impact in China and weak demand in key markets. Consequently, ratings agency ICRA has revised the CPD industry outlook from stable to negative, in view of the ongoing shutdown in parts of China and Hong Kong, reports Business Line. China accounts for 14 per
De Beers Reports Lower Production & Sales in 2019
London: De Beers has reported lower production, sales and underlying earnings for 2019 as it faced “significant challenges for rough diamond demand”. It predicted the return to “a more balanced position” of stock levels and an increase in production in 2020 in its preliminary financial results for last year, published recently. But it sounded a note of caution over a
CIBJO and Fairtrade International Sign MOU
Moscow, 23rd May: CIBJO and Fairtrade International have signed a Memorandum of Understanding according to which Fairtrade commits to working with CIBJO and its member organizations to improving certified Fairtrade gold supplies to the jewellery markets and members of CIBJO-associated organisations, and CIBJO commits to facilitating and encouraging its members to adopt and integrate fairtrade gold and metals into their
RBI Allows Private Agencies to Import Gold
Mumbai: The Reserve Bank of India (RBI) yesterday eased tough gold import rules by permitting seven more private agencies to import the yellow metal. It is a measure that industry officials say could increase supplies and reduce premiums in the peak wedding season. Gold imports by India, the world’s No. 2 bullion consumer after China, could quickly rise from current
GJEPC Flays Surat Diamantaires on Bourse Plan
Mumbai, 22nd May: The Gems and Jewellery Export Promotion Council (GJEPC), of India has criticized the move by some diamantaires in Surat to shift their Mumbai operations to the proposed Surat Diamond Bourse (SDB) in Surat, reports The Times of India. GJEPC chairman Vipul Shah said, “It is not the prerogative of 50 diamantaires to decide and win over others
India Raises Import Tariff Value of Gold, Silver
Mumbai: India has raised its import tariff value of gold and silver on Wednesday. Indian government has trimmed its import tariff value of gold from $421 per ten grams to $431 per 10 grams and silver from $644 per kilo gram to $ 646 per kilo gram, said the ministry of finance. Import tariff value is the base price on which
