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
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Rio Tinto Celebrates 30 years of Indo-Argyle Partnership
Mumbai: Rio Tinto’s diamonds business is celebrating 30 years in India with a tribute in Mumbai to the extraordinary Indo-Argyle partnership. At a celebratory dinner for customers and diamond industry partners, Rio Tinto’s management reflected on the ground breaking partnership that began with the first influx of diamonds from the Argyle diamond mine in Western Australia in the 1980s. Mr
US Gives Jolt to India's G&J Industry under GSP
Mumbai: The withdrawal of duty benefits by the US under the Generalized System of Preferences (GSP) may prove to be yet another blow for India’s gems and jewellery sector, reports Live Mint. The decision, which came into effect from 5 June, is however expected to have a limited impact on India’s overall export trade, said Crisil Research Ltd. Among the sectors that
Major Duty Relief to India's G&J Industry
Mumbai: A recent notification (Circular No. 17/2019-Customs; F.No. DGEP/G&J/06/2019, issued by Government of India, Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes & Customs, (Directorate General of Export Promotion)) has come as a major relief to the gems and jewellery (G&J) industry. In effect, the circular says that Additional Customs Duty / Countervailing Duty (CVD) is not
Global Gemstones Market to Grow at CAGR of 5%
New Delhi: Gemstones market will develop at a Compound Annual Growth Rate (CAGR) of approximately 5% during 2018 to 2026, as reported by a new research intelligence outlook of Future Market Insights (FMI), reports KNN. According to the FMI’s report, global demand for gemstones is envisaged to surge steadily over the course of coming years. Gemstones worth nearly US$ 22
Gujarat Govt. Assures Help for Diamond Bourse
Surat: As the prices of realty in Vesu and Dumas areas have skyrocketed following the announcement of proposed diamond bourse, diamantaires spearheading the movement for a world-class diamond bourse in the city have started lobbying with the state government for land, reports The Times of India. Members of Surat Diamond Bourse (SDB) committee, which includes chairman of leading diamond companies
Antwerp Seizes Parcel of Banned CAR Diamonds
Antwerp: The Antwerp diamond industry, represented by the Antwerp World Diamond Centre (AWDC), is stepping up its efforts in combatting conflict diamonds. The city, largely owing its reputation as the most transparent and strictly controlled diamond trade centre to the rigorous controls of all diamond imports and exports at the Antwerp Diamond Office, is determined to continue its strong commitment
GJF to Get Council Status Soon
Mumbai: The All India Gems and Jewellery Trade Federation (GJF) expects to receive the status of council within the next two to three months, reports Business Standard. The federation said it would be easy to represent issues faced by gems and jewellery industry before government after receiving the status of the council. “We have already asked the concerned ministry in
GIA Considering Second India Lab
Mumbai: With its Mumbai grading lab taking more than four months to grade and return clients’ diamonds, the Gemological Institute of America may open a facility in the Indian manufacturing hub of Surat. A GIA release said it will “study the feasibility” of a second India lab, which would be the GIA’s 10th worldwide. It did not provide a possible
