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
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Rajesh Exports Declares Q3 Results
(By Evaluate Research) Bangalore: Rajesh Exports reported results for the third quarter ended December 2018 which were slightly below our estimates. Revenue for the quarter came in at Rs.440.1 bn, increasing by 6.5% on a YoY basis. Similarly, EPS grew by 4.7% to Rs.10.70 in 3Q2019 from Rs.10.21 in the corresponding period last year. Gross profit margin for the period was 1.28%
India Launches Domestic Council G&J Sector
Mumbai: It’s a historic day for India’s gems & jewellery sector! Shri Suresh Prabhu, Hon. Union Minister for Commerce & Industry and Civil Aviation, launched the Domestic Council for Gems & Jewellery sector, at a glittering function in the presence of Smt. Rupa Dutta, Economic Adviser, Ministry of Commerce & Industry, Shri Pramod Kumar Agrawal (Convener, National Ad-Hoc Committee, Domestic Council for
GJEPC Launches Identity Cards for Artisans
Mumbai: Hon. Union Minister for Commerce & Industry and Aviation Shri Suresh Prabhu launched Parichay Card (ldentity) for gem & jewellery sector workers, artisans and craftsmen in India – an initiative by The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of the gems & jewellery industry. Shri Suresh Prabhu, Hon. Union Minister for Commerce & Industry and Civil Aviation,
Zimbabwe Selects Alrosa, Anjin for Mining
Harare: Russia’s Alrosa and Chinese partly owned Anjin have been selected by the Zimbabwe government as the two foreign companies to partner the state-diamond firm in exploring and mining diamonds, according to a report published in local newspaper. “The President has put the Zimbabwean interest at the heart of exploitation of those diamonds only accepting foreign participation by way of
India May Increase Duty on Synthetics to 10%
New Delhi: The government may increase the import duty on man-made diamonds to 10 per cent in order to remove the price differential with natural diamonds which encourages some jewellers to “cheat the customers”, reports The Indian Express. Simultaneously, it could abolish the customs duty on cut and polished gem stones as these can be re-exported at higher value. The
Pre-Budget Recommendations by GJF
Mumbai: The All India Gems and Jewellery Trade Federation (GJF), the national trade federation for the promotion and growth of trade in Gems and Jewellery (G&J) sector across India, has urged Union Finance Minister Shri Arun Jaitley to abolish 80:20 rule for gold import, which allows only the nominated agencies to import gold on the condition that 20 per cent
"Be Sensitive To Festival Dates": WFDB
Antwerp: The World Federation of Diamond Bourses (WFDB) is calling on international trade fair organizers to “be sensitive to dates” when scheduling events so they don’t fall on religious festivals and thus prevent some industry members from taking part. “The fast expanding number of trade shows and exhibitions held across the world has often been scheduled in such a way
AGS Launches Virtual Guild
New York: The American Gem Society (AGS) has launched a virtual guild, which is open to all members of the trade. The first GoTo Guilds meeting will be a presentation by Peter Yantzer, executive director of AGS Laboratories, on “Light Performance 101,” an in-depth primer on the American Gem Society’s Light Performance Cut Grade on July 8. “Originally, the intention
