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
Top News
PNG Jewellers’ Launches 1st Franchise Store in Aundh
Mumbai: India’s jewellery brand, PNG Jewellers has entered the franchising segment with the opening of its first franchise store at Aundh. The store was inaugurated on the occasion of Dussherra on 18th October 2018. For almost two centuries, PNG Jewellers has fulfilled customers’ expectations for generations and build credibility with their superior quality jewellery. The store is strategically located at ITI
CIBJO Focuses on Responsible Sourcing
Bogota: The 2018 CIBJO Congress concluded yesterday in Bogotá, Colombia, after three days of official business, which followed two days of steering committee meetings. The final day of the congress was marked by a visit by Colombia’s Vice President, Marta Lucia Ramirez. Addressing the special session of the congress, which also was attended by about 200 members of the Chamber
Big Growth Expected this Diwali in Platinum Sales
Mumbai: India has become the growth engine of platinum jewellery globally, according to a report published by Platinum Guild International (PGI), a trade organisation supported by major South African platinum producers. A strong preference for platinum among young consumers is one of the strongest driving forces to the growth of platinum jewellery demand in India. With the onslaught of festive
GJSCI to Partner with Ind. Bodies, Training Institutes
Mumbai: The Gem & Jewellery Skill Council of India (GJSCI) will reach out to industry bodies in traditional jewellery manufacturing clusters as well as to training institutes already offering courses in the field during the next phase of its growth and development, the new GJSCI Chairman Sanjay A. Kothari has said.
Suresh Shah New VP of IDMA
Antwerp: With the wrap-up of the 36th World Diamond Congress, the International Diamond Manufacturers’ Association (IDMA) concluded its meetings with the election of its officers. Maxim Shkadov was unanimously re-elected for a second term as IDMA President and Ronnie VanderLinden and Stephane Fischler were re-elected as Secretary General and Treasurer, respectively. IDMA Vice President Edward Asscher, who was recently elected
Gold-Silver Price-Setting Methods May Change
London: The decades-old methods for determining the daily benchmark prices for gold and silver seem set to change—the result of unwelcome attention from regulators and class-action lawsuits. Currently, the price of both metals is set at a daily teleconference by a number of prominent multinational banks—four in the case of gold, and three in the case of silver. However, the
CIBJO Gives Sustainability Frame for Pearl Sector
Milan: CIBJO President Gaetano Cavalieri has presented an outline for sustainability in the cultured pearl sector, emphasizing that a comprehensive approach must be taken that addresses economic, environmental and social responsibility. He was speaking at the Sustainable Pearls Forum, which took place in Hong Kong on June 21. The cultured pearl industry provides an opportunity to introduce concepts that often
Gold Curb Relaxations on the Way…
New Delhi: The government of India has indicated that there is a need to ease norms for bullion imports to boost supplies and jewellery exports. “There is a need of rationalisation in (gold import) duty and (gold import) procedure….We have already made it clear that there is a need to look at the current gold import regime,” commerce secretary Rajeev
