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
Top News
De Beers’ Q2 Production Rises 3% to 9 Million Carats
Gaborone: Releasing its production update for the three months ended June 30, 2018, mining conglomerate Anglo American plc said that De Beers had seen a 3% growth in rough diamond production to 9.0 million carats during this period. Giving further details, De Beers said the rise reflected both production increases to meet stronger demand as well as the contribution from
CIBJO Participating in ECOSOC High-Level Segment
New York: CIBJO President Gaetano Cavalieri is participating in the annual High-Level Segment of the Economic and Social Council (ECOSOC) currently underway in New York, where just prior to the meeting the council’s Secretary General approved and distributed a statement on the jewellery industry’s contribution to the UN development programme that had been submitted by the World Jewellery Confederation. The
SRDC Unveils its New Avatar as IIG
Mumbai: Shri Rajendra Diamond Classes (SRDC), one of India’s premier gemological institutes officially announced its rebranding as IIG (International Institute of Gemology) at a grand ceremony on July 19. To mark this proud milestone, Mr Ramnikbhai Shah, founder of leading diamond manufacturing house Venus Jewel and Mr Arvindbhai Parikh, MD and founding partner of Crystal Diamonds inaugurated IIG’s new institute
GJEPC's Vigilance Helps Unearth Money Laundering
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) thanks the Government of India and DRI for the thorough investigations exposing the Rs. 3,000 crore import scam. As the apex organisation entrusted with the welfare of 6,000-plus members and more than 5 million livelihoods dependent on this industry, we have been taking initiatives time and again to sensitise the government about any irregularities.
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
