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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'White Paper' During Session with Banks on 11th
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), an organisation set up by the Ministry of Commerce and Industry will collaborate with leading banks and release a white paper in a Banking Summit on May 11 in Mumbai. The paper will aim to address critical banking issues like Assessment of credit limit, collateral security, related party transactions, inventory Valuation
India SAARC- Middle East Buyer-Seller Meet Ended
Hyderabad: In an effort to develop new trust and understanding at a cultural, business & professional level and to explore future business opportunities, GJEPC organised the 3rd edition of India SAARC- Middle East Buyer-Seller Meet from 29th April – 1st May, 2018 at Hotel Novotel, HICC, Hyderabad. The product profile for the BSM is Plain Gold & Diamond Studded/Precious studded
Celebrate Motherhood with a Forevermark Diamond
Mumbai: A mother’s love for her child is pure, unconditional and lasts a lifetime. She is the woman who selflessly sacrificies her every need for her child and expects nothing in return. This Mother’s Day, celebrate that love by gifting her a Forevermark, the diamond brand from the De Beers Group of Companies, which is as beautiful, rare and genuine
Odisha Govt. Scraps Gitanjali Jewellery Park
Bhubaneswar: The Odisha government has scrapped the Rs 636-crore gems, jewellery, lifestyle and luxury goods park which was to be set up by Gitanjali Infratech Ltd, an official told The Times of India. The development comes in the wake of the multi-crore PNB scam and there is no one from the company, owned by Mehul Choksi-run Gitanjali Group, with whom
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
Zimbabwe Diamond Output, Sales Dipped in 2013
Harare: Zimbabwe’s diamond output declined 26.1 percent to 8.9 million carats last year, according to Equity Communications, reports Rough&Polished. The Harare-based research company said in a statement emailed told Rough&Polished that Zimbabwe was the only “major” diamond producer, which experienced a “sharp” decline in production and sales last year. It said diamond production in the Southern African country took a knock
