We Wish to Build Globally Relevant SKY Gold: Akash Talesara
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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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Aisshpra Gems & Jewels Wins ET NOW ‘Distinction’
Mumbai: Luxury Jewellery brand, Aisshpra Gems & Jewels wins the ‘Retail Transformation of the Year 2018 Award’ at ET NOW Global Awards for Retail Excellence held in Mumbai. The coveted award was presented to Mr Atul Saraf, Director, Aisshpra Gems *Jewels accompanied by Mr Vaibhav Saraf, Director, Aisshpra Gems & Jewels at the hands of Retail Veteran, Mr Biju Kurien
Anantha Padmanaban Elected as VC of GJF
Mumbai: The All India Gems & Jewellery Trade Federation (GJF) has unanimously elected Mr. Anantha Padmanaban as its Vice Chairman. He is currently Zonal Chairman – South and he is the Managing Director of NAC Jewellers, Chennai. Welcoming his appointment, Mr. Nitin Khandelwal, Chairman, said “I am pleased that Mr. Anantha Padmanaban has been unanimously elected as the Vice Chairman
Signature IIJS Ended with Positive Note
Mumbai: The Signature IIJS 2018 closed yesterday with positive note. The show unveiled the most coveted premium jewellery and jump-started the new buying season from 9th – 12th February, 2018 at Bombay Exhibition Centre. The event hosted more than 670 exhibitors and 1,500 plus stalls and attracted 16,000 visitors from pan India and more than 55 countries. Buyer delegations were
GJEPC to Ensure All-round Growth of G&J Sector
Mumbai: Chairman of The Gem & Jewellery Export Promotion Council (GJEPC), Mr. Pramod Agarwal, in the press conference and interaction held at the venue of the Signature IIJS 2018, said in his opening statement that the GJEPC was working towards the all-round growth of the gems and jewellery industry. “The industry is facing several challenges,” said Agarwal. “These include those
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
