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
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De Beers Partners with Cricketer Abhishek Sharma
De Beers Group, the world’s leading diamond company has announced its association with Indian cricketer Abhishek Sharma to celebrate natural diamonds in India, bringing together two forces defined by character, authenticity and enduring excellence. Abhishek Sharma has emerged as one of the most exciting voices in Indian cricket, known for his fearless style of play and strong personal identity. His
Risk of Deception while Buying Diamond Jewellery
Antwerp: During a public event today at Antwerpen-Centraal railway station, the diamond industry body Antwerp World Diamond Centre (AWDC) raised awareness among passers-by about the risk of deception by jewelers when purchasing diamond jewelry. A lack of consumer knowledge about the difference between natural and synthetic diamonds makes them vulnerable to malpractice. During the initiative, passers-by could have their diamond
GJEPC Organized IJEX FAM Programme
Dubai: The five-day Familiarization (FAM) Program by GJEPC’s India Jewellery Exposition Centre (IJEX), Dubai, provided Indian jewellery exporters with comprehensive insights into the Middle East market, focusing on regional dynamics, consumer preferences, and retail environments across the UAE. The 6th batch of the IJEX FAM Programme, initiated and facilitated under GJEPC’s Export Mentorship Programme (EMP), delivered a structured five-day immersion
Augmont Launches SPOT 2.0 for Efficient Business
Mumbai: Augmont, India’s Gold Platform has announced the launch of SPOT 2.0 — an improved trading platform application that consolidates every Augmont product and service into a single, secure, and intuitive interface. Designed specifically for jewellers, manufacturers, and retail customers, SPOT 2.0 replaces the fragmentation of multiple tools under a unified platform that puts the entire bullion trading ecosystem offered by Augmont
HK Shows Postponed Amid Corona Virus Fears
Hong Kong: As fears over the spread of the corona virus mount, show organizers in Hong Kong have announced that some upcoming events have been postponed. The Hong Kong Trade and Development Council (HKTDC) has moved the HKTDC Hong Kong International Diamond, Gem & Pearl Show 2020 (originally scheduled for March 2-6) and the HKTDC Hong Kong International Jewellery Show
GJEPC Seeks Roll Back of Duty Proposed in Budget
Mumbai: The Finance Minister in her Union Budget for fiscal year 2020-21 presented a gamut of initiatives, which cheered the entire gems and jewellery industry in the country. The government proposed to reduce the import duty on platinum from existing 12.5 percent to now 7.5 percent. Also, the proposal for establishing a bullion exchange at GIFT City is an encouraging move to attract international bullion
De Beers Cycle 1, 2020 Sales Go Slightly Up
Gaborone: Rough diamond sales in De Beers’ first sales cycle of 2020 were up compared with the same period last year. The diamond miner said provisional rough sales at sightholder sales and auctions during Cycle 1 hit $545 million. This is an increase when compared with the $500 million in the first sales cycle of 2019. It’s also an uptick
Ground-Breaking Ceremony of CFC at Bow Bazar
Kolkata: Ground-breaking ceremony of Common Facility Centre (CFC) at Bow Bazar in Kolkata was held yesterday in the presence of Mrs. Rupa Dutta (Economic Advisor, Ministry of Commerce & Industry, Government of India), Mr. Senthil Nathan (Deputy Secretary, Ministry of Commerce & Industry, Government of India), Mr. Pramod Agrawal, Chairman, GJEPC; Mr. Prakash Pincha, Regional Chairman, Kolkata, GJEPC, along with
