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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India Bans Gold Exports Above 22 Carats
New Delhi: India has banned the export of gold products with purity above 22 carats with immediate effect to curb irregularities in the trade. The Directorate General of Foreign Trade issued a notice limiting shipments of jewellery, coins and medallions to 22 carats or below, without giving a reason. “The move may be to reduce round-tripping of jewellery and coins,
WHP Jewellers' New Store in Navi Mumbai
Mumbai: WHP Jewellers broadened their horizon in Navi Mumbai with the launch of WHP Store in Seawoods Grand Central Mall, Navi Mumbai. The store was inaugurated on 11th August 2017 in presence of Mr. Subhash Pethe & Mr. Aditya Pethe, Director, WHP Jewellers and other prominent personalities. Established by Late. Shri Waman Hari Pethe and Late Shri. Ganesh Hari Pethe
GJF Reacts Sharply on Economic Survey
New Delhi: The Goods and Services Tax (GST) rate of 3% on gold is low and needs to be increased as it is consumed by the “very rich”, feels chief economic advisor Arvind Subramanian, the author of the Economic Survey. According to the Economic Survey Volume II 2016-17, tabled in Parliament on Friday, “The tax on gold and jewellery products
Guaranteed Quality Jewellery from Thailand
Bangkok: The Department of International Trade Promotion (DITP), Ministry of Commerce, guarantees the quality and craftsmanship of Thai jewellery brands with the Thailand Trust Mark or T Mark, a symbol of trusted quality and excellence, while preparing to host the 60th edition of the Bangkok Gems and Jewellery Fair which will take place from September 6 to 10 at Challenger
A Golden Milestone in India–Oman Trade Relations
Kolkata: Marking a significant step in strengthening bilateral trade ties, the first gold jewellery export shipment from Kolkata to Oman was successfully dispatched under the India–Oman CEPA framework. India’s gems & jewellery exports to Oman currently stand at -USD 35 million, including ~USD 10 million in gold jewellery. Exports could reach nearly USD 150 million over the next three years.
De Beers Shares Latest Research on US Consumer Trends
London: Natural diamonds are the most desired luxury jewellery product, average purchase prices have increased 25%, Gen Z is now the second largest generation buying diamonds, and non-bridal occasions account for three-quarters of overall US demand. These are some of the key findings of De Beers Group’s latest US Diamond Acquisition Study, featuring responses from 18,500 women aged 18 –
FTAs Offer Immense Export Opportunity for Indian Jewellery
Jaipur: The Department of Commerce, Ministry of Commerce & Industry, Government of India recently organized a focused outreach programme on “Leveraging FTAs for the Gems & Jewellery (G&J) Sector” in Jaipur, in partnership with the Gems & Jewellery Export Promotion Council (GJEPC). Exporters, manufacturers, MSMEs and other industry stakeholders participated in the programme. The workshop is part of the Government’s
Golconda & Ancient Diamonds: A Historical Perspective
Singapore: On the third day of 41st World Diamond Congress, on July 15, distinguished jewellery historian and author, Dr. Usha Balakrishnan, of Mumbai, India, will be presenting a lecture entitled “Golconda and Ancient Diamonds – A Historical Perspective. ” “For nearly 2,000 years, every diamond the world had ever seen came from a mystical land, now known as India. These
