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
Top News
Rajesh Exports Reports Good Results
Mumbai: (By EVALUATE RESEARCH LTD.) Rajesh Exports reported a good set of results for FY03/17 [ended March] which were in-line with our revenue estimate and 3.5% above our EPS estimate. For the full year, revenues were up 46.5% YoY to Rs. 2,421 bn while the net income was up 16.3% YoY to Rs. 12.5 bn [EPS of Rs. 42.20 vs.
Platinum is the Preference of Young Indians
Mumbai: It has been observed by market analysts that young generation is giving preference to platinum over gold and diamond jewellery. According to Platinum Guild International (PGI), the low platinum price in 2016 had retailers stocking up on the precious metal, with Indians and Americans the most likely to put a platinum ring on it. In India platinum demand soared
Coronet by Reena Ahluwalia Makes N. American Debut
Las Vegas: After a successful launch at Baselworld, Coronet® is excited to debut the artistic partnership with world renowned jewellery designer and painter, Reena Ahluwalia at JCK Las Vegas. The much-anticipated spinning diamonds “Inner Brilliance” jewellery collection under ‘Coronet by Reena Ahluwalia’ line is affordable for retailers, inventive and patented. Hong Kong’s top diamond brand, Coronet® of Aaron Shum Jewellery
G&J Industry May Take a Year to Recover After GST
Mumbai: India’s gold jewellery industry may take at least 12 months to recover after implementation of goods and services tax (GST) since the organised segment in the industry comprises only 30 per cent of the trade. “Behavioural change is necessary in both the consumer and the trade and the inherent complexity of the supply chain will need to be factored
Grown Diamonds Gaining Popularity
New York: According to a recent press release by Frost & Sullivan consultancy, there is positive consumer outlook for grown diamonds, but challenging supply side factors restrain their market potential. Demand for colorless diamonds in value and volume terms is higher than any other color of diamond in the gems and jewellery industry. One of the key factors that prevented
Inaugural Ruby Auction Nets $33.5m – Gemfields
Johannesburg: The inaugural auction of rough ruby and corundum mined at Aim-listed Gemfields’ 75%-owned Montepuez deposit, in Mozambique, has raised $33.5-million, taking the coloured-gemstones mining and marketing company’s overall revenue for rough gemstone sales to in excess of $143-million for the current financial year. The auction, held in Singapore from June 12 to 17, had included both high- and low-quality
GJEPC Demands Relaxations from Govt.
Mumbai: The Gems and Jewellery Export Promotion Council (GJEPC) has urged the government to reduce import duty on gold and silver to 2 per cent from 10 per cent. An official News Release received by this website says that the body has also demanded for scrapping the existing 80:20 scheme, which was imposed by the government in August last year,
36th World Diamond Congress Concludes
Antwerp: The 36th World Diamond Congress concluded in Antwerp, Belgium, and reflected strength in the attendance and the presence of international diamond, gem stone and jewellery industry organization delegates. These included the representatives of 30 bourses affiliated to the World Federation of Diamond Bourses (WFDB), 15 members of the International Diamond Manufacturers Association (IDMA), the two bodies that organize the
