We Wish to Build Globally Relevant SKY Gold: Akash Talesara
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Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
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India's Gold Jewellery Exports Tumbled 24% in Jan
Mumbai: India’s gold jewellery exports dropped significantly by more than 24% year-on-year to $397.71 million (Rs. 2,707.58 Crore) in January 2017. Also, the country’s silver jewellery exports recorded marginal drop of nearly 4% to $ 253.60 million (Rs. 1,726.49 Crore). This is in accordance with the latest official monthly data released by the country’s Gem and Jewellery Export Promotion Council
Roberto Coin Brand to be Exhibited in CARAT+
Antwerp: Roberto Coin, one of the world’s most sought-after Italian jewellery brands, has confirmed that it will exhibit at the premiere edition of CARAT+ in Antwerp, May 7 to 9, 2017. With more than 600 new models of fine jewellery created every year, the Roberto Coin brand is today distributed via more than 1,000 points of sales in some 63
ALROSA Discovers 121ct Diamond
Moscow: Joint Stock Company “ALROSA” (PJSC), the largest in the world in terms of diamond production, announces the production of crystal weighing 121.88 carats tube “Jubilee” Aikhal GOK. Transparent yellowish crystal has dimensions 28h18h19,5 mm. Working tube “Jubilee” in an open way since 1989. The project depth of development -. 720 m, the depth of the quarry is currently more
Panel of Judges Reconvenes for JNA Awards 2017
Hong Kong: The annual JNA Awards celebrates its sixth year with a stellar panel of judges consisting of five distinguished experts from the jewellery and gemstone industry. Organised by JNA, the JNA Awards recognises and honours companies and individuals that have demonstrated excellence, innovation and outstanding business performance to shape the growth and development of Asia’s jewellery industry. An independent
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
