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
Top News
GemAtlas Webinar ‘Planning for the New Year’
Mumbai: Ernest (Ernie) Blom, President of World Federation of Diamond Bourses will address members of the trade via Webinar, on Friday the 13th of January, 2017, at 4:00 PM to 5:00 PM IST, live from Johannesburg. At this time of the year, members of the diamonds and jewellery trade are busy planning buying, business activities, advertising exercises and budgets, etc.
Dhamani is Select Atelier for Argyle Pink Diamonds
Mumbai: Rio Tinto is delighted to welcome Middle East luxury jeweller, Dhamani as a Select Atelier for Argyle Pink Diamonds. Dhamani joins an exclusive group of master craftsman and luxury jewellers with access to a direct supply of Australia’s rare Argyle pink diamonds and entrusted with transforming Argyle pink diamonds into exquisite jewellery. Argyle Pink Diamonds manager Josephine Johnson said
Dubai Imposes 5% Import Duty on Gold Jewellery
Mumbai: Dubai has imposed a 5% import duty on gold and diamond jewellery, a move which is likely to hurt Indian exports at a time when demonetization has hit business at home, reports The Economic Times. The new levy may, however, boost bridal jewellery sales in India because many Indian shoppers had turned to Dubai owing to the cheaper gold
Xifu Jewellery Design Competition 2017 Kicks Off
Hong Kong: Organised by JNA & CJNA of UBM Asia, the World Gold Council and the People’s Government of Yantian District, Shenzhen, supported by the Culture, Sports and Tourism Administration of Shenzhen Municipality and exclusively sponsored by Shenzhen Batar Investment Holding Group Limited, the inaugural edition of the Xifu International Gold Wedding Jewellery Design Competition has kicked off with a
GJEPC Urges RBI to Ease Banking Norms to Boost G&J Exports
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has urged the Reserve Bank of India (RBI) to introduce a series of banking and regulatory reforms to strengthen the competitiveness of India’s gem and jewellery (G&J) exports. The Council’s recommendations focus on improving exporters’ access to working capital, reducing compliance bottlenecks, streamlining banking procedures and creating a more facilitative regulatory
GJEPC Highlights Key Policy Priorities at Meeting with CIM
New Delhi: India’s Gem & Jewellery Export Promotion Council (GJEPC) highlighted the industry’s key policy priorities during a meeting chaired by Mr. Piyush Goyal, the Union Minister of Commerce & Industry, with Export Promotion Councils (EPCs) and industry associations in New Delhi on 24 June to review the Export Promotion Mission (EPM). Ashish Borda, Convenor – PMBD, GJEPC, and Sabyasachi
Thangamayil Jewellery, Receives IAGES Accreditation
Madurai: Gold buyers in Tamil Nadu can now purchase their favourite precious metal with complete trust and transparency from Thangamayil Jewellery Limited (TMJL), one of the most recognized chain of jewellery stores in the state. TMJL has officially received its IAGES accreditation, further cementing its commitment to serve its consumers in the most ethical, responsible and sustainable manner. The Indian
Russia to Levy 8% Duty on Rough from Sep.
Moscow: The Russian government has announced that it will impose an 8% export duty on rough diamonds weighing between 0.45 carats and 10.8 carats, as well as on special-size diamonds exceeding 10.8 carats, effective September 1, 2026. The new duty will apply to rough diamonds in weight categories that are considered economically viable for domestic cutting and polishing. Russia had
