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 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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Sarine’s Sales Expected to Grow in Q4
Tel Aviv: Sarine Technologies expects fourth quarter revenue grew significantly as sentiment improved in the Indian diamond manufacturing sector, the diamond equipment supplier said in a trading update. The company projected sales will surpass $18 million during the final three months of 2016, which would imply a 45 percent jump from a year ago but falls in line with the
Nitin Khandelwal Appointed as Chairman of GJF
Mumbai: The All India Gems & Jewellery Trade Federation (GJF), a national trade federation for the promotion and growth of trade in gems and jewellery across India, has appointed Mr. Nitin Khandelwal as Chairman and Mr. Pramod Agarwal as Vice Chairman for a period of two years. The list of other Directors of GJF has been uploaded on the company
GJEPC Guides on “Benefits of Organised Trading”
Mumbai: The Gem & Jewellery Export Promotion Council organised a seminar in Mumbai on 5th January 2017 to create awareness about the benefits of cashless transaction, income tax compliances, as well as on doing business in an organised manner. The seminar was, especially organised for the non-members of the Council who are doing business in an unorganised manner, but have
GJEPC’s Design Inspirations Seminar on 9-10 Feb
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) has announced that its Design Inspirations seminar will be held on February 9th and 10th 2017, in Mumbai. An annual event, each year the seminar explores the design trends paradigm and emerging scenarios through the presentations of expert speakers. The audience is also provided with insights on how the broad trends
Barclays Fined $44 Million over Gold Fix
London: British authorities have fined Barclays, one of five banks that sets the price of gold each day in the London fix, nearly $44 million after a former trader improperly influenced the price-setting mechanism, reports jckonline.com. The British Financial Conduct Authority said that, in 2012, Daniel James Plunkett, a director on the bank’s precious metals desk, placed certain orders meant
GJF Announces Day-Long Interactive Workshop ‘Labham’
Mumbai: The All India Gems and Jewellery Trade Federation (GJF) and all major G&J Trade Associations, has announced the first-ever educational ‘Labham’ programme on 1st June 2014 in Rajkot onwards for all jewellers, manufacturers, traders and other constituents of the G&J businesses in and around Rajkot. It will be held in Chennai on 10th June and in New Delhi on
Gold Prices May Decline to Rs 24,000 by Diwali
Mumbai: Following the Reserve Bank easing the 20:80 gold import norms, India Bullion & Jewellers Association (IBJA) said gold prices are likely to fall to Rs 23,000-24,000 per 10 grams by Diwali as it also expects the Customs duty reduction in the forthcoming Budget, reports The Freepress Journal. “RBI’s easing of 20:80 gold import norms is positive for the gems
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
