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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IDTC-SNZ Commemorates Year of Its Operations
Mumbai: India Diamond Trading Centre (IDTC), the only Special Notified Zone (SNZ) in the country commemorated its first year of successful operations on 20th December 2016 with participation of over 400 companies in 28 Diamond viewing sessions. The SNZ was created with an objective of ease of doing business in India, making available regular supply of rough diamonds from the
India May Reduce Import Duty on Gold
New Delhi: The Government of India is likely to lower existing import duty on gold from 10% to 6%, reports CNBC-TV18 quoting agencies. This even as there were on-record comments from the government as early as December declining any proposal to cut duty on gold. Speaking to CNBC-TV18 on the development, Sanjeev Bhatia, CFO of PC Jewellers said this would
India's G&J Exports Decline to 20.4% in Nov
Mumbai: India’s exports of gold jewellery (both studded and plain) also slowed down in Nov.2016 declining by 35% to $547.5 mn compared to $844.67 mn in Nov.2015, according to provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC). The exports from the gem and jewellery sector during Nov.2016 stood at $2.47 bn, a decline of 20.4% over
Landmark Ruling Forces Rough Diamond Refund
Ramat Gan: The Israel Diamond Exchange (IDE) ordered a dealer to cancel the sale of a rough diamond after he failed to comply with new guidelines requiring sellers to disclose if a stone has undergone value analysis using a Sarine Galaxy machine, reports Rapaport. The arbitration is the first of its kind, sources familiar with the case told Rapaport News.
MMTC-PAMP Unveils Lord Shiva 50gm Silver Bar
Mumbai: MMTC-PAMP, India’s only London Bullion Market Association (LBMA) accredited Good Delivery gold & silver refiner, has launched the Lord Shiva 50 grams 999.9+ purity Silver Bar, an exceptional collectible that celebrates the timeless devotion to Lord Shiva, a deity deeply revered in Hinduism. This silver bar is a spiritual masterpiece, a visual embodiment of Lord Shiva’s cosmic power, serenity,
IIGJ Mumbai Opens Modern Campus to Power Industry Growth
Mumbai: The Indian Institute of Gems & Jewellery (IIGJ), Mumbai, took a significant leap forward in its journey of growth with the inauguration of its newly modernized, state-of-the-art campus. The launch marks a new chapter for the institute, reinforcing its role as a centre of excellence in gems and jewellery education, skill development, and innovation. The ceremony was graced by
Progress in Harmonization of Language used on Gemological Reports
Mumbai: The Laboratory Manual Harmonization Committee (LMHC) has reported significant progress towards its goal of achieving the harmonisation of language used on gemmological reports, following its latest meeting, which was hosted by the Swiss Gemmological Institute – SSEF, in Basel, Switzerland, in May. Following the meeting, LMHC members unanimously approved three new information sheets that standardise terminology and testing procedures, and
GJEPC Urges Finance Minister for Urgent Relief
New Delhi: India’s Gem & Jewellery Export Promotion Council (GJEPC) leadership, led by Chairman Mr. Kirit Bhansali, along with Vice Chairman Mr. Shaunak Parikh and Executive Director Mr. Sabyasachi Ray, met the Hon’ble Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman recently to seek urgent relief measures for the gem and jewellery sector, which has been severely impacted by
