Chetan Kumar Mehta Propels Laxmi Diamonds to the Top
PGI Expects 50% Growth Rate in India: Pallavi Sharma
Platinum is Set to Become the Metal of Choice: Sujala Martis
Should Airlines Ban Carrying Gold in Hand?
The Tariff Lag Effect: Why MCX Prices are Still Below
The week ending May 22 was the digestion week. After the policy shock of the previous week (the steepest gold import duty hike on record, a record-low rupee, and a tightening of the Advance Authorisation scheme), price action paused. MCX gold gained just 0.1%, silver was essentially flat. COMEX gold and silver both declined modestly, by 0.8% and 1.7% respectively. The week’s headline numbers reveal almost nothing about what is actually happening in the Indian gold market right now. The
The Tariff Lag Effect: Why MCX Prices are Still Below
The week ending May 22 was the digestion week. After the policy shock of the previous week (the steepest gold import duty hike on record, a record-low rupee, and a tightening of the Advance Authorisation scheme), price action paused. MCX gold gained just 0.1%, silver was essentially flat. COMEX gold and silver both declined modestly, by 0.8% and 1.7% respectively. The week’s headline numbers reveal almost nothing about what is actually happening in the Indian gold market right now. The
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GJEPC Targets 20% Export Boost to UAE with IGJS
Dubai: The 4th edition of the International Gem & Jewellery Show (IGJS) Dubai commenced yesterday, hosted by the Gem & Jewellery Export Promotion Council (GJEPC) of India. This exclusive event, co-sponsored by Suntech Business Solutions and supported by the Dubai Gold & Jewellery Group, brings together the finest of Indian gems and jewellery, reinforcing India’s position as a premier destination
Big FDI Increase in India’s G&J Sector
Mumbai: Foreign Direct Investment (FDI) in India’s gems & jewellery sector witnessed an impressive year-on-year growth of 673% in the first quarter of FY2024, rising to $40 million (INR 330 crore) from $5 million (INR 42 crore) during the same period in 2023. This sharp increase highlights renewed investor confidence in the sector. According to a review by the GJEPC,
Diavik Begins Underground Production
Perth: Rio Tinto’s Diavik diamond mine has officially entered commercial production at its A21 underground mine, marking a significant milestone in the mine’s operations. The successful completion of Phase 1 of the A21 underground project comes after extensive development and construction efforts. The company has also received approval for Phase 2 of the project, with an additional investment of $17
Govt. Offers Duty Waiver for India Jewellery Park
Mumbai: The Maharashtra state government has announced a complete waiver of stamp duty on the first lease of land and subsequent sub-leases within the India Jewellery Park, a project of GJEPC, at Mahape, Navi Mumbai. The decision, outlined in the Maharashtra Government Gazette dated 25th September 2024, aims to encourage investment in the jewellery sector and promote the development of the
GJEPC Targets 20% Export Boost to UAE with IGJS
Dubai: The 4th edition of the International Gem & Jewellery Show (IGJS) Dubai commenced yesterday, hosted by the Gem & Jewellery Export Promotion Council (GJEPC) of India. This exclusive event, co-sponsored by Suntech Business Solutions and supported by the Dubai Gold & Jewellery Group, brings together the finest of Indian gems and jewellery, reinforcing India’s position as a premier destination
Big FDI Increase in India’s G&J Sector
Mumbai: Foreign Direct Investment (FDI) in India’s gems & jewellery sector witnessed an impressive year-on-year growth of 673% in the first quarter of FY2024, rising to $40 million (INR 330 crore) from $5 million (INR 42 crore) during the same period in 2023. This sharp increase highlights renewed investor confidence in the sector. According to a review by the GJEPC,
Diavik Begins Underground Production
Perth: Rio Tinto’s Diavik diamond mine has officially entered commercial production at its A21 underground mine, marking a significant milestone in the mine’s operations. The successful completion of Phase 1 of the A21 underground project comes after extensive development and construction efforts. The company has also received approval for Phase 2 of the project, with an additional investment of $17
Govt. Offers Duty Waiver for India Jewellery Park
Mumbai: The Maharashtra state government has announced a complete waiver of stamp duty on the first lease of land and subsequent sub-leases within the India Jewellery Park, a project of GJEPC, at Mahape, Navi Mumbai. The decision, outlined in the Maharashtra Government Gazette dated 25th September 2024, aims to encourage investment in the jewellery sector and promote the development of the
