Chetan Kumar Mehta Propels Laxmi Diamonds to the Top
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Should Airlines Ban Carrying Gold in Hand?
The Selloff Deepens, but Demand is Answering: Are Gold-Silver Nearing a Floor?
Macro Snapshot: Two events defined the week ending June 12. On Monday June 9, White House officials indicated that US-Iran nuclear negotiations were making positive progress; oil prices dropped immediately, with WTI crude falling approximately 4% to $87.61 and Brent losing 3.5% to $90.92. Then on Tuesday June 10, the Bureau of Labor Statistics released the May CPI: headline inflation accelerated to 4.2% year-on-year, the highest reading since April 2023, up from 3.8% in April. The monthly increase was 0.5%,
The Selloff Deepens, but Demand is Answering: Are Gold-Silver Nearing a Floor?
Macro Snapshot: Two events defined the week ending June 12. On Monday June 9, White House officials indicated that US-Iran nuclear negotiations were making positive progress; oil prices dropped immediately, with WTI crude falling approximately 4% to $87.61 and Brent losing 3.5% to $90.92. Then on Tuesday June 10, the Bureau of Labor Statistics released the May CPI: headline inflation accelerated to 4.2% year-on-year, the highest reading since April 2023, up from 3.8% in April. The monthly increase was 0.5%,
Top News
Gem-A’s New Issue of The Journal of Gemmology
London: The Gemmological Association of Great Britain (Gem-A) has launched the latest issue of its academic publication, The Journal of Gemmology (Volume 39, No. 2, 2024). Released digitally on June 25, this issue contains news and research from the international gemmological community, including an article focusing on the geographic origin determination of high-quality green jadeite-omphacite jade from Myanmar, Guatemala and Italy. The
Guatemala BSM Opens New Doors for Exports
Guatemala: GJEPC along with the Embassy of India in Guatemala successfully conducted a hybrid Buyer-Seller Meet (BSM) to promote Indian gems and jewellery in the Central American market. The event held on 24th June was graced by His Excellency Dr. Manoj Kumar Mohapatra, Ambassador of India to Guatemala, who delivered the welcome address, and Mr. Ramesh C. Khulbey, Head of Chancery
GJEPC Presents Pre-Budget Recommendations
New Delhi: India’s GJEPC Chairman Mr. Vipul Shah presented key recommendations for the gem & jewellery trade at yesterday’s pre-budget meeting with Union Finance Minister Mrs. Nirmala Sitharaman. Mr. Shah said, “The Indian gems and jewellery industry contributes around 10% to India’s total merchandise exports. However, the industry is currently facing some challenges due to the geopolitical scenario, the emergence
Sanctions: EU Extends Sunrise Period
Antwerp: European Union (EU) is extending the “sunrise period” for the traceability of sanctioned Russian diamonds by six months, and allowing trade in “grandfathered stock” – goods imported before restrictions were imposed. Both announcements were made yesterday as part of its 14th package of sanctions, according to the AWDC (Antwerp World Diamond Centre), which has been calling for concessions. The
Gem-A’s New Issue of The Journal of Gemmology
London: The Gemmological Association of Great Britain (Gem-A) has launched the latest issue of its academic publication, The Journal of Gemmology (Volume 39, No. 2, 2024). Released digitally on June 25, this issue contains news and research from the international gemmological community, including an article focusing on the geographic origin determination of high-quality green jadeite-omphacite jade from Myanmar, Guatemala and Italy. The
Guatemala BSM Opens New Doors for Exports
Guatemala: GJEPC along with the Embassy of India in Guatemala successfully conducted a hybrid Buyer-Seller Meet (BSM) to promote Indian gems and jewellery in the Central American market. The event held on 24th June was graced by His Excellency Dr. Manoj Kumar Mohapatra, Ambassador of India to Guatemala, who delivered the welcome address, and Mr. Ramesh C. Khulbey, Head of Chancery
GJEPC Presents Pre-Budget Recommendations
New Delhi: India’s GJEPC Chairman Mr. Vipul Shah presented key recommendations for the gem & jewellery trade at yesterday’s pre-budget meeting with Union Finance Minister Mrs. Nirmala Sitharaman. Mr. Shah said, “The Indian gems and jewellery industry contributes around 10% to India’s total merchandise exports. However, the industry is currently facing some challenges due to the geopolitical scenario, the emergence
Sanctions: EU Extends Sunrise Period
Antwerp: European Union (EU) is extending the “sunrise period” for the traceability of sanctioned Russian diamonds by six months, and allowing trade in “grandfathered stock” – goods imported before restrictions were imposed. Both announcements were made yesterday as part of its 14th package of sanctions, according to the AWDC (Antwerp World Diamond Centre), which has been calling for concessions. The
