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 Week the Indian Gold Market Changed: A Rupee Crisis Meets a Duty Shock
Macro Snapshot: The week ending May 15 was the most consequential week of the year for the Indian gold and silver trade, not because of what happened to international prices, but because of what happened in India. Two simultaneous shocks reshaped the domestic market: a near 1.6% rupee depreciation to a fresh record low of 95.98 per dollar on Friday, and a Wednesday government decision to raise the gold and silver import duty from 6% to 15%, followed by a
The Week the Indian Gold Market Changed: A Rupee Crisis Meets a Duty Shock
Macro Snapshot: The week ending May 15 was the most consequential week of the year for the Indian gold and silver trade, not because of what happened to international prices, but because of what happened in India. Two simultaneous shocks reshaped the domestic market: a near 1.6% rupee depreciation to a fresh record low of 95.98 per dollar on Friday, and a Wednesday government decision to raise the gold and silver import duty from 6% to 15%, followed by a
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Rajesh Exports Reported Robust Growth
Bengaluru (By Evaluate Research): Rajesh Exports has reported robust growth in net profit, much ahead of our expectations, on a sequential QoQ basis, despite a global economic slowdown and a higher gold price, indicating business performance is surely recovering. Net profit for the fiscal third quarter [ended December] came in at Rs.2276 mn, up 32% on a sequential QoQ basis. The
Minor Decrease in Fancy Color Diamond Prices
New York: The Fancy Color Research Foundation (FCRF) recently announced the Fancy Color Diamond INDEX results for Q4 and a summary of 2020. Q4 Results: PinkThe prices of all Pink diamonds overall remained without a change in Q4 2020, with Fancy and Fancy Intense categories presenting a slight increase. The 1.00-1.49 and 2.00 to 2.99 carats segments presented an increase of 0.4% and 0.6% respectively, with the
India's G&J Exports Fell 37% in Apr-Jan: GJEPC
Mumbai: India’s gems and jewellery (G&J) exports dipped 7.8 per cent in January to USD 2.7 billion as against $2.9 billion a year ago, according to data provided by the Gem Jewellery Export Promotion Council (GJEPC). During April-January 2021, exports declined about 37 per cent to $19.24 billion as compared with $30.52 billion during the 10 months of 2019-20, the
GJEPC Hails 'Atmanirbharta' Proposed by Government
Mumbai: The Gem and Jewellery Export Promotion Council of India (GJEPC), the apex body for promotion of gems and jewellery exports, hails Government of India for the latest amendments made in the Gold Monetisation Scheme. GJEPC lauds Government’s decision of inclusion of jewellers as CPTCs and introduction of SoP for retailers on how to operate under GMS. The Council is
Rajesh Exports Reported Robust Growth
Bengaluru (By Evaluate Research): Rajesh Exports has reported robust growth in net profit, much ahead of our expectations, on a sequential QoQ basis, despite a global economic slowdown and a higher gold price, indicating business performance is surely recovering. Net profit for the fiscal third quarter [ended December] came in at Rs.2276 mn, up 32% on a sequential QoQ basis. The
Minor Decrease in Fancy Color Diamond Prices
New York: The Fancy Color Research Foundation (FCRF) recently announced the Fancy Color Diamond INDEX results for Q4 and a summary of 2020. Q4 Results: PinkThe prices of all Pink diamonds overall remained without a change in Q4 2020, with Fancy and Fancy Intense categories presenting a slight increase. The 1.00-1.49 and 2.00 to 2.99 carats segments presented an increase of 0.4% and 0.6% respectively, with the
India's G&J Exports Fell 37% in Apr-Jan: GJEPC
Mumbai: India’s gems and jewellery (G&J) exports dipped 7.8 per cent in January to USD 2.7 billion as against $2.9 billion a year ago, according to data provided by the Gem Jewellery Export Promotion Council (GJEPC). During April-January 2021, exports declined about 37 per cent to $19.24 billion as compared with $30.52 billion during the 10 months of 2019-20, the
GJEPC Hails 'Atmanirbharta' Proposed by Government
Mumbai: The Gem and Jewellery Export Promotion Council of India (GJEPC), the apex body for promotion of gems and jewellery exports, hails Government of India for the latest amendments made in the Gold Monetisation Scheme. GJEPC lauds Government’s decision of inclusion of jewellers as CPTCs and introduction of SoP for retailers on how to operate under GMS. The Council is
