We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Hawkish Fed Comments on Inflation Landed Right at Both Metals’ Supply Zones, and the Correction Wrote Itself
Macro Snapshot: The correction in gold and silver during the week ending August 28 was a confluence event. Both metals had rallied into well-defined supply zones (gold at ₹162,000-164,000, silver at ₹244,000-248,000) and were showing early signs of exhaustion. Into that setup, the July PCE release on August 26 came in hot on the headline (3.7% year over year against 3.6% consensus), and Federal Reserve Chair Kevin Warsh’s August 28 Jackson Hole address leaned decisively hawkish on inflation. The trigger
Hawkish Fed Comments on Inflation Landed Right at Both Metals’ Supply Zones, and the Correction Wrote Itself
Macro Snapshot: The correction in gold and silver during the week ending August 28 was a confluence event. Both metals had rallied into well-defined supply zones (gold at ₹162,000-164,000, silver at ₹244,000-248,000) and were showing early signs of exhaustion. Into that setup, the July PCE release on August 26 came in hot on the headline (3.7% year over year against 3.6% consensus), and Federal Reserve Chair Kevin Warsh’s August 28 Jackson Hole address leaned decisively hawkish on inflation. The trigger
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GJEPC Seeks Clarification on Mandatory Hallmarking
While the Hallmarking Order excludes exporters, the GJEPC has called on the authorities to “explicitly clarify that jewellers having transactions only in the export stream are completely excluded from the purview of the Hallmarking Order.” The GJEPC chairman Mr. Colin Shah pointed out operational challenges brought on by the fact that all exporters maintain common inventory for both export and
Diamond Prices Set to Rise by 5% in 2021
London: UK investment bank Liberum has forecast a 5% rise in diamond prices in 2021, pointing to what it sees as a lingering market deficit as supply remains weak in the wake of the pandemic. central forecast is for the global composite price to rise to US$182/ct in 2021, rising 2% per year thereafter, according to a report published in
Second Tranche of SGB Opens on 24th May
New Delhi: The second tranche of the sovereign gold bond scheme 2021-22 opens for subscription on Monday (May 24, 2021). According to the Reserve Bank of India’s schedule set for the gold bond scheme 2021-22, the second tranche window will be open for investors between May 24 and May 28. In a statement on Friday, May 21, the Ministry of
India-Morocco Look to Strengthen Ties in G-J Sector
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) and Embassy of India, Morocco, jointly organised the India Global Connect on 20th May, 2021. The objective of the meet was to understand the current business scenario with regard to the gem and jewellery sector and have discussions among manufacturers, exporters and importers of both the countries, and initiate a dialogue, explore trade opportunities
GJEPC Seeks Clarification on Mandatory Hallmarking
While the Hallmarking Order excludes exporters, the GJEPC has called on the authorities to “explicitly clarify that jewellers having transactions only in the export stream are completely excluded from the purview of the Hallmarking Order.” The GJEPC chairman Mr. Colin Shah pointed out operational challenges brought on by the fact that all exporters maintain common inventory for both export and
Diamond Prices Set to Rise by 5% in 2021
London: UK investment bank Liberum has forecast a 5% rise in diamond prices in 2021, pointing to what it sees as a lingering market deficit as supply remains weak in the wake of the pandemic. central forecast is for the global composite price to rise to US$182/ct in 2021, rising 2% per year thereafter, according to a report published in
Second Tranche of SGB Opens on 24th May
New Delhi: The second tranche of the sovereign gold bond scheme 2021-22 opens for subscription on Monday (May 24, 2021). According to the Reserve Bank of India’s schedule set for the gold bond scheme 2021-22, the second tranche window will be open for investors between May 24 and May 28. In a statement on Friday, May 21, the Ministry of
India-Morocco Look to Strengthen Ties in G-J Sector
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) and Embassy of India, Morocco, jointly organised the India Global Connect on 20th May, 2021. The objective of the meet was to understand the current business scenario with regard to the gem and jewellery sector and have discussions among manufacturers, exporters and importers of both the countries, and initiate a dialogue, explore trade opportunities
