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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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

Read More »

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CIBJO Makes all Blue Books Available Free of Charge

Milan: With the international jewellery and gemstone industry grappling with the challenge of a worldwide economic shutdown, instituted by governments in response to the COVID-19 coronavirus pandemic, CIBJO has announced that it will no longer be charging for downloads of its Blue Book series of industry standards and nomenclature.   The CIBJO Blue Books are definitive sets of grading standards

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Lockdown in India Extended till May 3, 2020

New Delhi: India’s Prime Minister Mr. Narendra Modi has extended lockdown in the country till 3rd May, 2020. In his address to the nation today, Mr. Modi announced that based on the suggestions of the state governments and the experts the nationwide lockdown has been extended till May 3. He added that till April 20 all districts, localities, states will

Read More »

Entry Deadline for JNA Awards Extended

Hong Kong: The JNA Awards is giving interested participants more time to submit their entries for its 9th edition owing to challenges brought about by the Covid-19 pandemic. “As the world is facing an unprecedented challenge due to the outbreak of Covid-19, the JNA Awards has postponed the entry deadline to May 22 to allow more time for preparation,” revealed event organiser

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World Trade may Decline by 13 to 32%: WTO

Mumbai: The World Trade Organisation (WTO) had predicted that world merchandise trade is likely to decline by between 13-32% in 2020 due to the COVID-19 pandemic, according to a summary of the global body’s projections prepared by The Gem & Jewellery Export Promotion Council (GJEPC). The summary is part of the Council’s ongoing drive to keep member-exporters informed about global

Read More »

CIBJO Makes all Blue Books Available Free of Charge

Milan: With the international jewellery and gemstone industry grappling with the challenge of a worldwide economic shutdown, instituted by governments in response to the COVID-19 coronavirus pandemic, CIBJO has announced that it will no longer be charging for downloads of its Blue Book series of industry standards and nomenclature.   The CIBJO Blue Books are definitive sets of grading standards

Read More »

Lockdown in India Extended till May 3, 2020

New Delhi: India’s Prime Minister Mr. Narendra Modi has extended lockdown in the country till 3rd May, 2020. In his address to the nation today, Mr. Modi announced that based on the suggestions of the state governments and the experts the nationwide lockdown has been extended till May 3. He added that till April 20 all districts, localities, states will

Read More »

Entry Deadline for JNA Awards Extended

Hong Kong: The JNA Awards is giving interested participants more time to submit their entries for its 9th edition owing to challenges brought about by the Covid-19 pandemic. “As the world is facing an unprecedented challenge due to the outbreak of Covid-19, the JNA Awards has postponed the entry deadline to May 22 to allow more time for preparation,” revealed event organiser

Read More »

World Trade may Decline by 13 to 32%: WTO

Mumbai: The World Trade Organisation (WTO) had predicted that world merchandise trade is likely to decline by between 13-32% in 2020 due to the COVID-19 pandemic, according to a summary of the global body’s projections prepared by The Gem & Jewellery Export Promotion Council (GJEPC). The summary is part of the Council’s ongoing drive to keep member-exporters informed about global

Read More »

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