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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Trutnev Urges ALROSA to Enter Synthetic Market

Moscow: Yuri Trutnev, Russia’s Deputy Prime Minister and Presidential Envoy to the Far Eastern Federal District urged ALROSA to engage in the production of synthetic diamonds. Trutnev was quoted by TASS as saying that abstaining from the participation in the production of synthetics is not very far-sighted, since synthetic goods have occupied a fairly large stake of the market. Speaking

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Diamonds Hold Promise for Better future for Africa

New York: Diamond-producing countries on the African continent received about $8.1 billion, or 9.5 percent of the $85.9 billion worth of revenues generated by diamond jewelry in 2018, and some still may consider that an insufficient share, said World Diamond Council (WDC) President Stephane Fischler, speaking at the Russia-Africa Summit in Sochi, Russia, on October 23, 2019. But what is indisputable, he stressed,

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IIGJ Mumbai Hosted 13th Convocation Ceremony 2019

Mumbai: The Indian Institute of Gem and Jewellery (IIGJ) Mumbai witnessed a landmark celebration for its 13th Convocation Ceremony for the award of Degree in Bachelor of Arts (Gems & Jewellery) 2019 along with parents, students and esteemed guests. The Institute acknowledged the success and achievement of the graduating students for their sustained hard work, perseverance and dedication by awarding them trophies

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CIBJO Releases Gemmological Special Report

Milan: With fewer than four weeks to go to the opening of the 2019 CIBJO Congress in Manama, Bahrain, on November 18, 2019, the seventh of the CIBJO commissions’ Special Reports has been released. Prepared by the CIBJO Gemmological Commission, headed by Hanco Zwaan, it considers measures that should be taken to ensure that a person reading a laboratory report

Read More »

Trutnev Urges ALROSA to Enter Synthetic Market

Moscow: Yuri Trutnev, Russia’s Deputy Prime Minister and Presidential Envoy to the Far Eastern Federal District urged ALROSA to engage in the production of synthetic diamonds. Trutnev was quoted by TASS as saying that abstaining from the participation in the production of synthetics is not very far-sighted, since synthetic goods have occupied a fairly large stake of the market. Speaking

Read More »

Diamonds Hold Promise for Better future for Africa

New York: Diamond-producing countries on the African continent received about $8.1 billion, or 9.5 percent of the $85.9 billion worth of revenues generated by diamond jewelry in 2018, and some still may consider that an insufficient share, said World Diamond Council (WDC) President Stephane Fischler, speaking at the Russia-Africa Summit in Sochi, Russia, on October 23, 2019. But what is indisputable, he stressed,

Read More »

IIGJ Mumbai Hosted 13th Convocation Ceremony 2019

Mumbai: The Indian Institute of Gem and Jewellery (IIGJ) Mumbai witnessed a landmark celebration for its 13th Convocation Ceremony for the award of Degree in Bachelor of Arts (Gems & Jewellery) 2019 along with parents, students and esteemed guests. The Institute acknowledged the success and achievement of the graduating students for their sustained hard work, perseverance and dedication by awarding them trophies

Read More »

CIBJO Releases Gemmological Special Report

Milan: With fewer than four weeks to go to the opening of the 2019 CIBJO Congress in Manama, Bahrain, on November 18, 2019, the seventh of the CIBJO commissions’ Special Reports has been released. Prepared by the CIBJO Gemmological Commission, headed by Hanco Zwaan, it considers measures that should be taken to ensure that a person reading a laboratory report

Read More »

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