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

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GJSCI Promotes India's Traditional Jewellery Art Forms

Mumbai: One of the highlights of the IIJS 2019 was the Craft Pavilion by Gem and Jewellery Skill Council of India (GJSCI), the nodal body for skill development of the Indian Gems & Jewellery industry under the National Skill Development Council (NSDC). India’s traditional Jewellery art forms like Thewa, Gajra, Bindri, Tarakasi, etc, are among the few jewellery forms which today have just a

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GIA India Launched Diamond Origin Report

Mumbai: To help ensure the public trust in gems and jewellery and in an effort to build consumer confidence through transparency and traceability, GIA India has launched the GIA Diamond Origin Report in India on Aug. 9 at their Booth # 1D066. The GIA Diamond Origin Report confirms the country of origin of a polished diamond and includes a full

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GJEPC Donates Rs. 1 Crore Through CRS Initiative

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) through its CSR initiative ‘Jewellers for Hope’ charity dinner raised funds to donate the proceeds towards Indian Army Welfare, Tribal Integrated Development & Education Trust (TIDE) and Shrimad Rajchandra Love & Care (SRLC), held on 8th August, Mumbai. Mr. Pramod Kumar Agrawal, Chairman, GJEPC, hosted Jewellers for Hope charity dinner in the presence of Guest

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Rajesh Exports Reports Mixed 3rd Quarter Results

Bengaluru: (By Evaluate Research) Rajesh Exports [RJEX_IN; Rs.202 billion/US$2.86 billion market cap; US$2.35 million total average daily value traded] reported an increase in revenues and net profit for the first quarter ended June 2019 on a sequential QoQ basis. Revenues for the first quarter came in at Rs.406 bn, down 7.5% YoY but up 18% on a sequential QoQ basis. Even though the revenues decreased on a year on year

Read More »

GJSCI Promotes India's Traditional Jewellery Art Forms

Mumbai: One of the highlights of the IIJS 2019 was the Craft Pavilion by Gem and Jewellery Skill Council of India (GJSCI), the nodal body for skill development of the Indian Gems & Jewellery industry under the National Skill Development Council (NSDC). India’s traditional Jewellery art forms like Thewa, Gajra, Bindri, Tarakasi, etc, are among the few jewellery forms which today have just a

Read More »

GIA India Launched Diamond Origin Report

Mumbai: To help ensure the public trust in gems and jewellery and in an effort to build consumer confidence through transparency and traceability, GIA India has launched the GIA Diamond Origin Report in India on Aug. 9 at their Booth # 1D066. The GIA Diamond Origin Report confirms the country of origin of a polished diamond and includes a full

Read More »

GJEPC Donates Rs. 1 Crore Through CRS Initiative

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) through its CSR initiative ‘Jewellers for Hope’ charity dinner raised funds to donate the proceeds towards Indian Army Welfare, Tribal Integrated Development & Education Trust (TIDE) and Shrimad Rajchandra Love & Care (SRLC), held on 8th August, Mumbai. Mr. Pramod Kumar Agrawal, Chairman, GJEPC, hosted Jewellers for Hope charity dinner in the presence of Guest

Read More »

Rajesh Exports Reports Mixed 3rd Quarter Results

Bengaluru: (By Evaluate Research) Rajesh Exports [RJEX_IN; Rs.202 billion/US$2.86 billion market cap; US$2.35 million total average daily value traded] reported an increase in revenues and net profit for the first quarter ended June 2019 on a sequential QoQ basis. Revenues for the first quarter came in at Rs.406 bn, down 7.5% YoY but up 18% on a sequential QoQ basis. Even though the revenues decreased on a year on year

Read More »

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