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 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
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
Top News
IMF Projects Lower Growth Outlook for India in 20
New Delhi: The International Monetary Fund (IMF) further cut its annual growth forecast for India, as it expects weaker domestic demand to limit an economic recovery, according to media reports. The economy is now expected to expand 7% in the year ending 31 March 2020, 0.3 percentage point slower than IMF’s April projection. In April, the Fund cut India’s growth outlook by
Gems & Jewellery for Exhibitions Exempted from IGST
Mumbai: The gems and jewellery industry will be breathing a sigh of relief, as the Ministry of Finance announced no IGST will be levied on gem and jewellery carried outside of the country for exhibition purpose. Till now, gem & jewellery which was being carried outside of the country even for exhibition/ consignment purpose was attracting IGST at reimport. This comes
The 18th Paris Gemmological Rendez Vous
Paris: The Association Française de Gemmologie (the French Association of Gemmology, AFG) has announced the line-up of speakers for the 18th Paris Gemmological Rendez Vous, its prestigious annual gems symposium, which will take place on September 9, 2019, at: l’ASIEM, 6 rue Albert de Lapparent, Paris, France. The speaker list in alphabetical order is: Alan Bronstein, President of the Natural
AWDC Discontinues Financial Contribution to WTOCD
Antwerp: The Scientific and Technical Research Center for Diamond (WTOCD) can no longer count on the unrestricted financial support from the Antwerp World Diamond Centre (AWDC), the umbrella organization for the Antwerp diamond industry. “The current market situation has led us to take this decision,” says Margaux Donckier, AWDC spokeswoman. The WTOCD was established in 1977 as an independent research center in support
IMF Projects Lower Growth Outlook for India in 20
New Delhi: The International Monetary Fund (IMF) further cut its annual growth forecast for India, as it expects weaker domestic demand to limit an economic recovery, according to media reports. The economy is now expected to expand 7% in the year ending 31 March 2020, 0.3 percentage point slower than IMF’s April projection. In April, the Fund cut India’s growth outlook by
Gems & Jewellery for Exhibitions Exempted from IGST
Mumbai: The gems and jewellery industry will be breathing a sigh of relief, as the Ministry of Finance announced no IGST will be levied on gem and jewellery carried outside of the country for exhibition purpose. Till now, gem & jewellery which was being carried outside of the country even for exhibition/ consignment purpose was attracting IGST at reimport. This comes
The 18th Paris Gemmological Rendez Vous
Paris: The Association Française de Gemmologie (the French Association of Gemmology, AFG) has announced the line-up of speakers for the 18th Paris Gemmological Rendez Vous, its prestigious annual gems symposium, which will take place on September 9, 2019, at: l’ASIEM, 6 rue Albert de Lapparent, Paris, France. The speaker list in alphabetical order is: Alan Bronstein, President of the Natural
AWDC Discontinues Financial Contribution to WTOCD
Antwerp: The Scientific and Technical Research Center for Diamond (WTOCD) can no longer count on the unrestricted financial support from the Antwerp World Diamond Centre (AWDC), the umbrella organization for the Antwerp diamond industry. “The current market situation has led us to take this decision,” says Margaux Donckier, AWDC spokeswoman. The WTOCD was established in 1977 as an independent research center in support
