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 200-Day Held: Now Comes the Test That Decides Whether the Bounce is a Reversal
Macro Snapshot: The week ending July 3 broke a five-week decline for both gold and silver. Gold posted its first weekly gain since late May and silver led the recovery with a much larger move. The trigger was a weaker-than-expected US jobs report, which reset rate-hike expectations and pushed the dollar to its largest weekly decline since April. Layered underneath were two other significant developments: the release of the World Gold Council’s Mid-Year Outlook on Tuesday July 1 (covered in
The 200-Day Held: Now Comes the Test That Decides Whether the Bounce is a Reversal
Macro Snapshot: The week ending July 3 broke a five-week decline for both gold and silver. Gold posted its first weekly gain since late May and silver led the recovery with a much larger move. The trigger was a weaker-than-expected US jobs report, which reset rate-hike expectations and pushed the dollar to its largest weekly decline since April. Layered underneath were two other significant developments: the release of the World Gold Council’s Mid-Year Outlook on Tuesday July 1 (covered in
Top News
India Gold & Jewellery Summit ends With Success
New Delhi: The first-ever two-day national summit (India Gold & Jewellery Summit) organized by the Gem & Jewellery Export Promotion Council (GJEPC) with Lead Partner World Gold Council (WGC) over the weekend concluded on a positive note as the Hon’ble Union Minister of Commerce & Industry Shri Suresh Prabhu and Commerce Secretary Ms. Rita Teaotia underlined the need of a
GJF President Expresses Concern
Mumbai: Mr. Nitin Khandelwal, Chairman, All India Gems and Jewellery Trade Federation (GJF) has expressed concern over unconfirmed reports that the Union Finance Ministry is being urged to work on a package to reduce the import duty of gold while increasing the GST (Goods and Services Tax) rates for the Gems & Jewellery sector. “Based on Revenue Equivalent Principle, we
De Beers Plans for Forward Contracts
De Beers Group announced that its Auction Sales business is to transition Fixed-Price Forward Contracts to core business status, following the success of the pilot programme that was launched in January 2017. Fixed-Price Forward Contracts offer the opportunity for Auction Sales customers to secure guaranteed access to bespoke future supply contracts, with certainty over the price to be paid when
CIBJO Supports De Beers Plan on Blockchain Tech.
Milan: CIBJO President Gaetano Cavalieri has voiced the World Jewellery Confederation’s support for a De Beers development project that employs blockchain technology, which was announced on December 4 by the group’s CEO, Bruce Cleaver. When operational, it should enable a diamond’s journey through the value chain to be recorded in a secure digital registry by all parties handling the stone,
India Gold & Jewellery Summit ends With Success
New Delhi: The first-ever two-day national summit (India Gold & Jewellery Summit) organized by the Gem & Jewellery Export Promotion Council (GJEPC) with Lead Partner World Gold Council (WGC) over the weekend concluded on a positive note as the Hon’ble Union Minister of Commerce & Industry Shri Suresh Prabhu and Commerce Secretary Ms. Rita Teaotia underlined the need of a
GJF President Expresses Concern
Mumbai: Mr. Nitin Khandelwal, Chairman, All India Gems and Jewellery Trade Federation (GJF) has expressed concern over unconfirmed reports that the Union Finance Ministry is being urged to work on a package to reduce the import duty of gold while increasing the GST (Goods and Services Tax) rates for the Gems & Jewellery sector. “Based on Revenue Equivalent Principle, we
De Beers Plans for Forward Contracts
De Beers Group announced that its Auction Sales business is to transition Fixed-Price Forward Contracts to core business status, following the success of the pilot programme that was launched in January 2017. Fixed-Price Forward Contracts offer the opportunity for Auction Sales customers to secure guaranteed access to bespoke future supply contracts, with certainty over the price to be paid when
CIBJO Supports De Beers Plan on Blockchain Tech.
Milan: CIBJO President Gaetano Cavalieri has voiced the World Jewellery Confederation’s support for a De Beers development project that employs blockchain technology, which was announced on December 4 by the group’s CEO, Bruce Cleaver. When operational, it should enable a diamond’s journey through the value chain to be recorded in a secure digital registry by all parties handling the stone,
