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

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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

Read More »

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Men's Platinum Jewellery Grows by 130%

Mumbai: The demand for platinum jewellery for men has been on a steady upswing in recent years. With a registered growth of 130% YOY, men’s platinum jewellery is one of the fastest growing segments in precious jewellery. The increasing demand for platinum chains and bracelets for men in the past few years, indicates the promising growth of this category. The

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CIBJO Certified as Carbon Neutral in 2016

Milan: For the fourth consecutive year, CIBJO, the World Jewellery Confederation, has been certified as carbon neutral, after offsetting its greenhouse gas emissions for 2016. It did so as part of its own Greenhouse Gas Measurement Initiative, which it launched in 2014 to promote environmental consciousness and responsibility in the greater jewellery industry. To become carbon neutral, CIBJO’s carbon footprint

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Jewellers Out of Money Laundering Act

New Delhi: The GST Council on Friday eased rules for exporters and gave relief to small and medium scale enterprises (SMEs) on filing returns and paying taxes, 3 months after the Goods and Services Tax legislation came into effect since July 1. In the 22nd GST Council meeting, taxes were cut on more than two dozen items. The government will

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Jewellers Happy Over Relief on PMLA

Mumbai: All India Gems and Jewellery Trade Federation (GJF), national nodal trade body for the promotion and growth of trade in gems and jewellery across India, welcomed the Government’s decision to keep Gems & Jewellery Industry out of the ambit of Prevention of Money Laundering Act (PMLA). Over the past few weeks, GJF along with Industry delegates had series of

Read More »

Men's Platinum Jewellery Grows by 130%

Mumbai: The demand for platinum jewellery for men has been on a steady upswing in recent years. With a registered growth of 130% YOY, men’s platinum jewellery is one of the fastest growing segments in precious jewellery. The increasing demand for platinum chains and bracelets for men in the past few years, indicates the promising growth of this category. The

Read More »

CIBJO Certified as Carbon Neutral in 2016

Milan: For the fourth consecutive year, CIBJO, the World Jewellery Confederation, has been certified as carbon neutral, after offsetting its greenhouse gas emissions for 2016. It did so as part of its own Greenhouse Gas Measurement Initiative, which it launched in 2014 to promote environmental consciousness and responsibility in the greater jewellery industry. To become carbon neutral, CIBJO’s carbon footprint

Read More »

Jewellers Out of Money Laundering Act

New Delhi: The GST Council on Friday eased rules for exporters and gave relief to small and medium scale enterprises (SMEs) on filing returns and paying taxes, 3 months after the Goods and Services Tax legislation came into effect since July 1. In the 22nd GST Council meeting, taxes were cut on more than two dozen items. The government will

Read More »

Jewellers Happy Over Relief on PMLA

Mumbai: All India Gems and Jewellery Trade Federation (GJF), national nodal trade body for the promotion and growth of trade in gems and jewellery across India, welcomed the Government’s decision to keep Gems & Jewellery Industry out of the ambit of Prevention of Money Laundering Act (PMLA). Over the past few weeks, GJF along with Industry delegates had series of

Read More »

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