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
Registration for CIBJO Congress 2017 Opens
Milan: Registration for the 2017 congress of CIBJO, the World Jewellery Confederation, is now open. Delegates and other participants may register for the congress, as well as book hotel rooms, via a dedicated congress website located at: http://www.cibjo.org/congress2017. The 2017 CIBJO Congress will take place in Bangkok, Thailand, November 5-7, 2017, with pre-congress meetings beginning on November 2. The World
Gold Imports Fall By 35.45% in Ahmedabad
Ahmedabad: Gold imports in Ahmedabad declined in April. According to data from the Ahmedabad Air Cargo Complex, gold imports in April fell by 35.45% from March. Last month, 7.39 metric tonnes of yellow material was imported against 11.45 metric tonnes in March; this despite the fact that gold jewellery market was buoyant owing to Akshaya Tritiya last week. On the
GST Fear Grips India's Gem Exporters
Mumbai: Political uncertainty in Europe coupled with the fear that the government will bring gem and jewellery exports and imports under GST are worrying exporters, even though the overall exports in FY17 have risen by 9.85% over FY16. In value terms, total exports of gem and jewellery stood at $43.15 billion in FY17 compared with $39.24 billion in FY16, reports
Kimberley Process Intersessional Kicks Off in Australia
Perth: Australia’s term as Chair of the Kimberley Process (KP) kicked off on Monday at the KP Intersessional Meeting in Perth, which runs from May 1 – 4. The focus of this year’s meeting is the start of the Kimberley Process Certification Scheme (KPCS) review cycle in order to strengthen the Kimberley Process. According to a World Diamond Council (WDC)
Registration for CIBJO Congress 2017 Opens
Milan: Registration for the 2017 congress of CIBJO, the World Jewellery Confederation, is now open. Delegates and other participants may register for the congress, as well as book hotel rooms, via a dedicated congress website located at: http://www.cibjo.org/congress2017. The 2017 CIBJO Congress will take place in Bangkok, Thailand, November 5-7, 2017, with pre-congress meetings beginning on November 2. The World
Gold Imports Fall By 35.45% in Ahmedabad
Ahmedabad: Gold imports in Ahmedabad declined in April. According to data from the Ahmedabad Air Cargo Complex, gold imports in April fell by 35.45% from March. Last month, 7.39 metric tonnes of yellow material was imported against 11.45 metric tonnes in March; this despite the fact that gold jewellery market was buoyant owing to Akshaya Tritiya last week. On the
GST Fear Grips India's Gem Exporters
Mumbai: Political uncertainty in Europe coupled with the fear that the government will bring gem and jewellery exports and imports under GST are worrying exporters, even though the overall exports in FY17 have risen by 9.85% over FY16. In value terms, total exports of gem and jewellery stood at $43.15 billion in FY17 compared with $39.24 billion in FY16, reports
Kimberley Process Intersessional Kicks Off in Australia
Perth: Australia’s term as Chair of the Kimberley Process (KP) kicked off on Monday at the KP Intersessional Meeting in Perth, which runs from May 1 – 4. The focus of this year’s meeting is the start of the Kimberley Process Certification Scheme (KPCS) review cycle in order to strengthen the Kimberley Process. According to a World Diamond Council (WDC)
