Tuesday, 31 May 2016
George Alexander Muthoot , MD, Muthoot Finance does not believe that gold finance companies are fully dependent on gold prices. According to him, gold loans are loans given for personal purposes Read More
The Gemological Institute of America (GIA) is piloting a service to sift out synthetics and treated diamonds from melee. Read More
PC Jewellers today reported over 34 per cent fall in standalone net profit at Rs 79.05 crore in the fourth quarter of the 2015-16 fiscal on poor sales. The company had posted a net profit of Rs 120.13 crore in the same quarter of 2014-15, it said in a BSE filing. Read More
Israeli diamonds will shine once again at JCK Las Vegas, which takes place from June 3 to June 6, 2016. The Israeli Diamond Industry will again be among the largest international exhibitor groups, with some 60 Israeli diamond companies participating. According to the Israel Diamond Institute Read More
Gold is unlikely to break significantly below $1,200 an ounce over them on despite the metal having corrected 3% last week on the US central bank rate hike anticipations by the market, options data on CME Group’s Comex division last Friday shows.
The government has rolled back the Budget decision of charging 1% tax collection at source (TCS) on cash purchases of gold worth over Rs 2 lakh much to the relief of potential customers and jewellers Read More