Gold refiners in
the country are rushing to get a BIS (Bureau of Indian Standards) certification
before the government rolls out its gold monetisation scheme, a move, they hope
will lift their business that has been sagging due to shortage of scrap
gold. Supply of gold to
refineries has dropped 20 per cent from the past year with....Read More
The government in
consultation with Reserve Bank of India (RBI), has decided to issue Sovereign
Gold Bonds. The Bonds will be issued on November 26, 2015, for which
applications will be accepted from November 05, 2015 to November 20, 2015. The
Bonds will be sold through banks and designated post offices....Read More
The Gems and Jewellery Export Promotion Council (GJEPC) and the Bharat
Diamond Boure (BDB) have jointly formed a committee to look into the fraud
committed by the Surat and Mumbai based firms and diamond traders by illegally
upgrading diamond grading reports issued by the Gemological Institute of
America (GIA).....Read More
Krizz, a unit of Kanishk Gold Pvt Ltd
launched its 4th B2B showroom at Kalbadevi road, Mumbai on November 2, 2015.
The one of its kind, is a unique offering by the company, where jewellery
retailers can at their convenience, visit and check the jewellery before
placing the order.....Read More
The Gemological
Institute of America (GIA) held an informative seminar on ‘design strategy’ at
GIA campus in BKC, Mumbai. The seminar was aimed at educating designers and
students of the GJ industry on the interplay between jewellery design and
business strategy.....Read More
Gold fell to its lowest level in four weeks on Monday, extending a
sell-off to a fourth straight session, as investors feared the Federal Reserve
would hike US rates this year. The metal had posted its worst weekly drop in
nine weeks on Friday after the Fed surprised with a direct reference to its
next policy meeting as a possibility for the first US rate hike in nearly a
decade......Read More
