read more
Wednesday, 30 April 2014
Coloured gems highlights Sotheby's NY sale
read more
Shanghai's jewellery sales up 2.2% in Q1
Smuggling racket; 34kg of gold from Lanka seized in Chennai
Mumbai firms making Surat their new diamond capital
Good sales expected during Akshaya Tritiya in spite of elections and slow economy
With Akshaya Tritiya round the corner, both jewellers and customers have
a reason to cheer. Jewellers have announced discounts on gold and
diamond jewellery for the auspicious day, which sees a spurt in the sale
of gold every year. read more
India's gem and jewellery export dip 11% last fiscal: GJEPC
Gem and jewellery exports declined 11 per cent in 2013-14 to $34.7
billion, said Vipul Shah, chairman, Gem and Jewellery Export Promotion
Council (GJEPC). The Council has said the fall was due to stringent gold
import policies implemented from July. read more
Tuesday, 29 April 2014
Carat Ruby Crystal weighing 100 pounds to be auctioned by Bonhams
Chinese gold imports from Hong Kong jump 27% in Q1
Saudi Arabia seizures 7% of global diamond trade: Report
Saudi Arabia's market has captured seven per cent of the global trade and business in diamonds, according to a report.
Thanks to its high purchasing power the Saudi jewellery shows have
become prominent platforms at the level of the Middle East to showcase
the country's position, read more
De Beers diamond inscriptions hit 1 million mark
Gold futures down on profit-taking; gold prices fall 0.45%
Indian jewellers count on Akshaya Tritya season to boost sales
Gold jewellers in India, the worlds largest consumer after China, are
banking on a surge in demand at the countrys second-biggest bullion
buying festival this week to end a sales slowdown caused by import
curbs. read more
Gold below $1,300; strong US data offset Ukraine tensions
Monday, 28 April 2014
UN ready to scrap embargo on Ivory Coast Diamonds
The United Nations Security Council will vote on Tuesday to quash the
decade-long embargo on diamonds from the Ivory Coast. According to one
diplomat interviewed by the French news agency, the fifteen members of
the Security Council are in unanimous agreement that the sanctions
should be scrapped. In November 2013, the Kimberley Process signalled to
the UN that the ban on Ivorian diamonds was no longer necessary. read more
London's Gold Fixing process to be observed by UKs financial conduct authority
Regulators are stepping up their scrutiny of how gold prices are set,
with officials from Britain's Financial Conduct Authority visiting
Societe Generale to observe the so-called London fixing process, two
people with knowledge of the matter said.
read more
read more
Swarovski rides high on premium, jewellery business in India
Much has changed for Swarovski in India from the time a certain maharaja
used to approach Sukanya Dutta Roy, its consumer goods business
director here, for specific designs. When Swarovski entered the country,
its image was that of a company that produces only luxury products.
Since then Swarovski has learnt a lot and changed accordingly. read more
Synthetic diamond; a growing market in India
The provenance of diamonds has long been the mines. Having patiently
been cultivated by the earth over millions of years, these rocks were
prized as much for their clarity as their rarity. Then of course labs
came along, muscled in on the earth's area of expertise and promised to
grow diamonds in a petridish. Now, there are pressure cookers that
hasten up the process and bake a diamond in flat 24 hours. read more
Gold advances to highest in more than a week on Ukraine crisis
Amazon continues to lobby in India for FDI in e-commerce
Elections may dampen jewellery demand on Akshaya Tritiya: Experts

India's gold import curbs will be regularized: Mayaram
Friday, 25 April 2014
De Beers 1Q production up 18%
De Beers production rose 18 per cent year on year to 7.532 million
carats in the first quarter of 2014, Anglo American reported. The
increase was largely due to easy comparisons since one year ago
production was impacted by plant maintenance at the Orapa mine in
Botswana and the on-going recovery of a slope failure at the Jwaneng
mine. read more
US exports a record amount of gold to Hong Kong in January
The
figures are out and it looks like the United States exported a record
amount of gold to Hong Kong in January. Last year, the US exported a
total of 215 metric tons of gold bullion to Hong Kong. This was not the
total amount of gold exported to Hong Kong as some smaller quantities
of Dore and precipitates made their way into the country as well. read more
GIA hosts Gemstone Gathering in Bangkok on April 30
A decade ago, a gemmologist and his friends journeyed to Pailin, a small
Cambodian town surrounded by jungle, volcanoes and rivers, to get a
rare glimpse into its gem mining world. In search of a translator at the
Samaki market, they encountered a local English-speaker knowledgeable
about gems who would forever change their views on field gemology. read more
Indian stocks continue to outshine gold and silver
Indian stocks continue to outshine gold and silver when it comes to
adding to investors' wealth by giving returns of 8 per cent so far this
year.
read more
read more
Leading Indian jewellers make their first visit to Rio Tinto's Argyle mine
Twenty leading Indian jewellery companies have made a historical first
visit to Rio Tintos Argyle diamond mine in the remote east Kimberley
region of Western Australia.
read more
read more
Indian Jewellers in a fix on Govts new rule on instalment schemes
Jewellers across India are in a spot of bother after the new Companies
Act and allied rules came into force this month, impacting popular gold
schemes that gave them access to capital.
read more
read more
Thursday, 24 April 2014
US chain-store sales up 2%
US
chain-store sales increased 1.9 per cent year on year for the week that
ended on April 19, according to the International Council of Shopping
Centers (ICSC) and Goldman Sachs. Comparable-store sales improved just
0.4 per cent from the previous week.
read more
read more
CIBJO Ethics Commission publishes special report
With
fewer than four weeks away before the opening of the 2014 CIBJO
Congress in Moscow on May 19, 2014, the fifth of the CIBJO commissions'
special reports has been released. Prepared by the CIBJO Ethics
Commission, headed by Cecilia Gardner, the report looks specifically at
ethical advertising principles and standards for the gemstone and
jewelry sectors. read more
Anglo Asian increases Azerbaijan gold output by 32%
Azerbaijan's main gold producer said it had increased output by 32 per
cent in the first quarter of 2014 and set a target of 62,000 to 67,000
ounces for the year, up as much as 28.7 per cent from production in
2013.
read more
read more
Dubai Global Gold Centre on continuing bullion demand

read more
Gold edges up, but holds near 2-1/2-month low as equities rally
Gold edged up on Thursday but held near a more than two-month low with a
rally in equities dimming its appeal as an alternative investment,
while demand from jewellers was also muted as they waited for prices to
drop further.
read more
read more
Credit card purchase dominate the jewellery segment in India: RBI
Of the 369 million debit and credit cards in the country, 10-15 per cent
are used only for online transactions, the Reserve Bank said.
India is one of the fastest-growing countries in the plastic money segment, with close to 350 million debit cards and 19 million credit cards in circulation.
read more
India is one of the fastest-growing countries in the plastic money segment, with close to 350 million debit cards and 19 million credit cards in circulation.
read more
India's gold import likely to decline in April and May
While comparing with March, Indias gold import is likely to decline in
April and May as India has restricted money flow in order to raise
curtain for the general elections. According to the officials, the
governments stringent restriction over money has knocked down the
purchasing power of the customers. read more
Wednesday, 23 April 2014
GIA appoints Matt Crimmin VP of laboratory operations
The GIA has named Matt Crimmin vice president of laboratory operations, focusing on Africa and the Middle East.
Crimmin comes to GIA from Procter and Gamble but has spent much of his career at GIA. read more
Crimmin comes to GIA from Procter and Gamble but has spent much of his career at GIA. read more
China's gold, silver and jewellery retail sales down 6.1% in March
The
retail sales of gold and silver products, and finished jewellery in
China totalled RMB 22.3 billion (US $3.58 billion), down 6.1 per cent in
March compared with the same month last year, according to the recent
data released by the National Bureau of Statistics of China. read more
Apple extends company's trademark to include 'jewellery and watches'
Apple is extending its company trademark to include jewelry and watches ahead of a rumored iWatch device. Last June, Apple began registering for 'iWatch' trademarks; however,
it is now updating its actual company name registration to cover
jewelry and watches. read more
Nearly 219 kg of gold seized from Kerala airports in one year
Smuggled gold to the tune of 219 kg, which is worth Rs 76.65 crore, was
seized from international airports in Kerala during the last one year
ending April 20, 2014.
read more
read more
Gold above 10-week low as investors weigh Ukraine, US recovery
Gold
traded above a 10-week low as improvements in the US economy were
weighed against tension in Ukraine and signs of higher demand in China.
Assets in the largest exchange-traded product held at the lowest in 12
weeks.
read more
read more
Investors shy away from gold ETFs
Gold exchange-traded funds (ETFs), once a popular investment vehicle
among retail investors, seem to be losing appeal, going by the
large-scale closure of folios and the continuous net outflows. In the
past year, about a fifth of the accounts set up for investments in this
product have seen closures. read more
India's jewellery sales take hit on election restrictions
India's gold imports in April and May could be less than half of
arrivals in March, as restrictions on the movement of cash during
general elections dent the buying power of consumers, jewellery industry
officials said.
read more
read more
Tuesday, 22 April 2014
Rapaport Melee Diamond Index up 5.4% in 1Q 2014
The Rapaport Melee Index (RMI) for small diamonds increased by 5.4% to
137.60 during the first quarter of 2014. Year on year the index is up
1.9% from its level of 135.00 in March 2013.
read more
read more
Tiffany and Co. will benefit from China's increasing demand for jewellery: Analyst
Tiffany and Co. will benefit from China's increasing demand for
jewellery coupled with the country's low rate of diamond penetration,
especially as marriage rates increase, according to Sterne Agee analysts
Ike Boruchow and Tom Nikic.
read more
read more
US consumer price index for jewellery declines 2.6%in March
The US consumer price index (CPI) for jewelry declined 2.6 per cent year
on year to 172.12 points in March, which was just a touch higher than
February.
read more
read more
GSI held third annual clean-up campaign in Mumbai
The Gemological Science International (GSI) held its third annual
clean-up campaign on April 21 in Mumbai. GSI employees, together with
municipal employees of the city, grabbed brooms and cleaning equipment
to spruce up Turner Road in Bandra, Mumbai.
read more
read more
Malabar group to launch its 115th store in Oman

read more
Barclays to exit most commodities trading
The U.K. bank will pull back from trading in base metals, energy and
agricultural products and fold its precious metals business into its
currency trading unit, people familiar with the plans said Monday. The
move comes as Barclays prepares to tell investors on May 8 how it will
reshape its investment bank, where the commodities business is housed,
to adapt to costly new regulations and a slowdown in some business
areas. read more
Gold extends losses to 4th day as fund outflows
Gold extended losses into a fourth session on Tuesday and hovered near
its lowest in 2-1/2 weeks on further outflows from bullion-backed funds
and stronger equities. Geopolitical tensions in Ukraine failed to lift
golds safe-haven appeal, underscoring bearish sentiment in the market.
Spot gold fell 0.2 per cent to US $1,286.65 an ounce by 0312 GMT. The
metal declined to US $1,281.40 the day before - its lowest since April
3. read more
Curb on gold import not sustainable in long run: Commerce Ministry
The Commerce Ministry today pitched for removal of restrictions on gold imports saying it is not sustainable in the long-run. The present gold import policy is workable only for a short
distance. When this policy was conceptualised it was for a limited
objective.
read more
read more
Monday, 21 April 2014
GIA to offer world class education on diamonds in Jaipur
Diamond
enthusiasts, hobbyists and connoisseurs have the exciting opportunity
to learn more about the cherished diamond including the qualities that
add to its value and jewellery buying tips from one of the worlds
leading experts.
read more
read more
Subscribe to:
Posts (Atom)