Monday, 31 August 2015

Gold slips as US rate hike expectations drag

Gold edged lower on Monday, stretching last week's losses on concern that the Federal Reserve is on course to raise interest rates this year despite recent market turmoil. Spot gold was down 0.2 per cent at US $1,131.30 an ounce by 0107 GMT, after dropping more than 2 per cent last week in its steepest decline in five weeks. US  gold for December delivery eased 0.3 per cent to US $1,131.10 an ounce....Read More

5th edition of International Diamond Week opens in in Israel

The 5th International Diamond Week in Israel (IDWI) was officially opened today (Monday) in a festive ceremony. In addition to several dignitaries, delegations from dozens of different countries attended the event, including more 100 foreign buyers who are visiting the Israel Diamond Exchange (IDE) for the first time....Read More

Hallmarked jewellery has become a ‘Brand’ in itself: BIS Dy DG

Bureau of Indian Standards started Hallmarking Scheme of Gold Jewellery articles/artefacts over 15 years ago, in April 2000.  As per this scheme, BIS grant licence to jewellers who are desirous of selling hallmarked jewellery/artefacts of gold as per IS 1417 and that of silver as per IS 2112. BIS also grant recognition to Assaying and Hallmarking Centres after ensuring that they have necessary equipments/instruments,...Read More

Atlas jewellery chairman and founder arrested allegedly defaulted on bank loan

Indian businessman Atlas Ramachandran and his daughter Manju have been reportedly arrested by Dubai police after a number of banks lodged complaints over bounced cheques. Ramachandran, who runs dozens of gold jewellery outlets in the Gulf countries, was arrested and kept in a Bur Dubai detention centre....Read More

Titan derives 75-80% of its revenue from Tanishq

Investors with a long-term view can buy the stock of Titan Company, the leader in the organised market for gold jewellery. The fall in consumer price inflation, a more stable regulatory environment for the sector and consumers shifting to branded jewellery should help the company...Read More

GIA to open ‘Diamond Synthesis Facility’ to understand synthetic production

As part of the International Diamond Week in Israel activities, an audience of Israeli diamond dealers as well as foreign diamantaires was treated to a lecture by GIA  Executive Vice President and Chief Laboratory and Research Officer Tom Moses. Israel Diamond Exchange President Shmuel Schnitzer opened the lecture, speaking of the strong relationship...Read More