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.
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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.
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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.
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Malabar group to launch its 115th store in Oman

Malabar Gold and Diamonds, one of the largest gold and diamond jewellery retailers in the world, is launching one of the biggest promotions across its network, spread in the GCC and Singapore. The promotional campaign – which starts from April 23, will run for 11 days till May 3 in Oman showrooms.
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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 gold’s 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.
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