Wednesday, 23 April 2014

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.
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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.
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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.
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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.
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