Tuesday, 28 April 2015

Retailers anticipate rise in platinum demand: PGI

A recent report has projected a rise in platinum jewellery demand this year, suggesting jewellery retailers may benefit from stocking up in the white metal. read more

Venezuela gold swap with Citibank positive for the market as price pushes to $1,200

Venezuela US $1 billion gold swap with Citibank is helping to create some much-needed momentum in the marketplace, pushing prices to $1,200 an ounce Monday. Bill Baruch, chief market strategist at iiTrader, read more

De Beers to put $ 1bn worth of rough diamond sale at upcoming May sight

De Beers may put to sale rough diamonds worth up to US $1 billion at the upcoming May sight, several sources in the diamond market reported. read more

CIBJO releases coral commission special report

CIBJO Coral Commission will release its special report at the 2015 CIBJO Congress slated to take place in Salvador, Brazil, on May 4. The Coral Blue Book was prepared by the Coral Commission led by read more

Monday, 27 April 2015

Quote of the day 27th April 2015

“In volume terms, the gold jewellery exports of India grows to 136 tons during April 2014-January 2015 from 120 tons in FY 2013-14.”

Nirmala Sitharaman, Commerce and Industry Minister, Govt of India

Quote of the day 27th April 2015

"The import policy will allow the country's jewellery manufacturers to purchase gold through proper channels, which will benefit both the government and the gold businessmen."

Hedayetullah Al Mamoon, Senior Secretary of Commerce Ministry, Govt of Bangladesh

Gold jewellery exports of India rise to 136 tons in April-January

Gold jewellery exports of India stood at Rs 35,006 crore in the first ten months of the last financial year as against Rs 33,350 crore in the entire 2013-14 fiscal, Parliament was informed. In volume terms, read more