Quote of the day 1st June 2015

"Rs 1 lakh PAN limit is not yet applicable till the Govt releases further notification on this regard. Please do not panic. GJF is in constant touch with the Finance Ministry trying to do its best."

Ashok Minawala, Director, All India Gems and Jewellery Trade Federation (GJF)

Exhibitors note a strong opening day for JCK Vegas

Official JCK Vegas attendance on opening day was still being confirmed as it came to a close; however, show organizers said that feedback from exhibitors was positive, read more

De Beers to re-launch 'A Diamond is Forever' campaign

De Beers has announced plans to re-launch its iconic "A Diamond is Forever" campaign in time for the 2015 US holiday season. read more

Gold monetisation scheme may not attract major segment of gold owners

The gold monetisation scheme aims to unlock the value of the aam aadmi's gold jewellery lying idle in a locker. This is why the minimum deposit has been kept as low as 30 grams and returns have been made tax-free to sweeten the deal. read more

Gold price drop fails to boost demand in Asia; Premiums hold firm

Gold demand across Asia was subdued this week, with premiums in major trading centres failing to see any uptick, despite a drop in the metal's prices to a 2-1/2-week low as the strength in the dollar and equities kept consumers away. read more

Seven diamond miners form group to fight synthetics

Russia’s Alrosa, Anglo American’s De Beers, Rio Tinto, Lucara, Dominion, Petra and Gem Diamonds are joining forces to market their gems and counter threats such as the expansion of synthetic stones. read more

China to launch $16 billion gold investment fund

China is setting up a new gold fund, expected to raise about US $16 billion for investment into activities and business related to the precious metal, which may help to boost trade across Asia. read more