#AOJQuote‬ of the day 31st March 2016

“Trade relations between Antwerp and India are excellent. The fact that Indian PM Modi has recognized this explicitly by inviting us to meet him personally is therefore greatly appreciated in the Antwerp diamond industry.”

Ari Epstein, CEO, Antwerp World Diamond Centre (AWDC)

#AOJQuote‬ of the day 30th March 2016

“At the GJF National meeting today in Mumbai it is decided that GJF will proceed with all options of negotiations with Govt. All GJF member associations have decided to continue the strike which we support.”

G V Sreedhar, Chairman, GJF

Christie’s to auction 16-carat ruby and diamond ring

Christie’s will auction a ruby and diamond ring for an estimated US $12 million to US $15 million at its Magnificent Jewels sale in New York on April 20....Read More

#AOJQuote‬ of the day 30th March 2016

“In the second quarter, gold may rise to as much as $1,400 as it’s now clear the Fed will proceed cautiously.”

Mark To, Research Head,Wing Fung Financial Group

 

US jewellery sales increase again in February

US jewellery and watch sales from all retail outlets rose 4.5 per cent to an estimated $6.17 billion in February, according to provisional data from the government released March 28....Read More

Russia becomes world’s top gold buyer

The Central Bank of Russia bought 356,000 ounces of gold in February becoming the largest buyer of the precious metal among the world's central banks, business daily Vedomosti reports, quoting the IMF data.....Read More

Softer dollar support gold near $1,240

Gold held on to sharp overnight gains on Wednesday, buoyed by a softer dollar and Federal Reserve chair Janet Yellen's remarks that the US central bank should be cautious in raising interest rates....Read More