Tiffany reports stronger first-half performance
Tiffany & Co said its global net sales for the first half of 2017 reached US$1.9 billion, up 2 percent from the prior year on the back of stronger diamond sales as well as...
DGFT Issues Notification to Restrict Imports of Gold & Silver Items From South Korea
The Government of India, through a notification issued on August 25, 2017 by the Director General of Foreign Trade (DGFT), has imposed restrictions on the imports of jewellery; parts intended for jewellery; precious metal...
Bearish operators remain speculative over gold futures
As gold prices hover around $1300 per ounce and Rs 29,000 per 10 gram in India, bearish operators are tightening their grip by raising speculative short bids in gold futures. Gold has faced resistance...
Import of Gold to Attract 3% GST Says CBEC in FAQs for G&J Sector
Imports of gold and other precious metals will attract 3% IGST, payable by the importing bank /nominated agency, the Central Board of Excise & Customs (CBEC) has clarified in its latest set of FAQs...
DPA Study Reveals Millennial Women’s Preference for Authentic and Unique Luxury Goods
Millennial women in the US have a distinct preference for luxury goods that are authentic, unique and not mass-produced, reveals a study conducted by the Diamond Producers Association (DPA), with 94% of the highest...
Proposed Comprehensive Gold Policy in Focus at India International Gold Convention
The 14th edition of the India International Gold Convention 2017 (IIGC), which was held in Goa from August 11-13, 2017, discussed the proposed comprehensive gold policy that is under consideration by the government, among...
Gold demand remains low in India; Investment buying steady in China
Gold demand in India remained sluggish this week as local prices jumped to their highest level in nearly three months and a rally in global prices of the precious metal dampened fresh buying elsewhere...
SEBI Gives the Nod for MCX to Launch Options Contract for Gold
The Multi Commodity Exchange of India Limited (MCX), India’s first listed exchange, has received approval from the capital markets regulator Securities and Exchange Board of India (SEBI) to launch options contract in gold.
While MCX has...
Gold jewellery demand “anaemic” in the UK
The World Gold Council (WGC) has released its gold demand trends for Q2 2017 noting a weak demand for gold jewellery in the UK.
According to the report, gold jewellery demand was down by 4%...
TOP FIVE: The pearl jewellery styles set to drive sales for AW17
Pearl jewellery has been enjoying a revival over the last few years as designers have increasingly been taking the classic gemstone and translating it into modern designs.
Following the Netflix phenomenon The Crown, many brands...
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Botswana and De Beers Seal Landmark Diamond Agreement
Botswana and De Beers have officially signed a long-awaited diamond sales agreement, months after the initial deadline for renewal in June 2023.
Botswana’s newly elected...
SRK Sets New Benchmark In Sustainability By Achieving Reduction In GHG Emissions
By achieving a 34% reduction in greenhouse gas emissions per carat compared to the global industry average
As of November 2024, SRK recorded...
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