Gold imports plunge, but it’s a good news for India

Author: unknown - Published 03-07-2020 13:59
The decline in gold imports has helped in narrowing the country's trade deficit, difference between imports and exports, to USD 9.91 billion during the period, against USD 30.7 billion a year ago.

Will focus on promoting ease of doing business in gems, jewellery sector: GJEPC new chairman

Author: unknown - Published 03-07-2020 13:27
New Delhi : Newly appointed Gem and Jewellery Export Promotion Council (GJEPC) Chairman Colin Shah on Thursday said he will focus on promoting ease of doing business for the sector as it would help in pushing manufacturing and exports both. He said issues like reducing paperwork and simplifying procedures for export and import would help this labour-intensive sector, especially during the post-coronavirus times.

28-Carat diamond sets new online auction record

Author: Erene Oberholzer - Published 03-07-2020 13:08
A 28.86-carat D-color diamond recently sold for $2.1 million (that’s about R35 million) setting a record for a jewel sold at an online-only auction.

It’s said that the VVS1 clarity gem was the top lot at Christie’s Jewels Online sale, held from 16 to 30 June 2020.

Do not expect a sharp jump in gold jewellery demand: World Gold Council MD

Author: unknown - Published 01-07-2020 13:29
Actually it will be very difficult to say. First of all, we do not forecast prices but everything that affects gold prices today definitely shows that this is not a normal thing. So we should expect things to be volatile but the trend is obviously looking up. But we really do not forecast prices.

IIJS Premiere rescheduled to Jan 2021: GJEPC

Author: unknown - Published 30-06-2020 14:33
Gem and Jewellery Export Promotion Council (GJEPC) on Tuesday said the annual India International Jewellery Show-Premiere has been rescheduled to January 2021 due to COVID-19 pandemic.

Gold prices fall for third day in a row after hitting record highs

Author: Surajit Dasgupta - Published 26-06-2020 13:56
Gold prices in Indian edged lower today, declining for the third day. But the losses have been moderate as concerns over rising coronavirus cases have supported global rates. On MCX, gold dipped 0.02% to ₹47,930 per 10 gram. In the previous session, gold had dipped 0.3%. Silver rates also declined marginally today today with futures on MCX down 0.1% to ₹48,075 per kg. Gold prices in India had hit a record high of ₹48,589 per 10 gram earlier this week.

Letšeng Yields 163ct. Yellow

Author: unknown - Published 25-06-2020 14:30
Gem Diamonds has recovered a 163-carat, type I yellow diamond at its Letšeng mine in Lesotho, the third over 100 carats the company has found this year.

GIA to Unlock New York Lab

Author: unknown - Published 25-06-2020 13:25
“As restrictions are lifted and the global gem and jewelry industry begins to recover, we are safely reopening GIA locations, returning staff to work and preparing to engage in our mission-driven activities,” GIA CEO Susan Jacques said Thursday. “We are strictly following government regulations and guidelines, implementing new processes, and adapting our facilities to keep everyone who comes to GIA — staff, clients, students and visitors — healthy and safe.”
Calport: Mobile website design in Kolkata