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Economic slowdown drags gem, jewellery exports

Author: Unnamed Reporter - Published 03-05-2013 11:44
Gem and jewellery export dipped three per cent in March to $4.38 billion (about Rs 23,959 crore) due to weak demand for gold jewellery, according to Gem and Jewellery Export Promotion Council data released on Tuesday.Gold jewellery export dropped 36 per cent in March to $963 million (Rs 5,241 crore) against $1.49 billion (Rs 7,519 crore).

Indian gems and jewellery market worth USD 30.1 bn: Report

Author: Unnamed Reporter - Published 30-04-2013 11:49
The domestic gems and jewellery market is estimated at USD 30.1 billion, according to a report by coloured gemstone producer Gemfields. Coloured gemstones in India have a market share of 8 percent, preceded by diamonds with a market share of 15 percent, the report said.

Bangalore to Host Best of India Jewellery Show

Author: Unnamed Reporter - Published 30-04-2013 11:47
The third edition of Best of India Jewellery Show (BIJS) 2013, Bangalore’s finest consumer jewelry exhibition, a joint initiative of The Art of Jewellery (AOJ) and the Jewellers’ Association, Bengaluru, will be held from April 26 to 28 with famous Sandalwood star Ragini Dwivedi as its brand ambassador.

India's gems and jewellery market worth $30.1 billion: Report

Author: Unnamed Reporter - Published 30-04-2013 11:36
The Indian gems and jewellery market is worth $ 30.1 billion, as per the report by coloured gemstone producer Gemfields.The report noted, coloured gemstones in the country have a market share of eight per cent, which is preceded by the diamonds with a market share of 15 per cent.

Valuation of jewellery, gems over

Author: Thiruvananthapuram - Published 26-04-2013 11:37
The Commercial Taxes Department on Wednesday assessed the value of diamond-studded ornaments that were seized during a smuggling bid through the Amaravila check-post here the other day. The valuation report will be submitted on Thursday, the officials said.

GIA hosts first Jewellery Career Fair in Jaipur

Author: Unnamed Reporter - Published 26-04-2013 10:26
Jaipur hosted its first GIA (Gemological Institute of America) Jewellery Career Fair, with participation of over 200 attendees and close to 40 recruiters, gathering at the Indian Institute of Gems & Jewellery (IIGJ) campus in Sitapura, on April 20.

Should you buy gold now?

Author: Aarati Krishnan - Published 23-04-2013 11:59
When stock prices tumble, most investors are tempted to sell their shares and stash the money somewhere safer. But the recent meltdown in gold prices has drawn quite a different reaction from most people: ‘Great! Can I go out and buy gold, now that it is finally cheaper?’

Retailers run short of gold stock

Author: R. Ravikumar - Published 23-04-2013 11:55
The spurt in jewellery sales in the last few days, following the biggest single-day crash in gold prices on April 12, has left the display racks in many stores, usually choc-a-block with jewellery, looking bare.

Gold surges 1% on global cues, spot demand

Author: Unnamed Reporter - Published 23-04-2013 11:04
Taking positive cues from the global market and rising physical demand in spot markets at the prevailing levels, gold continued its recovery, rising by nearly one per cent to Rs 26,069 per 10 gm in futures trade today.

Gold price crash blamed on speculative futures trading

Author: Unnamed Reporter - Published 23-04-2013 11:01
The World Gold Council (WGC) today said the recent fall in gold prices was driven by speculative traders in the futures markets.

It also mentioned that lower prices boosted demand for the precious metal from India and China to the US, Japan and Europe, while supply remains constrained as there is already shortages of bars and coins in Dubai.
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