Loading...
 

Gold futures open higher at Rs 30,599 per 10 gm

Author: Unnamed Reporter - Published 22-01-2013 11:39
NEW DELHI, JAN 21: Gold futures on the Multi Commodity Exchange opened higher at Rs 30,599 per 10 grams on Monday against the previous close of Rs 30,581.

Govt hikes import duty on gold again to curb demand

Author: Shishir Sinha - Published 22-01-2013 11:35
NEW DELHI, JAN 21: Alarmed by the widening current account deficit — fuelled, in large measure, by rising gold demand met through imports — the Finance Ministry announced a series of steps aimed at discouraging the purchase of physical gold

Lukewarm response to Sparkle-2013

Author: Unnamed Reporter - Published 19-01-2013 11:55
SURAT: The four-day long gems and jewellery fair 'Sparkle-2013' failed to meet the expectations of diamantaires and jewellery manufacturers of world's biggest diamond cutting and polishing centre of Surat. The event was organized by Southern Gujarat Chamber of Commerce and Industry (SGunder the banner of Vibrant Gujarat. The participants expressed concerns over slim margins and interest in a growing diamond jewellery market at the onset of the New Year. A large number of jewellery manufacturers said they were keen to get a first look at the Indian market's demands.

Diamond export plunges 37% in December '12

Author: Unnamed Reporter - Published 19-01-2013 11:44
SURAT: Following weak demand from the overseas market, including the US, China, Europe and Japan, the polished diamond export from India has plunged to its lowest at 37 per cent in December 2012. Industry sources said the annual polished diamond export is set to decrease by $2 billion to $3 billion in 2012-13.

Underlying reasons for gold rush

Author: S.S. Tarapore - Published 17-01-2013 11:44
The Reserve Bank of India’s (RBI) Draft Report of the Working Group on Gold, released on January 2, 2013, will be a watershed in the formulation and implementation of India’s policy on gold. The Group has provided yeoman service by suggestions to help policy formulation. The Report is a lexicon on gold and will be a reference point for policy.

Gold trades firm on rupee depreciation

Author: Unnamed Reporter - Published 17-01-2013 11:34
Gold futures on the Multi Commodity Exchange opened higher at Rs 30,769 per 10 grams on Tuesday against the previous close of Rs 30,740. The February contract made a high of Rs 30,855 and a low of Rs 30,737. It was up 0.45 per cent at Rs 30,878 at 1.50 pm.

Industry status to gems & jewellery sector may help SMEs to get bank loans, says Bachhraj Bamalwa of All Indian Gems & Jewellery Trade Federation

Author: Unnamed Reporter - Published 14-01-2013 11:49
Expressing discontentment on government's plan to increase the import duty on gold yet gain from 4% to 5%, All Indian Gems & Jewellery Trade Federation's Chairman Bachhraj Bamalwa, said the move will encourage smuggling activities and there are possibilities that the income generated from these activities might be used in various illegal activities, thereby threatening the national security as well it will destabilize the overall economy of the country.

Snakes & Ladders

Author: Avi Krawitz - Published 14-01-2013 11:04
With the approach of China’s ‘Year of the Snake,’ the diamond industry is well aware of ‎the dualities that exist in the market. In 2012, while growth in China and India slowed, the ‎vast U.S. consumer market was a source of stability. In contrast, tremendous growth in ‎the east in previous years dwarfed even positive news that came from the U.S. and ‎upheld the global industry through the recession.‎

GJF discontented with govt’s decision to hike import duty on gold.

Author: Unnamed Reporter - Published 11-01-2013 11:54
All India Gems and Jewellery Trade Federation (GJF) has expressed their discontentment on the news that aired on 2nd January 2013 where the government announced that it is intending to increase the import duty on gold yet gain from four per cent to five per cent. The All India Gems and Jewellery Trade Federation (GJF) states that it has already submitted its recommendation to reduce the import duty on gold from four per cent to two per cent.

Mumbai Jewelry, Gem Fair A Hit, Say Diamond Firms

Author: Unnamed Reporter - Published 11-01-2013 11:42
Another installment of the Mumbai Jewelry and Gem Fair opened on Saturday and closed on Monday, with just over 500 square meters of booths on exhibit. The event is considered to be the only industry-wide fair to take place in Mumbai that is classified as B2B.
Calport: Mobile website design in Kolkata