Banks in the UAE should drop the high fees they impose on jewellery retailers for all credit and debit card transactions, gold industry sources say. Given...
The world’s biggest producers are sitting on a mountain of precious stones as they hoard inventory to maintain prices. In almost 130 years of its existence,...
India’s gem and jewellery exports plunged nearly 84% year-on-year in April-May owing to the trade disruption caused by Covid-19 while the fall in exports of cut...
Diamond manufacturing and trading activities in Surat remained closed on Tuesday to mourn the death of Arunkumar Mehta, 80, owner of diamond company — Rosy Blue...
The extended lockdown and the global pandemic has taken sheen out of the diamond industry. The export of polished diamonds between April and May fell by...
The angadia, who has an office in the BDB , shuttered it on Wednesday noon , well before normal closing hours, and has been incommunicado since,...
Gold and silver prices in India today fell after a big jump in the previous session. On MCX, August gold futures were down 0.95% to Rs...
India gold refinery landscape is drastically changing after the global coronavirus outbreak with up to half of the country’s gold refineries shutting down, according to a...
With an objective to enable delivery of gold and silver refined in India, MCX is considering the possibility of acceptance of bullion bars refined by Indian...
The price of gold declined 1 per cent on Monday, following the global movement, over poor retail consumer demand and weak equity market sentiment. Standard gold...
Mumbai: It is with profound sadness that we wish to inform you about the passing away of Arun R Mehta. Arunbhai, an industry stalwart and highly respected...
New Delhi: The government is looking at suggestions of the gems and jewellery industry such as setting up of common facility centres and facilitating shipments through...
Gold prices fell in Indian markets today despite a positive global trend. On MCX, August gold futures fell 0.4% to ₹47,150 per 10 gram, after a...
KOLKATA: Imports of cheap imitation jewellery from China may come down as sentiment towards Chinese products has turned negative in the wake of the Covid-19 pandemic....
Jewellery shops open sans customers, the city’s gold hub at Bowbazar is bereft of its usual glitter. After the implementation of ‘Unlock 1.0,’ like other markets...
Fura Gems updated investors on Wednesday on its 76%-owned Coscuez emerald mine in Colombia, where operations have begun again with 50% of the workforce. Since acquiring...
Increasing internet penetration and smartphone adoption in India has led to a new world of tech-savvy customers who prefer to communicate & shop digitally. Retailers across...
ORRA, India’s leading house of finest bridal jewellery announced the re-opening of its retail stores after receiving government approvals. The brand has commenced operations in all...
When Kenneth Monahan, a financial analyst in New York, got down on one knee to propose to his girlfriend on a Delaware beach at dawn earlier...
Mumbai: Whenever there is a crisis, Gems & Jewellery National Relief Foundation (GJNRF) has been quick to respond and has come forward to help the needy...
Mumbai: As consumers in the US reassess their purchasing behaviour in light of the COVID-19 pandemic, gifts that are meaningful and that retain their value will...
In an effort to help the second-largest workforce sector in India, the Master Craftsmen and Artisans, facilities have been allocated by brand Sangeeta Boochra & Silver...
Now that the lockdown is easing, how are sales looking and what are the early trends that you are picking up? The stores started opening from...
New Delhi: The Enforcement Directorate has received 108 consignments of diamonds, pearls and other valuables worth Rs 1,350 crore on Wednesday from Hong Kong which were...
For any Indian woman, a piece of jewellery is not just her prized possession but also the valuable part of the family heritage that will be...
Gold price today rose from Rs 46,479 to Rs 46,844 per 10 gram, while silver slipped from Rs 47,800 to Rs 47,695 per kilogram, according to...
Gold imports by India slumped by about 99 per cent for a second straight month in May, disrupted by lockdown. Inbound shipments fell to 1.3 tonnes...
There is heightened interest for gold loans among borrowers as more farmers, small merchants and businesses kick-start stalled economic activity. Gold loans are the easiest and...
Jewellers and bullion traders have urged the government to extend the deadline for mandatory hallmarking by a year to January 2022, saying the loss of business...
Asia’s largest jewellery and bullion hub, Zaveri Bazaar, bore a deserted look on Day 2, as stores remained shut due to paucity of staff, many who...
Hon. Dr. Diamantino Pedro Azevedo, the Minister of Mineral Resources and Petroleum of the Republic of Angola has announced plans to further develop its industry specific...
In one of the world’s biggest diamond vaults, hidden inside a nondescript office compound on the dusty outskirts of Botswana’s capital, the precious stones just keep...
New Delhi: Geological Survey of India have discovered nearly 250 kg of Gold resource beneath the earth in Bhitar Dari Village of East Singhbhum District, Jharkhand. The...
Gold price today jumped from Rs 46,200 to Rs 46,210 to per 10 gram, while silver slipped from Rs 47,400 to Rs 47,410 per kilogram, according to...
Mia by Tanishq, one of India’s most fashionable jewellery brands unveils exciting offers to celebrate the upcoming ‘Best Friend’s Day’ on 8th June 2020. This day...
Zaveri Bazaar, Asia’s largest gold market, reopened on Friday, after 10 weeks of shuttering, injecting life into India’s tepid bullion and jewellery trade that relies heavily on this South Bombay...
KOLKATA: As the circular from ministry of foreign affairs, India paves way for companies in UAE to repatriate their employees through chartered flights, the first such flight chartered by...
Gold price today fell from Rs 46,767 to Rs 46,696 per 10 gram, while silver slipped from Rs 47,930 to Rs 47,800 per kilogram, according to India...
BENGALURU/MUMBAI: Physical gold dealers in India offered the highest discounts in about two months this week as customers kept away with corona virus cases in the country continuing to mount,...
The brightly lit neon signboards of jewellery stores across the city have flickered to life, rekindling hope of a rebound in business for lakhs of skilled...
In times when the world is trapped indoors and people have not quite figured out the way forward, Dharmanandan Diamonds Pvt. Ltd. (DDPL) has today announced...
The tax will be applied to all sales made by any foreign e-commerce operator including suppliers of rough or polished diamonds — to any resident or...
The consistent fall in bank credit to the gem and jewellery industry may exert further pressure and delay the recovery of the sector which is already...
Kolkata: The unrest in the major cities of the United States over the death of an unarmed black man in police custody has sparked concerns among...
A nationwide lockdown and closed jewellery shops across India have led to a severe fall in gold demand, leading to near-negligible gold imports in the month...
Gold price on Tuesday rose from Rs 47,043 to Rs 47,075 per 10 gram, while silver was recorded at Rs 49,540 per kilogram, according to India Bullion...
The brand recently opened its 3,300 sq.ft. store at Vittal Mallya Road in Bengaluru, taking the total outlet count to 4. According to Chawla, the company...
Bengaluru: Malabar Gold & Diamonds, which has re-opened its showrooms in Karnataka in line with the COVID-19 protocols, is offering an opportunity to the customers to sell their...
The retailers’ body further said that allowing longer store hours could help in making people have a wider window of time for shopping, and thus help...
Mumbai: Demand for gold in India is unlikely to revive before September even as jewelers slowly reopen their stores after the world’s biggest lockdown. Consumption in the...
The StayInTouch programme to help retailers showcase their inventory The gem and jewellery industry always preferred offline sales. However, Covid-19 has disrupted this practice and has...
GOLD and SILVER prices slipped and rallied in London trade Wednesday after the two precious metals’ largest New York-listed ETF investment trusts expanded for a 5th session...
Gold prices in Indian edged higher today, in tandem with an advance in global markets. On MCX, gold futures rose 0.25% to ₹46,124 per 10 gram, after...
Mumbai: Forevermark, the diamond brand from the De Beers Group believes what they do every day builds a lifetime of moments that will build your Forever. On...
Record sale by value attributable to the high price of the metal in Indian markets. The government sold sovereign gold bonds (SGBs) worth Rs 1,168 crore in the...
Gold price today fell from Rs 46,995 to Rs 46,929 per 10 gram, while silver price was at Rs 48,435 per kilogram, according to the India Bullion...
On Friday afternoon, Surat Municipal Commissioner B N Pani had restructured 83 clustered zones. Several textile trading markets falls in Limbayat zone area which has the...
Asian physical gold hubs struggled to regain footing this week as most retail customers stayed away even as some coronavirus restrictions were eased. Chinese dealers sold...
Russian diamond producer Alrosa expects its sales for May to total tens of million dollars, down sharply from May 2019 but up from April 2020, when...
Titan Company Limited providing an update on the impact of COVID-19 on its operations and business, said that the lockdowns and restrictions imposed on various activities due...
Gold and silver edged higher on Friday after Sino-US tensions over Hong Kong escalated further while India continued to report an increasing number of new cases...
14% will never consider buying; jewellers need to meet the fashion expectations of women, says World Gold Council survey. Shattering popular belief of women’s affiliation to...
Pune based, heritage jewellery brand, PNG Jewellers re-opened their stores on the 21st of May 2020 on receiving a nod from the authorities. Most of their...
The usual fervor of Big Fat Indian Summer weddings, have given way to downsized mini-monies (miniature ceremonies) this season. With restrictions on the number of wedding...
Indians love jewellery for its opulence and symbolism, and if there’s one area of the jewellery business that lies totally untapped, it’s the children’s jewellery market....
Due to muted global demand, Indian diamond trade is unlikely to import rough diamonds for a month beginning June 1, as the global demand will not...
Gold and silver were trading flat with negative bias on Wednesday as worries about US-China spat, weak GDP print and rising coronavirus count were offset by...
Ten gm of pure gold (24 carat) is inching toward Rs 50,000, a deterrent for many admirers of the yellow metal. Yet, ardent Puneites are at the counters...
Gold price started the week on negative foot after reports from India that the country’s imports contracted for the fifth straight month in a row, falling...
Gold prices in India were lower today as trading resumed in the evening session on the MCX, which was closed in the morning session due to...
The country’s retail trade lost business worth Rs 9 lakh crore in the last 60 days, mainly due to the nationwide lockdown to contain coronavirus pandemic,...
Gold has no doubt been the uncontested Student of the year in 2019 with a shining return of 24% annualised which renders financial assets pale in...
The import of the yellow metal stood at USD 3.97 billion in April 2019, according to the commerce ministry’s data. India’s gold imports contracted for the...
Kochi: With the easing of lockdown, jewelleries were allowed to function in the state. As the shops opened after two months, heavy rush was experienced everywhere....
Not unlike many other sectors, the gold industry has been lulled into a silence since the country went into a lockdown two months ago in a...
Gold prices gained on Friday as escalation of hostilities between the US and China forced investors to seek refuge in the safe haven counter. A sharp...
Being the world’s largest diamond processing hub, India imports around 95 per cent of rough diamond mined globally for processing in local units After nearly two...
Jewellers operating in states like Kerala , Maharashtra and Goa, whose governments have eased restrictions in certain areas , said Most customers were placing orders rather...
From Asia to the Americas, Platinum Guild International’s 2020 Platinum Jewellery Business Review highlights how business drivers in 2019 will accelerate and lead to recovery in...
Gold prices in India rose on Wednesday amid the economic uncertainty and the gains in prices of the yellow metal in the global markets. Currently, the...
Under the scheme, the government would provide subsidy for any technological upgrade of the sector to help it foray into high-value added products besides reducing cost...
With global economy sinking, safety issues in operations and Covid-19 load, the Surat Diamond Association is focussing on migrants’ return and not revival of the industry....
After government gave relaxation for opening the industries while taking necessary precautions during the fourth phase of lockdown, the diamond industry in the city opened on...
Sushmita Sen, a working woman, single mother, and an amazing person at heart, never looked for society’s approval to live her life. If you are one...
Jewellery stores in north India have decided to keep the buying rate for 22-carat non-hallmarked jewellery a shade above Rs 36,000 per 10 gram, subject to further deductions in...
In an interaction with BestMediaInfo.com, Singh, Managing Director, India, Diamond Producers Association, says consumer needs and ways of making a purchase decision are going to change...
The impact on overall fine gold consumption has been acute with there being almost no real demand for fresh gold from this segment. Asia dominates this...
Mumbai, May 17 (PTI) Gems and jewellery exports in March declined 38.81 per cent to Rs 13,744.60 crore compared due to weak demand in importing countries...
Jewellery shops have only one-third the staff and only masked men are allowed in. That heightens the risk of daylight robbery, and jewellers are jittery. Leading jewellers...
New Delhi (Sputnik): The economic repercussions of the lockdown have jeopardised the prospects of the booming luxury goods market, including the diamond industry, in India. Faced...
Mumbai: Christopher Wood, global head of equity strategy at Jefferies, believes that there is a growing risk of liquidation of gold in India caused by the...
Physical gold demand was tepid in most Asian centres this week with retail buying yet to see any significant recovery even as top hubs India and...
The World Federation of the Diamond Bourses (WFDB) has announced that the Ownership Committee of Get Diamonds has decided that the Board of Directors of the...
Indians spend billions buying the precious metal as a status symbol, dowry for daughters, investment and a gift to temples. If there’s one thing that Indians...
Around 74 per cent of consumers in India will prefer carrying out payments through the digital medium in the next six to nine months, according to...
Industry insiders in India are that customers will look elsewhere for cutting and polishing. Diamond factory heads in India are urging their government to gradually reopen cutting and...
The value of gold in India is estimated to be 40 percent of the nominal GDP. Monetising 10 percent of this will ensure a liquidity of...
Retail sales of jewellery collapsed as gold retailers downed shutters across the country to comply with the lockdown norms. The shutdown came as a tipping point...
[vc_row][vc_column][vc_column_text]Rimini (Italy), 13th May 2020 – Holding and taking part in trade shows in Italy in complete safety, in total respect of the rules and healthcare...
New Delhi: Gold prices on Tuesday rose by Rs 104 to Rs 45,885 per 10 gram in futures trade as speculators created fresh positions on firm...
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