National News
India’s gold demand improves as prices dip
Gold demand in India saw a slight improvement towards the week’s end as prices fell from record highs, yet remained below normal levels. Discounts in China persisted due to low activity, and India’s imports are predicted to drop significantly by 85 per cent in February. Meanwhile, gold trades in Singapore, Hong Kong, and Japan show varying premiums and discounts.
India’s gold demand improved in the second half of this week but remained lower than normal as prices retreated from all-time-high levels, while traders continued to offer discounts in China as activity remained lacklustre. Domestic gold prices were trading around 84,750 rupees per 10 grams on Friday after hitting a record high of 86,592 rupees last week.
Indian dealers this week offered a discount of $12-$27 an ounce over official domestic prices, inclusive of 6 per cent import and 3 per cent sales levies, down from the last week’s discount of $35.
National News
IIGJ Lab Jaipur Expands Origin Testing for Ruby, Emerald and Sapphire Lots & Strands
Report includes gemstone identification, treatment disclosure, and geographic origin determination
The Indian Institute of Gems & Jewellery Lab (IIGJ Lab), Jaipur, a GJEPC initiative, has expanded its Origin Determination services for precious coloured gemstones, introducing certification for packet lots and bead strings of ruby, emerald, and sapphire (blue & pink).
While Origin determination for these individual gemstones has been available at the lab for several years, the expanded service now enables gemstone manufacturers, exporters, and traders to obtain Origin Reports for larger quantities of gemstones submitted as lots or bead strings, using advanced gemmological technology and expert analysis.
The Origin Report includes gemstone identification, treatment disclosure, and geographic origin determination. This new service is expected to strengthen traceability, transparency, and value assurance in the global gemstone supply chain.
With this move, the IIGJ Jaipur Lab further strengthens its role in supporting India’s coloured gemstone sector by offering internationally recognised testing and certification services tailored to the evolving needs of the trade.
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National News2 hours agoIIGJ Lab Jaipur Expands Origin Testing for Ruby, Emerald and Sapphire Lots & Strands
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