Gold Market Commentary for May 2023 by WGC released
Gold Market Commentary by World Gold Council for the month of May 2023 was released. Key highlights include: Gold fell 0.9% in May mostly...
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Jun 6, 2023
GIA India launches CAD/CAM for Jewelry Program in India for the First Time
GIA India has launched the Comprehensive CAD/CAM for Jewelry Certificate Program in India for the first time. This seven-week programme,...
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May 31, 2023
Gold dips to lowest level over two months
Gold prices tumbled to hit their lowest level in over two months on Tuesday as investors resorted to the dollar amidst positive...
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May 31, 2023
US diamond imports decline in Q1
US polished-diamond imports declined 9% year on year to $2.07 billion in March, rounding off a sluggish quarter at the start of 2023....
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May 27, 2023
US Delegation meets GJEPC, BDB on diamond sanctions
Representatives from the U.S. Senate Foreign Relations Committee and the U.S. Consulate Mumbai convened discussions with the Gem &...
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May 25, 2023
Gold prices dip as US$ strengthens
Spot gold was down 0.8% at $1,959.29 per ounce on Wednesday after rising as much as 0.5% earlier. Gold slipped as the dollar firmed,...
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May 24, 2023
Cultured pearls have high market potential:CIBJO President
CIBJO President Gaetano Cavalieri speaking at the Global Pearl Development Conference in the “Pearl City”, Zhuji, China, on May 21,...
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May 24, 2023
Global Luxury Jewellery to see CAGR of 2.70% during 2023-2028:HTF
According to HTF Market Intelligence, the Global Luxury Jewelry market to witness a CAGR of 2.70% during forecast period of 2023-2028....
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May 24, 2023
Gold, silver prices dip
Gold prices ended lower on Tuesday by ₹350 to ₹60,170 per 10 gram in Delhi market on Tuesday amid a decline in the precious metal's...
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May 24, 2023
Organised Indian jewellery retailers to outpace the industry in FY2024:ICRA
Rating agency ICRA expects the organised jewellery retailers in India to continue to outpace the industry in FY2024, aided by planned...
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May 23, 2023
Surat diamond industry reels under G7 sanctions on Russia global recession fears
The fresh sanctions from G7 on Russian diamonds will impact the employment of of nearly 30 lakh diamond workers in Surat as well as in...
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May 23, 2023
UK to ban all Russian diamond imports
UK Prime Minister Rishi Sunak announced that the nation would ban all Russian diamonds imports, as well as imports of copper, aluminum...
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May 23, 2023
G7 to impose restrictions on Russian diamond trade.
In a united effort to curtail Russia’s revenue streams and apply additional pressure amid escalating tensions, the Group of Seven (G7)...
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May 22, 2023
Pinterest partners with Amazon on Third-Party Ads
Pinterest announced a third-party advertising partnership with Amazon, in response to the platform’s reported growth of user engagement...
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May 21, 2023
Rs 2,000 note withdrawal triggers panic buying of jewellery
Rs 2,000 note withdrawal triggers panic buying of jewellery The RBI on Friday said that it had withdrawn Rs 2,000 currency notes but the...
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May 20, 2023
Investors flock to gold ETFs
Investors flocked to gold exchange traded funds (ETFs), which are considered a safe haven during uncertain times, and put in Rs 124 crore...
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May 19, 2023
Jewels by JAR rake in US$6.7 mn at Christie’s Geneva
The largest private collection of jewels by designer JAR to be offered at auction raked in $6.7 million at Christie’s Geneva on May 17....
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May 19, 2023
Bulgari Laguna Blu” sold at slightly over US$25 million at Sotheby’s Geneva sale
The rare,11.16-carat fancy vivid blue diamond named the “Bulgari Laguna Blu” has fetched slightly more than $25 million at a Sotheby’s...
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May 19, 2023
Gold prices dip;US Fed may not lower interest rates
Gold yesterday settled down by -0.7% at 59723 as odds that the Fed will halt its current tightening cycle or maybe lower interest rates...
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May 18, 2023
Blackstone to acquire IGI for US $550mn
Blackstone, the world's largest private equity firm is likely to sign an agreement with Fosun and IGI's other shareholders by the end of...
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