Indian Diamond Plants In Gujarat To Receive Modern Polishing Equipment

Author: Unnamed Reporter - Published 26-03-2013 11:40
About a dozen small and medium-size diamond cutting and polishing plants in the Indian state of Gujarat, including in the diamond manufacturing center of Surat, will receive modern equipment aimed at raising their productivity.

India's FY14 imports of rough diamonds seen jumping 25%: Trade body

Author: Unnamed Reporter - Published 26-03-2013 11:35
MUMBAI: India's imports of rough diamonds are likely to jump by a quarter in the next fiscal year from $14.5 billion now, as exports of the processed gems to top consumers increase and Indian exporters enter newer markets.

Finance Ministry initiates steps to curtail gold imports

Author: Unnamed Reporter - Published 21-03-2013 21:33
The Finance Ministry is initiating steps such as raising customs duty on gold to prevent people from importing gold. Gold imports are causing further pressure on the widening current account deficit.

India Warned Of Proliferation Of Treated Diamonds

Author: Unnamed Reporter - Published 18-03-2013 12:58
Fearing their penetration into the market, the Gem and Jewelry Export Promotion Council plans to create awareness among diamond traders and manufacturers of the threat that lab grown or treated diamonds could pose to the natural diamond industry in India, the Times of India reported.

Gems & jewellery firms seek to take their brands abroad

Author: Sangeetha G. - Published 18-03-2013 12:35
Indian gems and jewellery industry has sought government support for both forward and backward integration to boost export revenues. It wants Indian government to emulate China by helping gold and diamond mining overseas. It also wants support in building Indian jewellery brands abroad.

Gold seen range-bound; wheat likely to gain

Author: Unnamed Reporter - Published 18-03-2013 12:00
Gold will likely be range-bound in the domestic market on Friday as positive data from the US labour market and rising equities cap its rise. However, gold seems to be holding on speculation that the US might come up with some stimulus programme to improve the economy further.In early Asian trade, spot gold was quoted at $1,591.70 an ounce, while gold April futures ruled at $1,588.80.

Study: India & China Together Top U.S. In Jewelry Sales

Author: Unnamed Reporter - Published 12-03-2013 12:59
A new report on the gemstone and jewelry industries reveals a treasure trove of interesting findings, including the revelation that when calculated together, jewelry sales figures in China and India top those in the United States, the single largest jewelry market in the world, Jewelry News Asia reports.

Indian gem and jewellery industry export-oriented

Author: M. Soundariya Preetha - Published 12-03-2013 12:56
For those aspiring to get into gem-studded jewellery business, those already in the industry and even the buyers, learning more about diamonds, other precious and semi-precious stones, the products made of these, and the designs, will be easier now.

Polished Diamond Trading Steady With Good Demand

Author: Unnamed Reporter - Published 12-03-2013 12:02
Polished diamond trading in Ramat Gan in February was steady with good demand from the United States, especially for round and princess cuts. Demand from Asia was slow in the beginning of the month but trading improved towards the end of the month in preparation for the Hong Kong show, in which over 100 Israeli companies participated.

Gold loses glitter; prices likely to come down further

Author: G. Chandrashekhar - Published 05-03-2013 13:16
For the global commodity markets, February was not a particularly impressive month.There was large-scale sell-off mid-month following hawkish interpretation of the FOMC minutes for January which suggested that the asset purchase program in the US could end soon.
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