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After skyrocketing jewellery stocks makes a nosedive

Author: unknown - Published 17-03-2017 12:21 - ( Reads)
A few jewellery stocks on Thursday witnessed a sharp rise in their prices amid fierce speculation that the government trading company, MMTC may offload a huge quantity of gold soon.

Gold, silver trade higher in early trade

Author: unknown - Published 17-03-2017 11:00 - ( Reads)
Gold and silver futures on the Multi Commodity Exchange (MCX) were trading higher in early trade on Friday on account of buying in precious metals by investors, jewellers and industries.

Diamonds may turn cheaper

Author: Sutanuka Ghosal - Published 17-03-2017 10:28 - ( Reads)
Prices of polished diamonds may become cheaper by 1-2% in April as diamantaires hint at sluggish overseas demand, which in turn, could boost domestic sales which haven't posted significant growth after demonetisation.

The 13th Edition of Gem & Jewellery India International

Author: unknown - Published 17-03-2017 01:53 - ( Reads)
of GJIIE, Mr Yogesh Mudras, Managing Director, UBM India said, "The Gems and Jewellery sector in India went through a tough patch last year, owing to a number of global and economic factors At the same time, it also saw the evolution of the sector from an unorganised to an organised one The jewellery sector adds about 8% of India's GDP, and South India which is deemed to be the hub for precious and semi-precious studded jewellery, handmade jewellery, casting jewellery and lightweight gold jewellery is also a major consumer of gold and diamond jewellery These factors really augured well for the show as well as the jewellery sector as a whole With GJIIE 2017, one of the four-city jewellery shows (Kolkata, Chennai, Hyderabad and Delhi) hosted throughout the year by UBM India, we look to reclaim the lost glitter and sheen in 2017 The overwhelming industry response further validates the industry's need for such a large trade platform to tap the potential of South India's market, for both exhibitors and visitors"

BlueRock Diamonds evaluates new diamond business prospects

Author: unknown - Published 16-03-2017 13:52 - ( Reads)
With operations at Kareevlei progressing towards target levels of production BlueRock Diamonds is evaluating several new prospects with a focus on diamond deposits.

Rapaport Weekly Market Comment

Author: unknown - Published 16-03-2017 11:00 - ( Reads)
Positive sentiment spreads to trading centers after Hong Kong show demonstrates good dealer demand for dossiers. Selective buyers creating opportunities for suppliers with the best goods. Large volume of new polished expected to fill shortages of better-quality RapSpec A2+ diamonds. Big-stone market improving ahead of Basel show. Rough market stable. ALROSA 2016 revenue +41% to $5.5B, profit quadruples to $2.3B. Grib Diamonds 2016 sales +82% to $336M. Gem Diamonds 2016 revenue -24% to $190M, loss of $144M vs. profit of $77M the previous year. U.S. Jan. polished imports flat at $1.8B, polished exports -1% at $1.3B

Gem Diamonds Scraps Bonuses After Weak 2016

Author: unknown - Published 15-03-2017 10:58 - ( Reads)
Gem Diamonds’ senior managers missed out on their performance-related pay last year, as the miner slid to a loss in 2016.

Gem and Jewellery council enters pact, aims to skill 10,000 in 6 months

Author: unknown - Published 15-03-2017 03:04 - ( Reads)
To train and certify artisans, the Gem and Jewellery Skill Council of India (GJSCI) has signed an agreement with Indian Institute of Gems and Jewellery (IIGJ), Jaipur and a city based jewellers association under Pradhan Mantri Kaushal Vikas Yojana here today.
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