Author name: JNI

World Platinum Investment Council (WPIC) said in their 3Q report that the global jewellery demand is expected to contract by 3% (-48 koz) in 2023 to reach 1,852 koz. We have trimmed our European forecast growth for 2023 from the last Platinum Quarterly, from +4% to now show +2%, due to weaker-than-expected results for mass […]

Recently, Ketan Dhruv, Director-Bangalore Refinery said, gold’s usage in India for industrial purposes can be broadly divided into two categories – electronics and other industrial. The former covers the use of gold in electrical contacts and printed circuit boards (PCBs), while the latter includes plating and Jari (gold thread). Looking first at plating, over the

Tanzire, India’s premier global e-commerce platform for handmade demi-fine jewelry, proudly introduces its fine jewelry label called Tanzire Fine, an everyday fine jewelry brand designed to redefine modern-age luxury on individual terms. Rooted in a legacy spanning three generations, Suhani Batwara, the Founder, and Creative Head of Tanzire, brings a fresh perspective to the realm

In the context of interim union budget for 3024-25, Gem & Jewellery (GJ) players’ expressed their assessment on interim budget 2024-25. Amit Pratihari, Vice President, De Beers Forevermark said, amidst the thriving economy, the interim budget conveys an overall positive outlook. The current robust economic conditions in the country have led to increased disposable income,

Recently Ravindra V. Rao, VP-Head Commodity Research- Kotak Securities said, Comex Gold prices closed almost 1% higher on Wednesday, December 31, 2023 after data showed a slowdown in Labour market and positive developments on inflation front, even as Fed chair Jerome Powell pushed back against imminent rate cuts. The ADP data showed private businesses in

Recently Gem & Jewellery (GJ) industry & trade players simplified the Interim Union budget 2024-25. In the row, Sachin Kothari, Director at Augmont Gold For All said, “Bullion Industry stakeholders had a lot of expectations from the government to simplify and reduce the duties structure of the gold trade in this budget and solve the

The budget lays strong emphasis on an inclusive and decentralized economic growth that will position India among the supremacy of developed nations. Game-changing strategic move of creating a MSME-friendly regulatory environment, and facilitation of advanced training to trade and compete at a global level will empower a large number of gems & jewellery exporters, thus

Gem & Jewellery Export Promotion Council (GJEPC) welcomes Union Finance Minister (FM) Nirmala Sitharaman’s announcement to make our country Viksit Bharat by FY2047. Exporters will agree with Hon. FM that globalization is being redefined and a new world order is emerging after the pandemic. For gem & jewellery exporters, the recently announced India-Middle East-Europe Economic

The Company recorded consolidated revenue of Rs 5,223 crore in Q3 FY24 as against Rs 3,884 crore in the corresponding period of the previous year, a growth of over 34%. Consolidated PAT for Q3 FY24 was Rs 180 crore as against a PAT of Rs 148 crore for the corresponding period in the previous year,

The World Gold Council’s Gold Demand Trends report reveals that annual gold demand (excluding OTC) fell to 4,448t in 2023, down just 5% from a notably strong 2022. When factoring in demand from the OTC markets and other sources, total demand climbed to a new annual record at 4,899t. Investment from this more opaque source