The National Agency for Mineral Resources, Endiama and Sodiam have signed on a Strategic Memorandum of Understanding in the field of diamonds with the multinational De Beers Group. The confirmation was made by the Minister of Mineral Resources, Oil and Gas, on the sidelines of the International Mining Conference, Mining Indaba, which is taking place […]
DeBeers ink MoU with Angolan diamond miners Read More »
In the announcement for their Members, Qualified Jewellers, Qualified Suppliers and India-UAE TRQ Holders, IFSC Authorised Vaults and India International Bullion Depository IFSC Limited (IIDI), the IIBX said that they have increased in the Single Order Maximum Lot Size in all Gold Contracts! The Members and participants are hereby notified that Single Order Maximum Lot
Increased Single Order of gold, effective from February 12 Read More »
According to the India’s Gem & Jewellery (GJ) export & import fact-n-figure for the period April 2023 – January 2024; the overall gross exports of Gems & Jewellery at US$ 26353.72 million (Rs. 218307.43 crores) is showing a decline of 16.03% (-12.78% in Rs term) as compared to US$ 31385.84 million (Rs. 250282.62 crores) for
India’s GJ import & exports drops over 16% YoY Read More »
Leibish Polnauer, President & Founder of Leibish said, As you might imagine, we often receive calls from jewelry appraisers seeking to know the replacement value of fancy color diamonds purchased years back. As an example, here’s a recent mail we received. I’m a fine jewelry appraiser in Walnut Creek, CA, working on an insurance appraisal.
The reality of colored diamonds at Leibish Read More »
Total global silver supply is forecast to grow by 3 percent in 2024 to an eight-year high of 1.02 billion ounces, entirely led by a recovery in mine output. Silver mine production in 2024 is projected to rise 4 percent to 843 Moz, the highest level since 2018. This growth is, to a large extent,
Global Silver Supply to jump three percent in 2024 Read More »
Many international companies regard India as a key strategic market. At the heart of their ambitions is the Indian middle class, which has expanded from 150mn in 2010 to an estimated 350mn in 2021. Given India’s economic trajectory and young demographic this number will likely rise going forward. Considering the size of the middle class
50% of gold demand originates at India’s middle class Read More »
Matthew Piepenburg, partner-Von Greyerz and advisor, Grant Williams along with Andy Schectman and Jay Martin in the opening presentation at the recent Vancouver Resource Investment Conference to discuss the truly tectonic shifts in the global political and financial playing field. The panel gives specific attention to the now undeniable and growing trend toward de-dollarization and
New world unfolding gold before very eyes! Read More »
According to the available provisional statistics pertaining to India’s export & import of Gem & Jewellery (GJ) for the period of January 2024. The overall gross exports of Gems & Jewellery at US$ 2393.66 million (Rs. 19894.91 crores) in the month of January 2024 is showing a decline of 4.97% (-3.52% in Rs. term) as
GJ exports of India recorded low 4.97% in January! Read More »
DMCC has partnered with the Dubai-based artificial intelligence firm Qx Lab AI as it gears up to launch the DMCC AI Centre later this year. Through its, Ask Qx- platform, Qx Lab AI offers generative AI capabilities that can be integrated into services such as online chat functions or used by businesses and individuals to
First collaboration signed to provide new AI solutions Read More »
India’s gold market in the context of reform & growth, the World Gold Council said recently that, Rural India is the largest consumer of gold jewellery! Despite urbanisation and migration to cities, two-thirds of India’s population are rural dwellers. But this figure is falling. In the last decade alone, the number of people living in
The Role of Gold on Rural Consumption in India Read More »
