Author name: JNI

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

Recently, the World Gold Council (WGC) announce, India’s Gold Demand Statistics for Q4 2023 (Quarter ended, October – December). At the juncture, Somasundaram PR, Regional CEO, India, World Gold Council said, India’s gold demand in 2023 declined by 3% to 747.5 tonnes strongly influenced by rising gold prices. Although consumer interest remained high, it lagged

De Beers Group announced the value of rough diamond sales for the first sales cycle of 2024. The provisional rough diamond sales figure quoted for Cycle 1 represents the expected sales value for the period and remains subject to adjustment based on final completed sales. Al Cook, CEO, De Beers Group, said: “Solid consumer demand

According to the Gem & Jewellery (GJ) industry & trade wish list, the jewellery trade wishes to trade Ashoka Chakra Gold Coins. The Indian government has mandated MMTC Ltd for the coin. The Ashoka Chakra Gold coins launched by Honorable PM is a pride to our nation. The GJ fraternity wishes that the Government to