Author name: JNI

DMCC has announced Dubai’s diamond trade figures for 2023, headlined by 2% year-on-year growth in the value of rough and polished diamonds traded to reach USD 38.3 billion. This represents a five-year compound annual growth rate of 11%. Reflecting the UAE’s status as one of the world’s largest diamond trading hubs, the value of polished […]

According to the reliable sources, India’s overall gross exports of Gems & Jewellery (GJ) registered at US$ 3046.84 million (Rs. 25274.640 crores) in the month of February 2024 is showing a decline of 12.66% (-12.34%in Rs. term) as compared to US$ 3488.51 million (Rs. 28832.86 crores) for the same period previous year. The overall gross

The Trade and Economic Partnership Agreement (TEPA) between India and European Free Trade Association (EFTA) has opened immense opportunities for Indian gem and jewellery (G&J) sector to enhance its exports to the untapped EFTA countries especially to Switzerland. EFTA countries have removed customs duties on the entire chapter 71 (Gem and Jewellery products) enabling Indian

De Beers Group today announced the value of rough diamond sales for the second sales cycle of 2024. The provisional rough diamond sales figure quoted for Cycle 2 represents the expected sales value for the period and remains subject to adjustment based on final completed sales. De Beers Group CEO Al Cook said: “I’m pleased

Mumbai, India: In a splendid showcase of athleticism and team spirit, Hari Krishna Exports proudly hosted its much-anticipated Annual Sports Day on March 10th, transforming the Air India Ground in Mumbai into a vibrant arena of competitive spirit and camaraderie. This year’s event, titled “HK Premier League 2024,” brought together over 700 of the company’s

Juan Carlos Artigas, Global Head of Research-WGC explains those factors, behind gold’s March rally! He said at World Gold Council (WGC) that, Gold has reached continuous highs in March and is trading close to US$2,200/oz! Gold’s price increase of 6.5% m-t-d1 can, in part, be explained by a weaker USD, as well as higher risk

Asian markets mixed as positive sentiment from another record session in the US was offset by wage talks in Tokyo, with early indications in favor of a Bank of Japan pivot. Comex Gold futures holds decline as hotter tan expected US inflation showed that fed battle isn’t over. Investors now look ahead to FOMC meeting

Colin Shah, MD, Kama Jewelry said on, Gold Outlook in the context of post US inflation data! He said, “The recent US inflation numbers turning out sticky have led to gold prices inching higher, thereby slashing the chances of a rate cut by the US Fed. This uncertainty will directly reflect in further volatility when

In a gold market & Indian jewellery exports arena, there are various favourable factors. According to the gold market report that recollected & referred US favour under the International jewellery trade, heading. That report said, removal of proposed tariffs by the US will further help Indian jewellery exports. Although exports to the US have grown,

The silver price over the first ten months of 2023 averaged $23.29/oz. This is a solid improvement on 2022’s full-year figure of $21.73/oz. Silver is also trading well above its 2014-19 average of $16.81/oz. Over the past three years, a recovery in fabrication from its COVID-induced slump coupled with buoyant investment has led to a