Author name: JNI

Sovereign Gold Bond (SGB) Scheme 2023-24 (Series IV) will open for subscription from 12th-16th February, 2024 In terms of Government of India Notification No.4(6)-B(W&M)/2023 dated December 08, 2023, Sovereign Gold Bonds 2023-24 (Series IV) will be opened for subscription during the period February 12-16, 2024 with Settlement date February 21, 2024. The issue price of […]

De Beers Group, Angola’s National Mineral Resource Agency, Angola’s state-owned diamond company, Endiama, and Angola’s state-owned diamond trading company, Sodiam, signed a Memorandum of Understanding (MoU) to advance Angola’s diamond sector with a focus on increasing diamond production, supporting the growth of alluvial diamond mining and enhancing social development opportunities for the benefit of Angola’s

Ketan Dhruv, Director-Bangalore Refinery recently said on Gold-plated silver jewellery that gained a traction!  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

Titan Company Limited, announced its results for the quarter and nine months ended 31st December 2023 Titan (Consolidated) recorded an income growth of 24% in Q3FY24 compared to Q3FY23. PBT grew 11% over Q3FY23 to, 1,378 crores. At the Jewellery front, total Income for the quarter grew 23% over Q3FY23 to, 11, 709 crores. The

In the Gold Market Commentary for the month of January, World Gold Council (WGC) said, Inflation risks seep back in! Protestations from some Fed members and a couple of hot data prints, appear to have finally doused expectations for a March Fed rate cut, coupled with a hawkish ECB turn. Falling rates (typically at the

In a significant announcement labelled as an Important Message, the All India Gems & Jewellery Domestic Council (GJC) has revealed that there will be no seizure of gold, jewelry, bullion, or other valuable articles in transit during the Model Code of Conduct period. This clarification comes following persistent efforts by the GJC and a subsequent

Rough diamond production decreased by 3% to 7.9 million carats, primarily due to the planned reduction in South Africa as Venetia transitions to underground operations, partly offset by higher production from Botswana. In Botswana, production increased by 6% to 6.1 million carats, principally driven by increased plant throughput at Orapa due to planned lower maintenance.

Recently, World Gold Council released Gold ETF Commentary & said, 2024 began with continued outflows! Global physically backed gold ETFs began 2024 with US$2.8bn outflows in January, stretching their losing streak to eight months. This was equivalent to a 51t reduction in global holdings, which lowered to 3,175t by the end of January. Meanwhile, total

Recently the RBI issue their Monetary Policy Statement, 2023-24, and announce their Resolution of the Monetary Policy Committee (MPC) of February 6 to 8, 2024. On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting (February 8, 2024) decided to keep the policy repo

Gemological Science International (GSI), a global leader in diamond and jewelry certification, has raised a red flag over a notable increase in undisclosed laboratory-grown brown, yellow, and pink diamonds infiltrating natural diamond jewelry and posing as natural diamonds. “Over the past several months, our team has seen a rise in laboratory-grown colored diamonds, primarily in