Gold Imports in June Quarter Dip 25% to $8.43 Billion
Gold imports fell by 25 percent to $8.43 billion in the first quarter of the current fiscal due to sliding prices of the metal in both global and domestic markets.
According to the commerce ministry...
GJEPC Refutes Reports on Discontinuation of Supply of Duty Free Gold by Nominated Agencies...
The Gem & Jewellery Export Promotion Council (GJEPC) today issued a statement countering and refuting media reports on discontinuation of supply of duty free gold by nominated agencies to the export community.
The reports began...
I-T Dept. to re-assess ITRs of rich buyers of Nirav Modi jewellery: Officials
The buyers will be charged for tax evasion and subsequent action will be initiated if discrepancies of concealed cash payments are found.
The Income Tax Department has decided to re-assess the ITRs of over 50...
Goldsmiths invests £50K in Jersey store revamp
National jewellery retailer Goldsmiths has already begun making improvements to its stores this year, starting with a £50K investment to refurbish its Jersey showroom.
The showroom inn the heart of the island’s capital, St. Helier,...
Asia Gold-Safe haven lure fails to lift demand; Indian jewellers stock up
* Higher prices dampen appeal
* China premiums ease to $3-$7 an ounce
* Spot gold on track for biggest weekly gains in three
* Dealers in India offer $2/oz discount
Physical gold demand lacked vigour in most...
India, Singapore buyers cash in on slight price correction
Physical gold demand in Japan slackened this week as prices rallied, while a market correction towards the latter half of the week lured some buyers back in India and Singapore.
In Japan, the metal was...
Clogau maintains retail momentum as turnover increases to £14.3m
Welsh jewellery brand Clogau has reported an increase in turnover to £14.3m, with both its own store network and online business contributing to the growth.
The company recorded a 0.8% improvement in revenue versus the...
Gold barrels into 2019 as growth concerns spur demand for haven
Gold closed out 2018 on a strong note, its haven demand reinvigorated by volatile trading in global equities, rising concern about the economic outlook and a drawn-out government shutdown in the U.S.
Bullion futures held...
Chinese more inclined to buy diamond jewellery than Americans, says study
More Chinese consumers are expected to buy diamond jewellery in the future compared to their American counterparts, according to a recent research.
Russian mining giant Alrosa and research firm GfK surveyed more than 4,000...
Billionaire brothers bag London’s iconic jewellery retail hub
London’s Burlington Arcade, home to a growing portfolio of luxury watch and jewrellery retailers, has sold for £300m.
The retail area, which houses over 20 jewellery companies, originally went up for sale for £400m at...
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