The gold price has moved ahead this year, despite rising US interest rates and a persistent bull market in equities. Looking ahead, there are several reasons to believe that gold could maintain upward trajectory, as John Reade, chief market strategist at the World Gold Council, explains. Investor attention may have been focused on US equity […]

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The World Gold Council (WGC) has released a report urging the gold trade in India to engage with the government and create a road map for the enforcement of mandatory hallmarking within India. The report, entitled Mandatory hallmarking: Global practices and road map for India, emphasises that “gold purchases are centred on trust…(and) the trust […]

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The Diamond Producers Association (DPA), an alliance of leading diamond miners like Alrosa, DeBeers, Rio Tinto, etc., has come to India to promote diamonds primarily among upper socio-economic class couples a few years into their marriage. “We are talking to couples who are a few years into their journey of marriage, focusing on NCCS A, […]

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Hong Kong’s retail sales of jewellery, watches and clocks continued to increase in September, with year-on-year figures rising 14.7 percent, provisional data released by the Census and Statistics Department showed. Government data also revealed that from January to September this year, jewellery sales reached HK$53.56 billion (around US$6.87 billion), up 4.3 percent from the same […]

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The Government of India has made amendments to the Bureau of Indian Standards Act 2016, which were recently passed by Parliament. By a notification of the Ministry of Consumer Affairs the new changes in the Act come into force from October 12, 2017. Apart from other changes, the new Act empowers the Bureau of Indian […]

The post Government Empowers BIS to Make Hallmarking of 14k, 18k & 22k Gold Jewellery Compulsory appeared first on The Jewelry Magazine.

The demand for gold jewellery, considered the primary store of value in rural India, fell by as much as 30% in the run-up to Diwali due to untimely rains in the October harvesting season, the lingering effects of demonetisation, and an increase in bullion prices after the rollout of the goods and services tax (GST). […]

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Yellowknife, Northwest Territories–Dominion Diamond Corporation has announced La Pierre Précieuse Inc. as this year’s winner of the CanadaMark Jewelry Competition. The annual competition serves to highlight Dominion’s CanadaMark diamonds, which are responsibly mined in the Northwest Territories and tracked through every stage of the supply chain. The mining company asked Canadian jewelers to submit designs […]

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India’s gold imports for 2016 are estimated to be 492 tonnes in voume terms or about US$ 16-17 billion in value terms, according to a survey by Thomson Reuters GFMS. The agency said that not only does this represent a significant dip compared to the previous year, but is also the lowest level they have […]

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