Global gold jewellery demand dipped by 3% during the three month period ended September 30, 2017 to 478.7 tonnes, the World Gold Council has said in the latest edition of its quarterly report, Gold Demand Trends. The decline was mainly attributable to a sharp 25% year-on-year slump in Indian demand to 114.9 t, which negated […]

The post WGC: Gold Jewellery Demand Down 3% in Q3 ’17; 25% Decline in India, Rise in US, China appeared first on The Jewelry Magazine.

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 World Gold Council (WGC) has released its gold demand trends for Q2 2017 noting a weak demand for gold jewellery in the UK. According to the report, gold jewellery demand was down by 4% across Europe, stipulating that demand was “particularly anaemic” in the UK, where prolonged uncertainty over Brexit deterred anxious consumers. In […]

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Golden Saint Resources Ltd, the junior mining company focused on exploration for diamonds and gold in West Africa, has announced the recovery of 14 more diamonds weighing a total of 10.46 carats from its Tongo Site 1 in Sierra Leone during recent bulk sampling operations. The Company said that the stones ranged from 0.25 to […]

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Global gold prices responded to the latest 0.25% hike in the US Federal Reserve rate announced yesterday with only marginal movement, partly because the market may have already factored in the increase in rates during its drop over the past few weeks, and partly because some of the economic data from that country also released […]

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Dominic Jones’ first collection for London–based Astley Clarke reaches for the stars. The creative director, who’s back on the scene after a three-year hiatus following the shuttering of his namesake jewelry company, drew inspiration from the solar system. On rings, earrings, and pendants, stones like labradorite are harnessed to represent Jupiter while Mars is made […]

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The   Finance Bill 2017, recently introduced in the Indian Parliament  has   lowered the threshold level for the cash purchase of jewellery from Rs. 5,00,000 to Rs. 2,00,000. Once passed, a 1% Tax Collected at Source (TCS)    will be applicable on  all cash purchases of jewellery above Rs. 2,00,000.  This is expected to become effective  from […]

The post Purchase of Jewellery Over Rs. 2 Lakh in Cash To Attract 1% TCS from April 1, 2017 appeared first on The Jewelry Magazine.

Gold edged up slightly in a technical rebound on Monday after one-month highs hit last week were undercut by the prospects of more interest rate hikes from the US Federal Reserve. Spot gold edged 0.1 per cent higher to $1,174.23 an ounce by 0715 GMT. Gold gained nearly two per cent last week, its biggest […]

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