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U.S. Jewelry Price Inflation -1% in April
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The U.S. consumer price index (CPI) for jewelry eased again in April, falling 1.2 percent year on year to 174.96 points in response to weaker prices for precious metals. The CPI was a little more than...
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Research
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May 17, 2013
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Jeff Miller
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Marketing
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May 08, 2013
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Kama Schachter
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Gold and Diamond Risk
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The recent slump in gold prices has not impacted the diamond market. Having enjoyed a stable and positive first quarter, diamond trading was steady this week while gold markets were in panic. However,...
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Polished Markets
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Apr 19, 2013
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Avi Krawitz
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Speculators Trigger Drop in Gold Prices
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Press Release: This general statement may be attributed to Aram Shishmanian, the CEO of the World Gold Council: "It has become increasingly clear over the course of the past week that the fall in the...
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Marketing
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Apr 18, 2013
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World Gold Council
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Fairtrade Gold Scheme Simplifies
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The Alliance for Responsible Mining (ARM) and Fairtrade International (FLO) will not renew their partnership contract with Fairmined and Fairtrade gold, so the original agreement will end on April 22 and the standards...
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Fair Trade
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Apr 16, 2013
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Jeff Miller
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State Govt. Raises VAT Charge on Mumbai Diamonds
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India’s Maharashtra State government raised the rate of value-added tax (VAT) for diamonds and precious metals sold in the state on April 1. The increase pertains to diamonds traded in Mumbai, the capital city of Maharashtra...
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Polished Markets
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Apr 10, 2013
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Avi Krawitz
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Manufacturing
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Mar 05, 2013
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Jeff Miller
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India to Suspend Gold Jewelry Imports from Thailand
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India is planning to suspend its gold jewelry imports from Thailand as the government has expressed concern that the incoming jewelry does not have 20 percent added value as stipulated in the foreign trade agreement between...
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Financial-Legal
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Feb 21, 2013
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Dilipp S Nag
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Gold Jewelry Demand +4% to $103B in 2012
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Global gold demand reached a record of $236.4 billion in 2012, up 2 percent year on year, according to the World Gold Council. The fourth quarter experienced the strongest performance as demand rose 6 percent to $66.2 billion, which was...
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Manufacturing
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Feb 14, 2013
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Jeff Miller
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Gitanjali's 3Q Sales +27%, Profit +34%
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Gitanjali Gems Ltd. reported that group sales rose 27 percent year on year to $809.5 million (INR 43.55 billion) during its third fiscal quarter that ended on December 31, 2012. Strong performances at its jewelry...
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Retail
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Feb 14, 2013
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Dilipp S Nag
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PC Jeweller to Increase Focus on Diamond Jewelry
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India’s PC Jeweller Ltd. (PCJ) plans to enhance its focus on diamond jewelry given their higher profit margins and as consumers' buying behavior is increasingly shifting towards diamond jewelry from gold jewelry.PCJ on Thursday reported sales...
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Retail
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Feb 08, 2013
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Dilipp S Nag
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RBI Panel Suggests More Curbs on Gold Imports
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A panel created by the Reserve Bank of India (RBI) to study issues related to gold has recommended measures such as introducing new gold-backed financial products, designing inflation indexed bonds and prohibiting bank finance for purchases...
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Financial-Legal
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Feb 07, 2013
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Dilipp S Nag
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Polished Markets
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Jan 29, 2013
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Dilipp S Nag
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Higher Import Duty to Increase Gold Smuggling in India
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, The increased gold import duty imposed by India's government may lead to more smuggling activity, but the tax is unlikely to have much of an impact on consumer demand in the world's largest gold market, industry observers said....
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Financial-Legal
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Jan 22, 2013
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Dilipp S Nag
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India Raises Gold Import Duty to 6%
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India increased the import duty on gold to 6 percent from 4 percent effective immediately to discourage the demand for gold, which is one of the key contributors to the country's large current account deficit. The government also...
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Financial-Legal
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Jan 21, 2013
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Dilipp S Nag
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Will Gold Continue to Glitter This Year?
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Despite the numerous factors pressuring gold, Indian consumer demand for the yellow metal picked up toward the end of 2012. Gift giving during Diwali and purchases for the wedding season helped boost...
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Retail
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Jan 21, 2013
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Dilipp S Nag
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India Hints at Raising Gold Import Duty
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India may consider raising the import duty on gold in order to control its widening current account deficit. The country’s deficit for the first fiscal half that ended on September 30, 2012 stood at $38.7...
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Financial-Legal
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Jan 03, 2013
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Dilipp S Nag
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PC Jeweller’s IPO Subscribed to Seven Times
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The initial public offering (IPO) of PC Jeweller Ltd. (PCJ) was subscribed to 6.85 times on Wednesday, the final day of the issue, according to data from the National Stock Exchange (NSE). The company planned to raise...
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Financial-Legal
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Dec 13, 2012
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Dilipp S Nag
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Analysts Review PC Jeweller’s Upcoming IPO
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The initial public offering (IPO) of PC Jeweller (PCJ) will open on Monday. The company plans to raise up to $111 million (INR 6.09 billion) during the offering of 45.1 million equity shares, the proceeds of which would...
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Financial-Legal
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Dec 07, 2012
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Dilipp S Nag
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Retail
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Dec 06, 2012
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Dilipp S Nag
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