NEWS
Rome: Italian Exhibition Group Spa (IEG),
the company generated by a merger between Rimini Fiera and Fiera di Vicenza,
and Arezzo Fiere e Congressi Srl have signed a strategic agreement creating a
single organization for shows involving the gold and jewellery industry.
Mumbai: It has been rightly said “True
loves comes once in a lifetime and lasts for eternity- Anonymous”, and this
‘true love’ deserves to be commemorated with nothing but the rarest and purest
of metals- Platinum. So this Valentine’s Day, celebrate each other and that
intimate of bond of togetherness with an enchanting range of pure Platinum Love
Bands.
Los Angeles: Exquisitely crafted platinum jewellery is truly a red-carpet favorite. At the recently held premiere of film ‘Big Little Lies’ in L.A, Hollywood Actor Reese Witherspoon was seen elegantly flaunting platinum jewellery from Tiffany & Co. World over, designers prefer precious platinum to create master pieces because of its versatility. It is also the most secure setting for any precious gemstones.
London: Citigroup Inc. reaffirmed their
neutral rating on shares of Gem Diamonds Limited in a research report sent to
investors on Tuesday morning. The firm currently has a GBX 115 ($1.43) target
price on the stock.
Mumbai: The Diamond Producers Association
(DPA) plans to audit synthetics detectors to help the industry navigate its way
around the broad choice of machines available on the market, reports Rapaport.
Mumbai: Tribhovandas Bhimji Zaveri (TBZ)
yesterday reported a 89% surge in profit after tax (PAT) at Rs. 6.14 crore in
the third quarter ended December 31 as compared to the same period of last
year. The jewellery retailer's PAT stood at Rs. 3.25 crore in the corresponding
quarter of previous year. The total income from operations during Q3 of FY17
grew 9.55 percent to Rs. 542.99 crore from Rs. 495.66 crore a year ago, the company
said in a release here.
Mumbai: For the second time in a row, the
Reserve bank of India (RBI) yesterday opted for a status quo in its key rates
but shifted the stance of the monetary policy from ‘accommodative’ to
‘neutral’. “The decision of the Monetary Policy Committee (MPC) is consistent
with a neutral stance of monetary policy in consonance with the objective of
achieving consumer price index (CPI) inflation at 5 per cent by Q4 of 2016-17
and the medium-term target of 4 per cent within a band of +/- 2 per cent, while
supporting growth,” it said.
Mumbai: Under the Pradhan Mantri Kaushal
Vikas Yojna (PMKVY- 2), GJSCI commenced another ambitious project called
Recognition of Prior Learning (RPL) Program in Seepz. The aim behind this
initiative is to uplift the karigars of gems & jewellery industry in India.
The event was inaugurated by Shri N.P.S. Monga I.T.S Development Commissioner,
SEEPZ-SEZ (Maharashtra, Goa, Daman & Diu), in the presence of Mr. Gaurav
Kapoor- Head Industry Partnerships & CSR-NSDC, Mr. Rajeev Pandya- President
SGJMA, Mr. Vinod Khewalkar- Apprenticeship Advisor, Mr. Prem Kumar Kothari-
Chairman GJSCI & Mr. Binit Bhatt- CEO GJSCI. The event was attended by the
top management of various companies nestled in the SEEPZ premise.
Mumbai: World Federation of Diamond Bourses
(WFDB) President Mr. Ernie Blom told the 2017 Presidents Meeting on Tuesday
that the organisation will work in close cooperation with the Diamond Producers
Association (DPA) in order to help boost its generic diamond marketing efforts.
Mentioning reports that the DPA was looking to boost its annual budget from the
current $6 million, he told the international gathering taking place in Mumbai
this week that the increase in the DPA's budget will allow it to invest in more
sophisticated and long-term programmes.
Mumbai (Report
by Evaluate Research): Rajesh Exports
reported results for the third quarter ended December which were in-line with
our estimates reaffirming our confidence in the outlook of the company. 3Q sales came in at Rs. 644.9 billion vs. Rs.
498.2 billion in the corresponding quarter last year, an increase of 29% YoY.
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