Global gold ETF now positive in 2018

Holdings in global gold-backed ETFs and similar products rose in November by 21.2 tonnes (t) to 2,365t, equivalent to US$804mn in inflows, marking the second consecutive month of net inflows. Global gold-backed ETF flows are now positive in US dollar terms on the year. The price of gold was little changed (+0.2%) and global assets under management (AUM) rose by 1.1% in US dollars relative to October.

Global stock markets remained volatile, although they ultimately ended the month mixed. Oil performance was a key story as the commodity fell more than 22% on the month amidst supply concerns. The US 2/10 Treasury yield curve flattened to near-low prices on the year as investors became concerned that US economic conditions may have peaked and could be showing potential for a recession in either 2019 or 2020. Long-dollar hedged gold is now higher on the year, rallying over 6% in Q3 with the improving gold and US dollar pricing.

Arab countries prefers Brazilian jewelry

The business owner and jewelry designer Ana Marcia Albuquerque with Her Goldesign brand is enjoying success in the Arab world. She sells product in the UAE, Qatar, Bahrain and Lebanon. Last October, she was invited to curate the Jewellery & Watch Show (JWS) in Abu Dhabi. Ana Marcia has been going to events in that region for 14 years now.

“It wasn’t easy. It’s a competitive market. It’s a market with the best in the world, in all aspects. They have the best, so, really, in order to enter the Arab market you need a good plan. You need to be very good, one hundred percent perfect and true,” Ana Marcia.

GDP growth projected 7.4% for 2018-19

Finance Ministry Statement on Fifth Bi-monthly Monetary Policy Statement, 2018-19 Resolution of the Monetary Policy Committee, Reserve Bank of India issued, on the basis of its assessment of the current and evolving macroeconomic situation, decided to keep the Policy Repo Rate under the Liquidity Adjustment Facility (LAF) unchanged at 6.5 per cent. The MPC has, however, retained its stance of ‘calibrated tightening’.  

The GDP growth projection for 2018-19 is retained at 7.4 per cent as in the Fourth Bi-monthly Resolution in October, 2018. The projections of inflation for 2018-19 and Q1:2019-20 have been substantially revised downwards from the October resolution.

No rate hike in the near term by RBI

Dr. Sunil Sinha, Principal Economist, India Ratings and Research (Fitch Group) expressed view on  RBI's Fifth Bi-monthly Monetary Policy Statement 2018-19 says, as expected RBI kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5%.

Although RBI has lowered its CPI inflation projection to 2.7%-3.2% in H2:2018-19 and 3.8%-4.2% in H1:2019-20 as against its earlier projection of 3.9%-4.5% in H2:2018-19 and 4.8% in Q1:2019-20, it still believes that there are challenges to inflation and inflationary outlook.

AMY launches exclusive collection

Brand partner of Swarovski Gemstones!

Collection with Swarovski Zirconia!

Ulka Gupta, Bollywood & Kollywood star walks the ramp with Amy’s latest nature inspired millennials collection at Kerala Gems & Jewellery Show.

Amy Exports & Imports from Kerala, branding partner of Swarovski Gemstones launched three collections at the Kerala Gem & Jewellery Show 2018. The collection was launched by Ms. Ulka Gupta Bollywood & Kollywood star along with Mr. Rajendra Jain MD India, Swarovski Gemstones. Other industry dignitaries who graced the occasion with their presence and good wishes were Mr Anwar Sadat, MLA of Aluva, Mr K Srinivasan, MD - Emerald Jewel Industries, Mr A K Nishad, Malabar Gold & Diamond, Mr Sumesh Wadhera,  Mr P V Jose, Mrs Kranti Nagvekar, Mr Jayantilal Challani, Mr Princeson Jose of Prince Jewellery and entire Jewellery fraternity from Kerala.

Sotheby’s Magnificent Jewels NY fetches $46.4mn

A combination of important diamonds, exceptional colored gemstones and iconic designs emerging from private collections, including those of Barbara Sinatra and Happy Rockefeller drove Sotheby’s New York sale of Magnificent Jewels to achieve $46.4 million. Our worldwide Jewelry auctions in 2018 have now crossed $403.4 million in sales, with our Fine Jewels auction in London remaining this month and online-only sales of Fine Jewels and a Diamond Capsule Collection.

Below is a look at the remarkable pieces that led today’s results.

Magnificent Diamonds: Gary Schuler, Chairman of Sotheby’s Jewelry Division, Americas commented: “Today’s sale caps off what has been yet another great year for Jewelry at Sotheby’s New York. Our results demonstrate the timeless appeal of diamonds and continued appetite for exceptional colored gemstones and signed jewels from jewelry lovers and connoisseurs all over the world.  We are particularly delighted by the results achieved for the two white diamonds over 20 carats in the sale, whose color, cut, and clarity were remarkable by every measure.”

Rajendra Jain & AMY Awarded

In Recognition for the contribution made to G & J Industry

AMY bags the Best Manufacturer Award

The 9th edition of the Kerala Gem and Jewellery Show was held from 1st Dec to 3rd Dec 2018 at Cochin. The show has grown in strength over the years and has emerged a strong platform for jewellery trade. KGJS Expo organized an exclusive Awards Night on the 1st of December 2018 to recognize and celebrate the Jewellers creativity, hard work, innovation and contribution for the year 2018 towards the development & growth of the Gem & Jewellery Industry.

GIA’s journal G&G published

The excitement and discoveries from GIA’s (Gemological Institute of America) sixth International Gemological Symposium can be experienced in the Fall issue of Gems & Gemology (G&G), GIA’s quarterly professional journal.

Nearly 800 attendees from 36 countries gathered in Carlsbad, California, from Oct. 7 to 9 to learn about leading-edge gemological and mineralogical research and to advance their understanding of global business. The research and business tracks ran simultaneously, offering guests the opportunity to immerse themselves in either area.

GJEPC organises first India Jewellery BSM in Kolkata

The Gem and Jewellery Export Promotion Council (GJEPC) organized a two-day  India Jewellery Buyer-Seller Meet on December 4 and 5, 2018, in Kolkata among leading jewelers from participating countries like Bangladesh, Bahrain, Kuwait, Malaysia, Singapore, UAE, UK and USA.

This initiative aims to offer a gateway to a huge potential market, which will further boost the bilateral investment and trade opportunities with a fresh vigour.

The objective of the first-ever trade meet at Kolkata is to invite key business decision makers from these countries and arrange one-to-one meetings with the prominent 24 Indian Jewellery manufacturers from India who is showcasing trendy and latest plain gold crafted jewellery and studded jewellery, in an effort to develop new trust and understanding at a cultural, business & professional level and to explore future business opportunities.

Artisan awards 2019 announced

In an attempt to encourage jewellery designers GJEPC has invited participation from all established and budding designers across the nation to bring out the best of their designs and present on or before December 20, 2018. The key object of the GJEPC is to promote highest levels of artistry, innovation and individuality among Indian jewellery designers.

Recognising and rewarding the best in jewellery design. The Artisan celebrates the highest levels of artistry, innovation and individuality, elevating jewellery designers to their rightful status of artists. The Artisan jewellery Design Awards 2019 invites India's finest jewellery designers to push their design boundaries and reveal their utmost creativity and skill by showcasing world class pieces by keeping the theme 2019 in mind.

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