GJ Town India

Gold ETFs show resilience amid global economic shifts   Recently, the World Gold Council published their Gold ETF Commentary for the September 2024. The Report said, once again, the region saw FX hedging related inflows, albeit at a slower pace than August, driven mainly by continued strength in local currencies against the dollar.   Asian funds attracted US$175mn in September, extending the region’s inflow streak to 20 months. India again saw strong inflows, driven by factors not too dissimilar from previous months. At the same time, the strong gold price momentum and elevated geopolitical risk were contributors.   Increasing net longs were mainly contributed by money managers – their net positions reached 793t as of September, 8% higher than the end-August level and 84% above the H1 average of 430t. Similar to previous months, gold’s eye-catching performance and investors’ rising bets on the Fed’s future rate cuts were main drivers. In the context of Fed Rate, Colin Shah,

This opening marks Kisna’s 44th showroom nationwide   Kisna Diamond and Gold Jewellery, is proud to announce the grand opening of its 9th exclusive showroom in Delhi, NCR located at Vegas Mall, Dwarka. This marks Kisna’s 44th exclusive showroom nationwide. The inauguration was graced by Ghanshyam Dholakia, Founder & M.D, Hari Krishna Group, and Parag Shah, Director, Kisna Diamond & Gold Jewellery.   To celebrate the grand opening, Kisna is offering up to 100% off on diamond jewellery making charges. Building the excitement, Kisna’s #Abki_Baar_Aapke_Liye_Shop & Win a Car campaign offers consumers a chance to win from over 100 cars. Participate by purchasing diamond, platinum, or solitaire jewellery worth Rs 20,000 or more, or gold jewellery worth Rs 50,000.  Commenting on the launch, Ghanshyam Dholakia, Founder & M.D, Hari Krishna Group, stated “We are excited to open our Dwarka showroom, especially with the festive season approaching.  We aim to create a shoppin

DDC Week, taking place from 11 to 15 November 2024   DMCC has announced the agenda for Dubai Diamond Week , a world-first gathering of the global diamond industry in Dubai from 11-15 November that will feature a trifecta of events in the DMCC’s Dubai Diamond Conference (DDC), the Kimberley Process (KP) Plenary Session and the Jewellery, Gem & Technology in Dubai (JGTD) trade show.   The biennial DDC will kick off on Monday 11 November under the theme of Thriving Under Pressure: Navigating the new global paradigms - to drive critical conversations on the industry’s most pressing challenges.   This includes supply chain pressures amid economic and geopolitical uncertainty; key market dynamics and competition reshaping global demand; new regulatory and compliance requirements, with greater demand for transparency and traceability across the supply chain; and the urgent need for action on generic promotion to stimulate demand.   Keynotes will be led by HE Dr Thani Bin Ahmed Al Zeyoudi

The event to take place on October 24 and 25 at Saurimo's Center   Economist Jorge Guedes defended, in Saurimo, that the Lunda-Sul government should see the 2nd International Diamond Conference (IDC) as an opportunity to attract investments for productive sectors, such as agriculture and commerce, taking advantage of the presence of the G7.   Speaking to Angop regarding the event to take place on October 24 and 25 at Saurimo's Diamond Development Center, the economist highlighted the importance of the economic potential and the "good" environment to be displayed for big companies to feel attracted to invest in the province.   He highlighted that the economic future of the Lunda-Sul province passes through the sectors of agriculture, commerce, tourism and hotels, since the region has potential that, if well explored, can generate wealth, jobs and revenue for the State, through tax taxes. According to Jorge Guedes, the presence of the group of the seven most

  The Secretariat supports the 59 nodes of the diamond trade!   The UN-mandated Kimberley Process (KP), chaired by Ahmed Bin Sulayem, CEO and Executive Chairman of DMCC, inaugurated the historic KP Secretariat in Gaborone, Botswana.   The new Secretariat office - the first of its kind for the Kimberley Process will employ up to five people in its first year, serving as a hub for institutional memory, continuity, and ongoing support for the KP’s working groups and member countries. The office will be led by Mr Bojun Tang.   The inauguration ceremony was led by KP Chair Ahmed Bin Sulayem and Botswana’s Honourable Minister of Minerals and Energy, Lefoko Moagi, following a courtesy visit to Botswana’s president, HE Dr. Mokgweeti E.K Masisi, during which the country’s firm commitment to the KP was reaffirmed. Attendees of the ceremony included officials from the Government of Botswana, key industry participants, and representatives from Angola, China, the EU, Russia, Ukraine, th

  GJEPC hosted the 4th edition of the IGJS Dubai commenced! Update 1: The 4th edition of the International Gem & Jewellery Show (IGJS) Dubai commenced, hosted by the Gem & Jewellery Export Promotion Council (GJEPC) of India. This exclusive event, co-sponsored by Suntech Business Solutions and supported by the Dubai Gold & Jewellery Group, brings together the finest of Indian gems and jewellery, reinforcing India's position as a premier destination for global buyers. The 4th edition is scheduled to run through October 8 to October 10, 2024. The inauguration ceremony of IGJS Dubai 2024 was graced by esteemed dignitaries, including Satish Kumar Sivan, Consul General of India, Dubai; Kirit Bhansali, Vice Chairman of GJEPC; Chandu Siroya, Vice Chairman of the Dubai Gold & Jewellery Group; Tamjid Abdullah, Group Deputy CEO, Jawhara Jewellery, UAE; KP Abdul Salam, Vice-Chairman, Malabar Gold & Diamonds; and Ramesh Vora, GJEPC Middle East Coordinators; Nirav Bhansali,