GJ Town India

  Waiting to give gold a breakout or breakdown    Dr. Renisha Chainani, Head- Research, Augmont - Gold for all; said in a weekly [1 to 4 July] that, as the U.S. labour market continues to be strong and the economy created more jobs than anticipated last month, the price of gold has dropped below $3320 (~Rs 96500), fighting to regain its footing.    Last week, gold got off to a strong start and saw three days of gains before stalling when it became apparent that the US Federal Reserve was unlikely to lower interest rates anytime soon. Headlines about the US trade talks may influence Gold's movement in the near future if there are no important macroeconomic data releases. US President Donald Trump wrote a handwritten letter to Federal Reserve Chairman Jerome Powell requesting that he cut interest rates, White House press secretary Karoline Leavitt said. Trump, she added, thinks interest rates ought to be cut to around 1%.    However, Fed Chairman...

  Kellie will leave the NDC room by the end of the year    On the media record, recently David Kellie wrote, following the successful signing of the Luanda Accord committing more diamond producers to provide funding support for the promotion of natural diamonds, I have advised our Board of Directors that I will be stepping down from my position at the Natural Diamond Council at the end of 2025.   At the occasion of historic Luanda Accord, “Bringing together key leaders in the industry highlights the challenge facing the industry of insufficient investment in growing consumer demand. I am appreciative to all the Ministers who attended the meeting and their commitment to focus on consumer demand as the driver of future prosperity. I’d also like to thank De Beers for their unwavering support, and to the diamond centers of Antwerp, Dubai and Mumbai for their role in making the Accord happen,” stated David Kellie, CEO of Natural Diamond Council.  The accord w...

  Celebrates Legacy, Loyalty & Leadership    Dassani Brothers, a legacy name in the gems & jewellery industry, recently hosted its much-awaited internal employee event, Udaan 2026- a celebration of its people, its journey, and its shared vision for the bold and dynamic future.    Udaan 2026 represents Dassani’s ambition, progress and the courage to soar beyond limitations. It embodies the spirit of rising higher, embracing change, and moving towards a future full of promise and potential.    The event opened on a spiritual note with the chanting of the Navkar Mantra, setting a tone of gratitude and auspicious beginnings. The energy quickly lifted with a warm and engaging welcome session that featured lively introductions and team bonding. One of the key highlights was an inspiring journey film that traced the evolution of Dassani Brothers over the years, spotlighting its growth, values, and enduring commitment to craftsmanship and ...

  Diamond expo with a dazzling new venue to run until 13   The Surat Diamond Association (SDA) is proud to announce the return of its flagship B2B diamond exhibition, CARATS 2025, which will be held from July 11 to 13, 2025, at the newly designated venue, Avadh Utopia in Surat. Recognized as one of the most influential platforms for the diamond trade in India, CARATS 2025 promises to deliver an elevated experience for both exhibitors and visitors by moving to a state-of-the-art venue that matches the scale and stature of the industry it represents.   This year’s edition of CARATS will bring together a comprehensive showcase of the diamond value chain, featuring a vibrant mix of loose and lab-grown diamonds, fine jewelry, cutting-edge machinery, industry-specific software, and emerging technologies. Designed to be more than just an exhibition, CARATS 2025 is a confluence of tradition and innovation, where legacy businesses and emerging startups will stand shoulder ...

  Recovered precious metals hold firm since July 1   Precious metals recovered [during July1 to 3] some of their recent losses this week [June 23-27], bolstered by growing global trade tensions and increasing expectations of interest rate cuts by the Federal Reserve later this year. Gold, in particular, saw renewed investor interest as safe-haven demand rose on the back of heightened economic uncertainty.     With just over a week to go before the July 9 deadline for the reimplementation of higher tariffs, President Donald Trump once again stirred markets by threatening a new wave of tariffs on Japanese imports. The threat comes amid ongoing frustration with stalled trade negotiations between the United States and Japan. U.S. Treasury Secretary Scott Bessent indicated that countries could soon face tariff increases ranging from 11% to as high as 50%, up from the temporary 10% level introduced earlier this year.    Meanwhile, in the United S...

  The NDC report attempted to suggest how rare are FCDs   According to the Natural diamonds Council [NDC]’s Diamond Reports, Fancy Colour Diamonds [FCDs]- A series of reports uncovering the trends, origins and unique impacts of the ultimate Natural Gemstone; fancy colour diamonds are a quality of rarity. And the report attempted to suggest how rare are fancy colour diamonds.    There are varying estimates on what percentage of rough diamonds contain any fancy colour, although all agree it’s a small single-digit percentage. An even smaller fraction makes it through the polishing process with that colour intact. Of course, the rarity is even greater for certain colours than for the broader category, as some colours only account for a small fraction of all fancy colours. Rarity is one of the most compelling qualities that attracts collectors and jewellery buyers to fancy colour diamonds. But it is difficult to pin down.  Some factors that contribute to rari...