Gold buy dips in December, but overall import jump widens trade deficit

India’s gold imports in December 2024 plummeted by half to $4.7 billion, compared month-on-month to November’s sharply lowered import figure of $9.8 billion (after last week’s data revision), amidst the government’s assurance of better coordination between departments to ensure “robust data”. Meanwhile, India’s overall goods exports in December 2024 contracted (year-on-year) for the second straight month,…

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GJEPC, De Beers join hands to promote natural diamond

De Beers Group, a leading diamond company, and the Gem and Jewellery Export Promotion Council have entered into a strategic collaboration to strengthen natural diamond reach. The collaboration, titled INDRA (Indian Natural Diamond Retailer Alliance), will leverage Artificial Intelligence to create customised retailer campaigns. It will support retailers with the tools to make sure that…

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