The delegation representing the industry of gems and jewelry in the United States to Myanmar (Burma), held a discussion on the bilateral trade between the two countries, according to IDEX Online.
At the head of the delegation were President of the American precious stones Trade Association (American Gem Trade Association, AGTA) Jeffrey Bilgor (Jeffrey Bilgore), CEO of AGTA Douglas Hacker (Douglas Hucker), President and CEO of Jewelers Association of America (Jewelers of America, JA) David Bonaparte (David Bonaparte), as well as Dzhim Shigli (Jim Shigley) from GIA (Gemological Institute of America, GIA) . Main purpose of the trip - restoration of direct trade links between Myanmar and the United States.
"Our goal here - to demonstrate that the gemstones sector in Myanmar is worthy, as well as throughout the world, and that commercial responsibility that can only help us all to improve and make democracy stronger", - said Bilgor.
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Despite the efforts of the Indian authorities, gold imports to India grew by 19% in the first six months of the current fiscal year (April 1 to September 30 of the calendar 2015). According to official data released on 22 December in the reporting period, gold imports totaled $ 17.5 billion versus $ 14.65 billion in the same period last year.
In July-September, the figure was $ 9.9 billion, an increase of 31% from $ 7.6 billion in the same period last year. Meanwhile, in the first quarter of this fiscal year (April-June), gold imports to India grew by 33% to 7.5 billion.
The World Gold Council (World Gold Council, WGC) estimated the volume of gold imports into India in 464 tons , against 431 tonnes in the same period last year. In the third quarter of last fiscal year, the figure reached 501 tons. Amounted to 961 tonne in the 2014-2015 fiscal year, the total overall gold imports to India. This year, believed to the WGC, it can reach 1000 tons.
"2015 was the exciting market of gold due to the high demand from the central banks of Asian markets and consumers ingots and coins in Europe. Schemes gold monetization offered by the Indian government as well as the further internationalization of the RMB and increase clarity around gold Chinese reserves in the next year will continue to support the gold market. The role of gold as an asset for the diversification of the investment portfolio and the safe-haven asset continues to be its main advantages of e . orogostoyaschey assessment of inventories and a high risk of reduced liquidity Finally, the importance of gold in the individual cultures of the world continues to be significant in 2016, "- said Alister Hyuitt (Alistair Hewitt), WGC director of market analysis.
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