IBJA times - May 15, 2018

The more things change, the more they stay the same is an English translation of a 19th century French saying and is
an apt way to describe the gold market of last year. The average annual dollar gold prices rose a mere
0.5% in 2017, a stark contrast to all prior years this century which have seen moves (whether up or down) of more than 5% and typically double-digit. We present the excerpts of annual GFMS survey as a special coverage in this issue.

We are also presenting the annual gold survey by WGC as the lead story to glance back to last year and plan better for this year. 2017 was a challenging year for gold demand, it fell to its lowest level since 2009. Investment and central bank demand accounted for most of the decline.While institutional investors continued to add funds to gold backed ETFs, inflows were a fraction of what we saw in 2016.

Among other articles, we urge you to take a look at Budding Designers folio, where we are presenting profiles of upcoming designers ,who we think are going to earn a name for themselves in the days to come. This is part of our intention of bringing the designers and manufacturers together and bridge the gap between both.

With wedding season approaching, we hope things will improve in coming days. Wishing everyone happy and prosperous business times ahead.