Chetan Kumar Mehta Propels Laxmi Diamonds to the Top
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Should Airlines Ban Carrying Gold in Hand?
The Selloff Deepens, but Demand is Answering: Are Gold-Silver Nearing a Floor?
Macro Snapshot: Two events defined the week ending June 12. On Monday June 9, White House officials indicated that US-Iran nuclear negotiations were making positive progress; oil prices dropped immediately, with WTI crude falling approximately 4% to $87.61 and Brent losing 3.5% to $90.92. Then on Tuesday June 10, the Bureau of Labor Statistics released the May CPI: headline inflation accelerated to 4.2% year-on-year, the highest reading since April 2023, up from 3.8% in April. The monthly increase was 0.5%,
The Selloff Deepens, but Demand is Answering: Are Gold-Silver Nearing a Floor?
Macro Snapshot: Two events defined the week ending June 12. On Monday June 9, White House officials indicated that US-Iran nuclear negotiations were making positive progress; oil prices dropped immediately, with WTI crude falling approximately 4% to $87.61 and Brent losing 3.5% to $90.92. Then on Tuesday June 10, the Bureau of Labor Statistics released the May CPI: headline inflation accelerated to 4.2% year-on-year, the highest reading since April 2023, up from 3.8% in April. The monthly increase was 0.5%,
Top News
Anonymous Sightholder Calls for Mass Rejections
Gaborone: In a mass email, an anonymous sightholder called on fellow De Beers clients to reject any unprofitable assortments, reports JCKonline. Do “not to take any box which doesn’t have the value of at least 10% gross profit after polishing,” beseeches the missive, which came from a “simple sightholder” and has been reprinted online. “Please, if your future, the future
Gems One Introduces the Epic 101 Diamond Cut
New York: Gems One launched the Epic 101, a new branded special cut diamond that features 101 facets and employs what the company said was a faceting architecture designed to provide maximum light performance. The company is marketing the Epic 101 to authorized dealers to gain a competitive advantage in the bridal category. Anuj Jain, the president of Gems One,
Zim ‘Shocked’ with Accounts of Diamond Mines
Harare: Zimbabwe’s auditor general Mildred Chiri has revealed in her latest government audit report that she was “shocked” to find that most diamond mining companies in the Marange area have been operating “in the red” since 2013. NewsDay reports that the companies had their current liabilities exceeding current assets by a wide margin. On Marange Resources, auditors discovered that the
Alrosa to up investment in Angola
Moscow: Russian diamond mining giant Alrosa, which currently has a stake in Angola’s Catoca, is set to up its investment in the southern African country. Catoca produces about 75 percent of Angola’s gems. Angolan news agency, Angop quoted the company chief executive Andrey Zharkov as saying that Arosa would implement a series of projects in partnership with Endiama and other
Anonymous Sightholder Calls for Mass Rejections
Gaborone: In a mass email, an anonymous sightholder called on fellow De Beers clients to reject any unprofitable assortments, reports JCKonline. Do “not to take any box which doesn’t have the value of at least 10% gross profit after polishing,” beseeches the missive, which came from a “simple sightholder” and has been reprinted online. “Please, if your future, the future
Gems One Introduces the Epic 101 Diamond Cut
New York: Gems One launched the Epic 101, a new branded special cut diamond that features 101 facets and employs what the company said was a faceting architecture designed to provide maximum light performance. The company is marketing the Epic 101 to authorized dealers to gain a competitive advantage in the bridal category. Anuj Jain, the president of Gems One,
Zim ‘Shocked’ with Accounts of Diamond Mines
Harare: Zimbabwe’s auditor general Mildred Chiri has revealed in her latest government audit report that she was “shocked” to find that most diamond mining companies in the Marange area have been operating “in the red” since 2013. NewsDay reports that the companies had their current liabilities exceeding current assets by a wide margin. On Marange Resources, auditors discovered that the
Alrosa to up investment in Angola
Moscow: Russian diamond mining giant Alrosa, which currently has a stake in Angola’s Catoca, is set to up its investment in the southern African country. Catoca produces about 75 percent of Angola’s gems. Angolan news agency, Angop quoted the company chief executive Andrey Zharkov as saying that Arosa would implement a series of projects in partnership with Endiama and other
