Chetan Kumar Mehta Propels Laxmi Diamonds to the Top
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Platinum is Set to Become the Metal of Choice: Sujala Martis
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
Rough Trading to Start in Mumbai from 1st July
Mumbai: The government has finally allowed international mines to sell rough diamonds in India, which otherwise Indian merchants had to earlier purchase from Antwerp. The Special Notified Zone (SNZ) to allow import and sale of rough diamond directly by global miners like De Beers, Rio Tinto, BHP Billiton and Al Rosa is set to become operational by July 1. While
China Sets up $16b Gold Investment Fund
Beijing: China has set up a $16-billion gold investment fund aimed at developing trade and transportation infrastructure between China and the rest of Asia, a recent report said. The fund is part of the country’s “Silk Road” initiative, China Central Television reported. Shandong Gold Group and Shaanxi Gold Group – two of China’s top gold producers – will take up
IGI Certifies 'Largest Colourless Grown Diamond’
Hong Kong: The International Gemological Institute (IGI) Hong Kong recently certified what it believes is the world’s largest HPHT-grown colourless diamond, the company said in a press release. The 10.02-carat square emerald-cut stone was fashioned from a record-breaking 32.26-carat piece of man-made rough, grown by St. Petersburg-headquartered New Diamond Technology LLC, in less than 300 hours. The laboratory certified the
Gem-A offer BSc degree top-up course
London: The Gemmological Association of Great Britain (Gem-A) is offering students who’ve previously studied the Association’s Gemmology and Diamond Diploma courses the chance to turn their diplomas into a BSc Honours degree in Gemmology and Jewellery Studies with Birmingham City University. Initially announced in the Gem-A Prospectus in 2014 and since verified by a validation panel, the top-up degree will
Rough Trading to Start in Mumbai from 1st July
Mumbai: The government has finally allowed international mines to sell rough diamonds in India, which otherwise Indian merchants had to earlier purchase from Antwerp. The Special Notified Zone (SNZ) to allow import and sale of rough diamond directly by global miners like De Beers, Rio Tinto, BHP Billiton and Al Rosa is set to become operational by July 1. While
China Sets up $16b Gold Investment Fund
Beijing: China has set up a $16-billion gold investment fund aimed at developing trade and transportation infrastructure between China and the rest of Asia, a recent report said. The fund is part of the country’s “Silk Road” initiative, China Central Television reported. Shandong Gold Group and Shaanxi Gold Group – two of China’s top gold producers – will take up
IGI Certifies 'Largest Colourless Grown Diamond’
Hong Kong: The International Gemological Institute (IGI) Hong Kong recently certified what it believes is the world’s largest HPHT-grown colourless diamond, the company said in a press release. The 10.02-carat square emerald-cut stone was fashioned from a record-breaking 32.26-carat piece of man-made rough, grown by St. Petersburg-headquartered New Diamond Technology LLC, in less than 300 hours. The laboratory certified the
Gem-A offer BSc degree top-up course
London: The Gemmological Association of Great Britain (Gem-A) is offering students who’ve previously studied the Association’s Gemmology and Diamond Diploma courses the chance to turn their diplomas into a BSc Honours degree in Gemmology and Jewellery Studies with Birmingham City University. Initially announced in the Gem-A Prospectus in 2014 and since verified by a validation panel, the top-up degree will
