Chetan Kumar Mehta Propels Laxmi Diamonds to the Top
PGI Expects 50% Growth Rate in India: Pallavi Sharma
Platinum is Set to Become the Metal of Choice: Sujala Martis
Should Airlines Ban Carrying Gold in Hand?
Two Weeks, Two Divergences, One Mechanism: The Rupee is Rewriting Indian Gold
Macro Snapshot: Two weeks ago, the rupee crisis pushed MCX gold up 3.9% while COMEX gold fell 3.6%. The week ending May 29 produced the exact mirror image: COMEX gold rose 1.5% while MCX gold fell 2.0%. Same mechanism, opposite direction. The rupee’s path through the week tells the full story. The intra-week range of 95.05 to 96.26, roughly 1.2%, is what explains why MCX prices fell while COMEX prices rose. But US and Iranian negotiators reached a tentative agreement
Two Weeks, Two Divergences, One Mechanism: The Rupee is Rewriting Indian Gold
Macro Snapshot: Two weeks ago, the rupee crisis pushed MCX gold up 3.9% while COMEX gold fell 3.6%. The week ending May 29 produced the exact mirror image: COMEX gold rose 1.5% while MCX gold fell 2.0%. Same mechanism, opposite direction. The rupee’s path through the week tells the full story. The intra-week range of 95.05 to 96.26, roughly 1.2%, is what explains why MCX prices fell while COMEX prices rose. But US and Iranian negotiators reached a tentative agreement
Top News
More Undisclosed Synthetics Appearing at GIA
New York: The Gemological Institute of America is spotting more undisclosed lab-grown diamonds at its grading labs, says Tom Moses, executive vice president of GIA laboratory and research, according to a report appeared in JCKonline. “There clearly has been an increase in [undisclosed synthetics]. I can’t tell you how much the increase has been, but we have seen more in
Signet Q4 Sales up 45.5%
Hamilton: Signet Jewelers Limited has announced a 45.5-percent increase in total sales in the fourth quarter of Fiscal 2015. Sales increased by $712.4 million to $2.276 billion from $1.56 billion in the fourth quarter Fiscal 2014. The company said the increase was primarily driven by the addition of the Zale division, which added $636.7 million of sales to fourth quarter
FII Allowed to Raise Stake in Deccan Gold Mines
Mumbai: Investors lapped up shares of Deccan Gold Mines after the Reserve Bank of India (RBI) allowed Foreign Institutional Investors (FII) to increase stake in the company. The RBI notified recently that the foreign shareholding by Non-Resident Indians (NRIs)/Persons of Indian Origins (PIOs) in Deccan Gold Mines has gone below the revised threshold caution limit and therefore the restrictions placed
International Rough Diamond Week from April 12
Ramat Gan: The Israel Diamond Exchange (IDE) will hold its second International Rough Diamond Week (IRDW) from April 12-16, 2015, with a series of rough diamond tenders by Alrosa, De Beers Auction Sales, Rio Tinto Diamonds, I Hennig/ Fusion Alternatives and Tzoffey’s. “In 2014, Israel’s rough diamond trade passed the $5 billion mark,” said IDE Deputy President Arnon Juwal, who
More Undisclosed Synthetics Appearing at GIA
New York: The Gemological Institute of America is spotting more undisclosed lab-grown diamonds at its grading labs, says Tom Moses, executive vice president of GIA laboratory and research, according to a report appeared in JCKonline. “There clearly has been an increase in [undisclosed synthetics]. I can’t tell you how much the increase has been, but we have seen more in
Signet Q4 Sales up 45.5%
Hamilton: Signet Jewelers Limited has announced a 45.5-percent increase in total sales in the fourth quarter of Fiscal 2015. Sales increased by $712.4 million to $2.276 billion from $1.56 billion in the fourth quarter Fiscal 2014. The company said the increase was primarily driven by the addition of the Zale division, which added $636.7 million of sales to fourth quarter
FII Allowed to Raise Stake in Deccan Gold Mines
Mumbai: Investors lapped up shares of Deccan Gold Mines after the Reserve Bank of India (RBI) allowed Foreign Institutional Investors (FII) to increase stake in the company. The RBI notified recently that the foreign shareholding by Non-Resident Indians (NRIs)/Persons of Indian Origins (PIOs) in Deccan Gold Mines has gone below the revised threshold caution limit and therefore the restrictions placed
International Rough Diamond Week from April 12
Ramat Gan: The Israel Diamond Exchange (IDE) will hold its second International Rough Diamond Week (IRDW) from April 12-16, 2015, with a series of rough diamond tenders by Alrosa, De Beers Auction Sales, Rio Tinto Diamonds, I Hennig/ Fusion Alternatives and Tzoffey’s. “In 2014, Israel’s rough diamond trade passed the $5 billion mark,” said IDE Deputy President Arnon Juwal, who
