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
Are Diamond Buyers ‘Scared’ of De Beers’ power?
New York: Diamond buyers are allegedly “scared stiff” of De Beers’ power as prices the company demands for rough stones were beyond their reach. Bloomberg quoted Diamonds, Precious Stones and Jewelry Administration director Shmuel Mordechai as saying the money that buyers get for cut gems was failing to keep up with what De Beers was asking. “It (De Beers) dictates
Advanced HPHT for Lab Grown Diamonds
Antwerp: The IGI Laboratory in Antwerp has issued reports for two very special laboratory grown polished diamonds, according to a press-release. Herman Brauner, the co-founder and head of the IGI Laboratory, said, “that the two laboratory grown diamonds submitted to IGI are the largest, highest color, flawless man-made diamonds ever seen at the IGI Antwerp laboratory.” Both stones are over
De Beers Announces Auction Sales Programme
Gaborone: The De Beers Group of Companies yesterday announced the 2015 Forward Contract Sales (FCS) programme for its Auction Sales business. As a result of customer feedback, the new programme includes a number of changes from the programme first launched in 2014. In response to customer demand for greater availability of Forward Contracts in the first half of the year
Huw Daniel Appointed CEO of PGI
Mumbai: Huw Daniel has been appointed Global CEO of PGI, after 12 years as President of PGI USA. The announcement was made by the Platinum Jewellery Development Association (PJDA), which represents the major platinum producers (Anglo Platinum, Impala Platinum and Lonmin) and sponsor the PGI. Daniel succeeds long serving CEO James Courage who will retire at the end of April.
Are Diamond Buyers ‘Scared’ of De Beers’ power?
New York: Diamond buyers are allegedly “scared stiff” of De Beers’ power as prices the company demands for rough stones were beyond their reach. Bloomberg quoted Diamonds, Precious Stones and Jewelry Administration director Shmuel Mordechai as saying the money that buyers get for cut gems was failing to keep up with what De Beers was asking. “It (De Beers) dictates
Advanced HPHT for Lab Grown Diamonds
Antwerp: The IGI Laboratory in Antwerp has issued reports for two very special laboratory grown polished diamonds, according to a press-release. Herman Brauner, the co-founder and head of the IGI Laboratory, said, “that the two laboratory grown diamonds submitted to IGI are the largest, highest color, flawless man-made diamonds ever seen at the IGI Antwerp laboratory.” Both stones are over
De Beers Announces Auction Sales Programme
Gaborone: The De Beers Group of Companies yesterday announced the 2015 Forward Contract Sales (FCS) programme for its Auction Sales business. As a result of customer feedback, the new programme includes a number of changes from the programme first launched in 2014. In response to customer demand for greater availability of Forward Contracts in the first half of the year
Huw Daniel Appointed CEO of PGI
Mumbai: Huw Daniel has been appointed Global CEO of PGI, after 12 years as President of PGI USA. The announcement was made by the Platinum Jewellery Development Association (PJDA), which represents the major platinum producers (Anglo Platinum, Impala Platinum and Lonmin) and sponsor the PGI. Daniel succeeds long serving CEO James Courage who will retire at the end of April.
