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

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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

Read More »

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GJEPC Organizes Colored Gemstones BSM in Panyu

Beijing: The Gem and Jewellery Export Promotion Council, the apex body of gem and jewellery trade in India in association with China Gems Center, is organizing the third edition of China Coloured Gems Buyer-Seller Meet at the Shawan Jewelry Industrial Park at Panyu, Guangzhou of China on 15-16 January 2015. This meet brings together representatives of more than 100 Chinese

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Rio Urges Speedy Clearance for Bunder Project

New Delhi: Sam Walsh, CEO of mining giant Rio Tinto has urged the Indian government to ensure speedy clearance to the Bunder diamond mining project in Madhya Pradesh according to media reports. He was speaking to the press during a recent visit to Delhi. Walsh said that he has had three rounds of discussions with the Indian government during the

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Three Diamond Bourses to Cooperate With IDW

Ramat Gan: Members of three of the world’s leading diamond bourses will find themselves together on the trading floor of the Israel Diamond Exchange at the upcoming International Diamond Week (IDW) in Israel in February. Originally scheduled for past August, the winter edition of the event will gather — for the first time since the Israel Diamond Exchange instituted the

Read More »

Gem-A Take the Party to Tucson

London: The Gemmological Association of Great Britain (Gem-A) has announced its upcoming plans for the Tucson Gem, Mineral and Fossil Showcase from the 1 – 15 February. Over the course of the two week showcase Gem-A plans to introduce jewellers, gemmologists and mineralogists to their range of professional educational courses, membership services, instruments and publications through a number of exhibitions,

Read More »

GJEPC Organizes Colored Gemstones BSM in Panyu

Beijing: The Gem and Jewellery Export Promotion Council, the apex body of gem and jewellery trade in India in association with China Gems Center, is organizing the third edition of China Coloured Gems Buyer-Seller Meet at the Shawan Jewelry Industrial Park at Panyu, Guangzhou of China on 15-16 January 2015. This meet brings together representatives of more than 100 Chinese

Read More »

Rio Urges Speedy Clearance for Bunder Project

New Delhi: Sam Walsh, CEO of mining giant Rio Tinto has urged the Indian government to ensure speedy clearance to the Bunder diamond mining project in Madhya Pradesh according to media reports. He was speaking to the press during a recent visit to Delhi. Walsh said that he has had three rounds of discussions with the Indian government during the

Read More »

Three Diamond Bourses to Cooperate With IDW

Ramat Gan: Members of three of the world’s leading diamond bourses will find themselves together on the trading floor of the Israel Diamond Exchange at the upcoming International Diamond Week (IDW) in Israel in February. Originally scheduled for past August, the winter edition of the event will gather — for the first time since the Israel Diamond Exchange instituted the

Read More »

Gem-A Take the Party to Tucson

London: The Gemmological Association of Great Britain (Gem-A) has announced its upcoming plans for the Tucson Gem, Mineral and Fossil Showcase from the 1 – 15 February. Over the course of the two week showcase Gem-A plans to introduce jewellers, gemmologists and mineralogists to their range of professional educational courses, membership services, instruments and publications through a number of exhibitions,

Read More »

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