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?
The Tariff Lag Effect: Why MCX Prices are Still Below
The week ending May 22 was the digestion week. After the policy shock of the previous week (the steepest gold import duty hike on record, a record-low rupee, and a tightening of the Advance Authorisation scheme), price action paused. MCX gold gained just 0.1%, silver was essentially flat. COMEX gold and silver both declined modestly, by 0.8% and 1.7% respectively. The week’s headline numbers reveal almost nothing about what is actually happening in the Indian gold market right now. The
The Tariff Lag Effect: Why MCX Prices are Still Below
The week ending May 22 was the digestion week. After the policy shock of the previous week (the steepest gold import duty hike on record, a record-low rupee, and a tightening of the Advance Authorisation scheme), price action paused. MCX gold gained just 0.1%, silver was essentially flat. COMEX gold and silver both declined modestly, by 0.8% and 1.7% respectively. The week’s headline numbers reveal almost nothing about what is actually happening in the Indian gold market right now. The
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Israel Diamond Week in New York Successful
New York: At the outset of the fourth day of the Israel Diamond Week in New York, both the Israeli and the American diamantaires participating in the event at the Diamond Dealers Club (DDC) in New York City were in complete agreement: the third edition of the Israel Diamond Week in New York is a great success. David Lasher, the
Pigeon Blood Ruby Sold for Record $8.6M
London: The 8.62-carat cushion-shaped ‘Graff Ruby’ ring from the Collection of Dimitri Mavrommatis soared beyond pre-sale estimates and set a world auction record for a ruby at $8,600,410, as well as a record price per carat for a ruby at $997,727. The ring was bought by London Laurence Graff at Sotheby’s Geneva sale of Magnificent & Noble Jewels. The gemstone,
Zimbabwe’s Local Auction Oversubscribed
Harare: First Element, which conducted Zimbabwe’s first local diamond tender in Harare last week, said although the stones that were placed under the hammer were few, there was a strong appetite from foreign buyers. Company managing director Johan Erikson told a diamond conference that was convened last week in Harare that about 400 buyers and 133 companies attended the auction.
Antwerp's Diamond Figures Drop Slightly
Antwerp: The Antwerp diamond sector’s trade figures in October decreased slightly compared to the same month last year. Figures show that slightly fewer polished diamonds were traded, but the value of diamonds traded was higher compared to the value of polished diamonds traded in October last year. Rough diamond trade figures also show a decline compared to October 2013, but
Israel Diamond Week in New York Successful
New York: At the outset of the fourth day of the Israel Diamond Week in New York, both the Israeli and the American diamantaires participating in the event at the Diamond Dealers Club (DDC) in New York City were in complete agreement: the third edition of the Israel Diamond Week in New York is a great success. David Lasher, the
Pigeon Blood Ruby Sold for Record $8.6M
London: The 8.62-carat cushion-shaped ‘Graff Ruby’ ring from the Collection of Dimitri Mavrommatis soared beyond pre-sale estimates and set a world auction record for a ruby at $8,600,410, as well as a record price per carat for a ruby at $997,727. The ring was bought by London Laurence Graff at Sotheby’s Geneva sale of Magnificent & Noble Jewels. The gemstone,
Zimbabwe’s Local Auction Oversubscribed
Harare: First Element, which conducted Zimbabwe’s first local diamond tender in Harare last week, said although the stones that were placed under the hammer were few, there was a strong appetite from foreign buyers. Company managing director Johan Erikson told a diamond conference that was convened last week in Harare that about 400 buyers and 133 companies attended the auction.
Antwerp's Diamond Figures Drop Slightly
Antwerp: The Antwerp diamond sector’s trade figures in October decreased slightly compared to the same month last year. Figures show that slightly fewer polished diamonds were traded, but the value of diamonds traded was higher compared to the value of polished diamonds traded in October last year. Rough diamond trade figures also show a decline compared to October 2013, but
