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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Petra Diamonds 14 Output Crosses Expectations
Johannesburg: Petra Diamonds, which has operations in South Africa and Tanzania, lifted its full-year production by 17 percent to 3.1 million carats in the fiscal year ended 30 June 2014. This was slightly ahead of market expectations of 3 million carats, the company said in a statement emailed to Rough & Polished. Petra said it was on track to mine
India, China Driving Demand Growth for Diamonds
Hong Kong: Surging demand for diamonds in China and India may see the two countries match the size of market in the U.S., the biggest consumer, by 2020, reports Bloomberg. “We will see strong growth in India as soon as the country gets its house in order with the new government,” Jean-Marc Lieberherr, managing director of Rio Tinto Group (RIO)’s
ADB Issue Can Still Be Solved
Antwerp: “There is still room to find a solution, to keep the financing levels of the Antwerp diamond sector at market conform levels.” This is AWDC’s reaction to the news that KBC will proceed with an ‘orderly wind-down’ of the Antwerp Diamond Bank. “As an umbrella organization we have been duly following the developments in this matter,” says Margaux Donckier,
IDW in New York– Unique Diamond Sourcing Opportunity
Ramat Gan: The third edition of the Israel Diamond Week in New York, to be held November 10-13, 2014, is the last-stop-station for diamond buyers toward the holiday season, and, in the words of Reuven Kaufman, President of the Diamond Dealers Club of New York (DDC), “a grand opportunity to stock up on polished diamonds” The event, held on the
Petra Diamonds 14 Output Crosses Expectations
Johannesburg: Petra Diamonds, which has operations in South Africa and Tanzania, lifted its full-year production by 17 percent to 3.1 million carats in the fiscal year ended 30 June 2014. This was slightly ahead of market expectations of 3 million carats, the company said in a statement emailed to Rough & Polished. Petra said it was on track to mine
India, China Driving Demand Growth for Diamonds
Hong Kong: Surging demand for diamonds in China and India may see the two countries match the size of market in the U.S., the biggest consumer, by 2020, reports Bloomberg. “We will see strong growth in India as soon as the country gets its house in order with the new government,” Jean-Marc Lieberherr, managing director of Rio Tinto Group (RIO)’s
ADB Issue Can Still Be Solved
Antwerp: “There is still room to find a solution, to keep the financing levels of the Antwerp diamond sector at market conform levels.” This is AWDC’s reaction to the news that KBC will proceed with an ‘orderly wind-down’ of the Antwerp Diamond Bank. “As an umbrella organization we have been duly following the developments in this matter,” says Margaux Donckier,
IDW in New York– Unique Diamond Sourcing Opportunity
Ramat Gan: The third edition of the Israel Diamond Week in New York, to be held November 10-13, 2014, is the last-stop-station for diamond buyers toward the holiday season, and, in the words of Reuven Kaufman, President of the Diamond Dealers Club of New York (DDC), “a grand opportunity to stock up on polished diamonds” The event, held on the
