Ceasefire Relief Fuels Recovery from Correction Lows

Metal This Week Last Week Change Gold (MCX) ₹1,52,652 / 10g ₹1,49,680 / 10g +₹2,972 (+2.0%) Silver (MCX) ₹2,43,274 / kg ₹2,32,495 / kg +₹10,779 (+4.6%) Macro Snapshot: Mumbai: Global precious metals got a meaningful tailwind mid-week after the US and Iran announced a two-week ceasefire on April 8, which pulled oil below $100 per barrel and softened the dollar. However, the Islamabad talks over the weekend failed to produce further progress, leaving the ceasefire fragile and the Strait of

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Ceasefire Relief Fuels Recovery from Correction Lows

Metal This Week Last Week Change Gold (MCX) ₹1,52,652 / 10g ₹1,49,680 / 10g +₹2,972 (+2.0%) Silver (MCX) ₹2,43,274 / kg ₹2,32,495 / kg +₹10,779 (+4.6%) Macro Snapshot: Mumbai: Global precious metals got a meaningful tailwind mid-week after the US and Iran announced a two-week ceasefire on April 8, which pulled oil below $100 per barrel and softened the dollar. However, the Islamabad talks over the weekend failed to produce further progress, leaving the ceasefire fragile and the Strait of

Read More »

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HRD Antwerp Adjusting Parameters of Cut Grade

Antwerp: HRD Antwerp is to adjust the proportion parameters of its Cut Grade, with changes taking place as of July 14. The Belgian lab said it is making the move “in order to be more compliant with the market standard, while maintaining the highest-quality grading standards that HRD Antwerp is known for”. “The HRD Antwerp Cut Grade is based on

Read More »

Gold, Diamond Deposits Traced in Odisha

Bhubaneswar: Geological survey has revealed deposits of a variety of gem stones, gold and diamond in Boudh district in India’s Odisha state, Steel and Mines minister Prafulla Kumar Mallick informed in the State Assembly here on Friday, according to a report published in Odisha Sun Times. Replying to a question by Mahidhara Rana, he said as informed by the Steel

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Diamonds worth Crores Stuck in US Labs

Mumbai: An unprecedented delay by US-based Gemological Institute of America (GIA) in certifying of polished diamonds is worrying diamantaires in Surat and Mumbai, who are now facing liquidity problems due to shortage of gems to sell in the market, reports The Times of India. The diamond sized below one carat (the most popular category) that are sent to Carlsbard and

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GIA Team Uncovers Gemstone Treasures in Brazil

Brasilia: Field researchers from the Gemological Institute of America (GIA) journeyed to gemstone mining areas in Brazil from March 31 to April 17 this year, gathering information on the current state of coloured stone mines in the region. Focusing specifically on emerald and tourmaline, the research team had the opportunity to visited Minas Gerais, Rio Grande do Norte and Paraiba

Read More »

HRD Antwerp Adjusting Parameters of Cut Grade

Antwerp: HRD Antwerp is to adjust the proportion parameters of its Cut Grade, with changes taking place as of July 14. The Belgian lab said it is making the move “in order to be more compliant with the market standard, while maintaining the highest-quality grading standards that HRD Antwerp is known for”. “The HRD Antwerp Cut Grade is based on

Read More »

Gold, Diamond Deposits Traced in Odisha

Bhubaneswar: Geological survey has revealed deposits of a variety of gem stones, gold and diamond in Boudh district in India’s Odisha state, Steel and Mines minister Prafulla Kumar Mallick informed in the State Assembly here on Friday, according to a report published in Odisha Sun Times. Replying to a question by Mahidhara Rana, he said as informed by the Steel

Read More »

Diamonds worth Crores Stuck in US Labs

Mumbai: An unprecedented delay by US-based Gemological Institute of America (GIA) in certifying of polished diamonds is worrying diamantaires in Surat and Mumbai, who are now facing liquidity problems due to shortage of gems to sell in the market, reports The Times of India. The diamond sized below one carat (the most popular category) that are sent to Carlsbard and

Read More »

GIA Team Uncovers Gemstone Treasures in Brazil

Brasilia: Field researchers from the Gemological Institute of America (GIA) journeyed to gemstone mining areas in Brazil from March 31 to April 17 this year, gathering information on the current state of coloured stone mines in the region. Focusing specifically on emerald and tourmaline, the research team had the opportunity to visited Minas Gerais, Rio Grande do Norte and Paraiba

Read More »

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