Chetan Kumar Mehta Propels Laxmi Diamonds to the Top
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The Selloff Deepens, but Demand is Answering: Are Gold-Silver Nearing a Floor?
Macro Snapshot: Two events defined the week ending June 12. On Monday June 9, White House officials indicated that US-Iran nuclear negotiations were making positive progress; oil prices dropped immediately, with WTI crude falling approximately 4% to $87.61 and Brent losing 3.5% to $90.92. Then on Tuesday June 10, the Bureau of Labor Statistics released the May CPI: headline inflation accelerated to 4.2% year-on-year, the highest reading since April 2023, up from 3.8% in April. The monthly increase was 0.5%,
The Selloff Deepens, but Demand is Answering: Are Gold-Silver Nearing a Floor?
Macro Snapshot: Two events defined the week ending June 12. On Monday June 9, White House officials indicated that US-Iran nuclear negotiations were making positive progress; oil prices dropped immediately, with WTI crude falling approximately 4% to $87.61 and Brent losing 3.5% to $90.92. Then on Tuesday June 10, the Bureau of Labor Statistics released the May CPI: headline inflation accelerated to 4.2% year-on-year, the highest reading since April 2023, up from 3.8% in April. The monthly increase was 0.5%,
Top News
Indian Industry Bids Warm Farewell to Stephen Lussier
Mumbai: De Beers Group Executive Vice President for Brands & Consumer Markets, Stephen Lussier’s contribution to marketing diamonds has been unparalleled and immense. GJEPC along with De Beers celebrated the life and times of the legendary Stephen Lussier, De Beers Group Executive Vice President for Brands & Consumer Markets, who will step down on 1st April, 2022 after a 37-year
GJEPC Postpones IIJS Tritiya
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) announced to voluntarily postpone the IIJS Tritiya 2022, the third IIJS, to March, 2023. The organizer GJEPC said, “Being a responsible body and responding to the pleas from some members and trade associations in India, and in the interest of the Indian jewellery industry, we have taken the decision!” Mr. Colin
WFDB Presidents' Meeting Concluded
Dubai: The World Federation of Diamond Bourses (WFDB) concluded a very successful Presidents’ Meeting at the DMCC in Dubai last week, during which the organization adopted a resolution in support of social responsibility, transparency, compliance and full disclosure. This was also the first time that representatives of the Young Diamantaires were invited to join the Executive Committee meeting and Working
De Beers Recovers from Loss
London: De Beers turned a 2020 loss of $102m into a profit of $345m last year, as the post-Covid recovery continued. The loss in 2020 was the first since 2008. Profit in pre-pandemic 2019 was $45m. Rough production during 2021 increased by 29 per cent year-on-year to 32.3m, said parent company Anglo American in financial results announced. Total revenue increased
Indian Industry Bids Warm Farewell to Stephen Lussier
Mumbai: De Beers Group Executive Vice President for Brands & Consumer Markets, Stephen Lussier’s contribution to marketing diamonds has been unparalleled and immense. GJEPC along with De Beers celebrated the life and times of the legendary Stephen Lussier, De Beers Group Executive Vice President for Brands & Consumer Markets, who will step down on 1st April, 2022 after a 37-year
GJEPC Postpones IIJS Tritiya
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) announced to voluntarily postpone the IIJS Tritiya 2022, the third IIJS, to March, 2023. The organizer GJEPC said, “Being a responsible body and responding to the pleas from some members and trade associations in India, and in the interest of the Indian jewellery industry, we have taken the decision!” Mr. Colin
WFDB Presidents' Meeting Concluded
Dubai: The World Federation of Diamond Bourses (WFDB) concluded a very successful Presidents’ Meeting at the DMCC in Dubai last week, during which the organization adopted a resolution in support of social responsibility, transparency, compliance and full disclosure. This was also the first time that representatives of the Young Diamantaires were invited to join the Executive Committee meeting and Working
De Beers Recovers from Loss
London: De Beers turned a 2020 loss of $102m into a profit of $345m last year, as the post-Covid recovery continued. The loss in 2020 was the first since 2008. Profit in pre-pandemic 2019 was $45m. Rough production during 2021 increased by 29 per cent year-on-year to 32.3m, said parent company Anglo American in financial results announced. Total revenue increased
