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 200-Day Test: Where the Bull Case for Gold and Silver Goes on Trial
Macro Snapshot: The week ending June 26 extended the precious metals selloff to a fifth consecutive week and pushed both gold and silver into the most important long-term technical zone of the broader uptrend: the 200-day exponential moving average. Three macro forces drove the decline, and they did so simultaneously. First, the US-Iran 60-day peace roadmap, formally signed in Switzerland on June 17, continued to remove the geopolitical risk premium that had supported the metals since the February conflict began.
The 200-Day Test: Where the Bull Case for Gold and Silver Goes on Trial
Macro Snapshot: The week ending June 26 extended the precious metals selloff to a fifth consecutive week and pushed both gold and silver into the most important long-term technical zone of the broader uptrend: the 200-day exponential moving average. Three macro forces drove the decline, and they did so simultaneously. First, the US-Iran 60-day peace roadmap, formally signed in Switzerland on June 17, continued to remove the geopolitical risk premium that had supported the metals since the February conflict began.
Top News
Alrosa Affected by US Sanctions
Washington: Diamond mining company Alrosa is among the institutions hit with U.S. sanctions following Russia’s invasion of Ukraine. The sanctions “target the core infrastructure of the Russian financial system — including all of Russia’s largest financial institutions and the ability of state-owned and private entities to raise capital — and further bar Russia from the global financial system,” according to
ALROSA Exits from NDC and RJC
Mumbai: The Board of Directors of the Natural Diamond Council (NDC) has received ALROSA’s decision to suspend its membership. In suspending its membership, ALROSA has stepped down from the Board and will cease all financial contributions. In a statement the NDC said, “NDC is global organization whose members’ operations span six continents and more than a dozen countries including Canada,
PGI Reports 40% Growth in Jewellery Sales
Mumbai: Platinum Guild International (PGI) India witnessed a strong fourth quarter – October – December 2021, for platinum jewellery purchases post the second wave of the pandemic, according to the Platinum Jewellery Business Review Q4 2021. The key strategic retailers saw a robust growth of 35-40% in sales volume as compared to Q4 2020, based on the data announced by
JGT Marks Dubai Debut as Premier Sourcing Event
Dubai: Jewellery, Gem & Technology Dubai (JGT Dubai) has hit its stride as one of the industry’s top B2B sourcing destinations following its three-day run at the Dubai World Trade Centre (DWTC), show organisers Informa Markets Jewellery and Italian Exhibition Group (IEG) announced. The inaugural edition was held from 22 to 24 February. Fuelled by the excitement of in-person product
Alrosa Affected by US Sanctions
Washington: Diamond mining company Alrosa is among the institutions hit with U.S. sanctions following Russia’s invasion of Ukraine. The sanctions “target the core infrastructure of the Russian financial system — including all of Russia’s largest financial institutions and the ability of state-owned and private entities to raise capital — and further bar Russia from the global financial system,” according to
ALROSA Exits from NDC and RJC
Mumbai: The Board of Directors of the Natural Diamond Council (NDC) has received ALROSA’s decision to suspend its membership. In suspending its membership, ALROSA has stepped down from the Board and will cease all financial contributions. In a statement the NDC said, “NDC is global organization whose members’ operations span six continents and more than a dozen countries including Canada,
PGI Reports 40% Growth in Jewellery Sales
Mumbai: Platinum Guild International (PGI) India witnessed a strong fourth quarter – October – December 2021, for platinum jewellery purchases post the second wave of the pandemic, according to the Platinum Jewellery Business Review Q4 2021. The key strategic retailers saw a robust growth of 35-40% in sales volume as compared to Q4 2020, based on the data announced by
JGT Marks Dubai Debut as Premier Sourcing Event
Dubai: Jewellery, Gem & Technology Dubai (JGT Dubai) has hit its stride as one of the industry’s top B2B sourcing destinations following its three-day run at the Dubai World Trade Centre (DWTC), show organisers Informa Markets Jewellery and Italian Exhibition Group (IEG) announced. The inaugural edition was held from 22 to 24 February. Fuelled by the excitement of in-person product
