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 Held: Now Comes the Test That Decides Whether the Bounce is a Reversal
Macro Snapshot: The week ending July 3 broke a five-week decline for both gold and silver. Gold posted its first weekly gain since late May and silver led the recovery with a much larger move. The trigger was a weaker-than-expected US jobs report, which reset rate-hike expectations and pushed the dollar to its largest weekly decline since April. Layered underneath were two other significant developments: the release of the World Gold Council’s Mid-Year Outlook on Tuesday July 1 (covered in
The 200-Day Held: Now Comes the Test That Decides Whether the Bounce is a Reversal
Macro Snapshot: The week ending July 3 broke a five-week decline for both gold and silver. Gold posted its first weekly gain since late May and silver led the recovery with a much larger move. The trigger was a weaker-than-expected US jobs report, which reset rate-hike expectations and pushed the dollar to its largest weekly decline since April. Layered underneath were two other significant developments: the release of the World Gold Council’s Mid-Year Outlook on Tuesday July 1 (covered in
Top News
De Beers & Diacore Purchase 40ct Blue Diamond
Johannesburg: De Beers Group and Diacore are proud to have partnered for the purchase of an exceptional fancy colour diamond, with the purchase of a 39.34 carat blue diamond from Cullinan Diamond Mine for a total purchase price of $ 40.18 million, split equally between the companies. This follows a similar partnership in November 2020 in which De Beers Group and
Rough Market Thrives with Double Digit Growth
Antwerp: Figures on the trade in Antwerp in the first six months of the year demonstrate the city is back on track of the pre-pandemic upturn seen in the first few months of 2020, outperforming 2019 figures on rough trade with double digit growth. Polished trade, still suffering from the lack of trade shows and the effects of the pandemic in India, shows
Rs. 792 Cr Raised as SBI Sells Shares of Defaulters
Mumbai: A consortium of India’s banks led by the country’s largest lender, State Bank of India (SBI), has realised Rs 792.11 crore after selling shares handed over to it by the Enforcement Directorate (ED), following confiscation to assets of fugitive businessmen Vijay Mallya, Nirav Modi and Mehul Choksi, according to media reports. Mehul Choksi The ED said that till date
G&J Exports Record Staggering 8.46% Growth in Q1
Studded Gold Jewellery Exports record a growth of 69.87% Cut and Polished diamond exports register a growth of 26.45% Mumbai: India’s gems and jewellery (G&J) exports is back to the pre-covid levels. The overall gross exports of G&J witnessed a growth of 8.46% to Rs. 67265.66 Crore (3% to US$ 9.18 billion) during April – June 2021 as compared to Rs. 62018.48 Crore
De Beers & Diacore Purchase 40ct Blue Diamond
Johannesburg: De Beers Group and Diacore are proud to have partnered for the purchase of an exceptional fancy colour diamond, with the purchase of a 39.34 carat blue diamond from Cullinan Diamond Mine for a total purchase price of $ 40.18 million, split equally between the companies. This follows a similar partnership in November 2020 in which De Beers Group and
Rough Market Thrives with Double Digit Growth
Antwerp: Figures on the trade in Antwerp in the first six months of the year demonstrate the city is back on track of the pre-pandemic upturn seen in the first few months of 2020, outperforming 2019 figures on rough trade with double digit growth. Polished trade, still suffering from the lack of trade shows and the effects of the pandemic in India, shows
Rs. 792 Cr Raised as SBI Sells Shares of Defaulters
Mumbai: A consortium of India’s banks led by the country’s largest lender, State Bank of India (SBI), has realised Rs 792.11 crore after selling shares handed over to it by the Enforcement Directorate (ED), following confiscation to assets of fugitive businessmen Vijay Mallya, Nirav Modi and Mehul Choksi, according to media reports. Mehul Choksi The ED said that till date
G&J Exports Record Staggering 8.46% Growth in Q1
Studded Gold Jewellery Exports record a growth of 69.87% Cut and Polished diamond exports register a growth of 26.45% Mumbai: India’s gems and jewellery (G&J) exports is back to the pre-covid levels. The overall gross exports of G&J witnessed a growth of 8.46% to Rs. 67265.66 Crore (3% to US$ 9.18 billion) during April – June 2021 as compared to Rs. 62018.48 Crore
