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
Nimesh Patel Resigns from De Beers Group
Gaborone: De Beers Group today announced that Nimesh Patel, Chief Financial Officer, will leave the business to join Spirax-Sarco Engineering plc as their new Chief Financial Officer and Executive Director before the end of July. Nimesh joined Anglo American in 2012 as Group Head of Corporate Finance before moving to De Beers Group in 2016 as Chief Financial Officer, joining
GJEPC Donates Rs. 21 Crore to PM-CARES Fund
Mumbai: India’s Gem & Jewellery Export Promotion Council has (GJEPC) decided to contribute Rs. 21 crore to the PM-CARES Fund on behalf of the gem & jewellery trade in India, while pledging its commitment to the welfare of the nation. Announcing the decision of the apex trade body, Pramod Kumar Agrawal, Chairman GJEPC said, “Nation is facing an unprecedented crisis
DMCC Unveils Business Support Package
Dubai: The Dubai Multi-Commodities Centre (DMCC) has announced the roll-out of a special Business Support Package, including discounts and waivers, for both existing and new members, applicable from April 1, 2020. The package is in line with UAE and Dubai Government initiatives to support the national economy and private sector and will help companies navigate the current economic environment, the
GJEPC Appreciates Latest Relaxations by the Govt.
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) appreciates notifications from the Government of India and the Reserve Bank of India (RBI) which would provide much relief to the country’s export sector during the current pandemic. The first of these relates to a recent announcement made by the Ministry of Commerce & Industry regarding “Relaxations provided on compliances to
Nimesh Patel Resigns from De Beers Group
Gaborone: De Beers Group today announced that Nimesh Patel, Chief Financial Officer, will leave the business to join Spirax-Sarco Engineering plc as their new Chief Financial Officer and Executive Director before the end of July. Nimesh joined Anglo American in 2012 as Group Head of Corporate Finance before moving to De Beers Group in 2016 as Chief Financial Officer, joining
GJEPC Donates Rs. 21 Crore to PM-CARES Fund
Mumbai: India’s Gem & Jewellery Export Promotion Council has (GJEPC) decided to contribute Rs. 21 crore to the PM-CARES Fund on behalf of the gem & jewellery trade in India, while pledging its commitment to the welfare of the nation. Announcing the decision of the apex trade body, Pramod Kumar Agrawal, Chairman GJEPC said, “Nation is facing an unprecedented crisis
DMCC Unveils Business Support Package
Dubai: The Dubai Multi-Commodities Centre (DMCC) has announced the roll-out of a special Business Support Package, including discounts and waivers, for both existing and new members, applicable from April 1, 2020. The package is in line with UAE and Dubai Government initiatives to support the national economy and private sector and will help companies navigate the current economic environment, the
GJEPC Appreciates Latest Relaxations by the Govt.
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) appreciates notifications from the Government of India and the Reserve Bank of India (RBI) which would provide much relief to the country’s export sector during the current pandemic. The first of these relates to a recent announcement made by the Ministry of Commerce & Industry regarding “Relaxations provided on compliances to
