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
Gemfields Achieves Record Ruby Auction Results
London: Gemfields has announced the results of an auction of rough rubies held in Singapore from 5 – 9 June 2018. The rough rubies were extracted from the licence held and operated by Montepuez Ruby Mining Limitada (“MRM”), which is 75% owned by Gemfields and 25% by local partner Mwiriti Limitada. Highlights – Ruby Auction: Auction revenues of USD 71.8
China Cuts Import Tariffs on 18 Jewellery Categories
Beijing: China will be slashing import taxes on jewellery, as part of tariff reductions on a wide range of consumer goods, as of July 1. The Customs Tariff Commission of the State Council in China issued the “Notice on Reducing the Import Tariffs of Daily Consumer Goods” last week. According to the notice, China will cut Most Favored Nation (MFN)
Zimbabwe will not Recover Missing Diamonds Revenue
Harare: The Mines Parliamentary Portfolio Committee on Thursday ruled that it would be difficult for Zimbabwe to recover its missing diamond revenues from some of the people implicated in the scam, reports NewsDay. The committee told Parliament’s last sitting on Thursday that it was now clear that the country would not recover its $15 billion missing diamonds revenue after former
Tanishq Claims to be the Best for Exchange
Mumbai: Tanishq was the first jeweller in the country to spot the evolving needs of the new Indian jewellery buyer – where the ask was to make gold jewellery more contemporary, design-led and more light where she could wear it every day, not just confining to key occasions. Why upgrade? The unorganised jewellery market in India is 90% and there
Gemfields Achieves Record Ruby Auction Results
London: Gemfields has announced the results of an auction of rough rubies held in Singapore from 5 – 9 June 2018. The rough rubies were extracted from the licence held and operated by Montepuez Ruby Mining Limitada (“MRM”), which is 75% owned by Gemfields and 25% by local partner Mwiriti Limitada. Highlights – Ruby Auction: Auction revenues of USD 71.8
China Cuts Import Tariffs on 18 Jewellery Categories
Beijing: China will be slashing import taxes on jewellery, as part of tariff reductions on a wide range of consumer goods, as of July 1. The Customs Tariff Commission of the State Council in China issued the “Notice on Reducing the Import Tariffs of Daily Consumer Goods” last week. According to the notice, China will cut Most Favored Nation (MFN)
Zimbabwe will not Recover Missing Diamonds Revenue
Harare: The Mines Parliamentary Portfolio Committee on Thursday ruled that it would be difficult for Zimbabwe to recover its missing diamond revenues from some of the people implicated in the scam, reports NewsDay. The committee told Parliament’s last sitting on Thursday that it was now clear that the country would not recover its $15 billion missing diamonds revenue after former
Tanishq Claims to be the Best for Exchange
Mumbai: Tanishq was the first jeweller in the country to spot the evolving needs of the new Indian jewellery buyer – where the ask was to make gold jewellery more contemporary, design-led and more light where she could wear it every day, not just confining to key occasions. Why upgrade? The unorganised jewellery market in India is 90% and there
