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?
Silver Leads the Recovery: Bearish Move Shows First Signs of Exhaustion
Macro Snapshot: The week ending May 1 was dominated by Powell’s final FOMC meeting on April 28-29, which delivered the headline outcome markets expected — a hold at 3.50-3.75% — but with a far more contentious internal split than anticipated. The committee voted 8-4 to hold (some sources reported 11-1, but the dissent count of four is firmer), with Stephen Miran preferring an immediate quarter-point cut and three others — Hammack, Kashkari, Logan — supporting the hold but opposing the
Silver Leads the Recovery: Bearish Move Shows First Signs of Exhaustion
Macro Snapshot: The week ending May 1 was dominated by Powell’s final FOMC meeting on April 28-29, which delivered the headline outcome markets expected — a hold at 3.50-3.75% — but with a far more contentious internal split than anticipated. The committee voted 8-4 to hold (some sources reported 11-1, but the dissent count of four is firmer), with Stephen Miran preferring an immediate quarter-point cut and three others — Hammack, Kashkari, Logan — supporting the hold but opposing the
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Post-scam, RBI Stops Issue of LoUs
Mumbai: In a remedial action to the Nirav-Modi led Punjab National Bank fraud, now worth Rs 13,640 crore, the Reserve Bank of India (RBI) has discontinued use of LoUs or Letters of Undertaking and Letters of Comfort as trade credits. “On a review of the extant guidelines, it has been decided to discontinue the practice of issuance of LoUs/ LoCs
910ct. Lesotho Diamond Sold for $40M
Antwerp: Gem Diamonds has sold the Lesotho Legend, the 910-carat stone it unearthed at its Letšeng mine in January, for $40 million, the company said Tuesday. The miner claims the D color, type IIa stone — which it sold at tender in Antwerp to Samir Gems — is the fifth-largest gem-quality diamond ever recovered. “We are delighted with the outcome
SBI to Tighten G&J Sector’s Borrowing Norms
Mumbai: State Bank of India, India’s largest lender, is tightening the noose around borrowers in the gems and jewellery sector by telling them to either bring in more collaterals to back the existing borrowings or reduce the size of it in a time-bound manner, reports The Economic Times. The decision was driven by the board which directed the management to
GJEPC Opens CFC at Amreli
Amreli (Gujarat, India): Gem & Jewellery Export Promotion Council (GJEPC), the apex body of Indian Gem & Jewellery Industry has established its third Common Facility Centre(CFC) also locally known as ‘Ratna Abhushan Suvidha Kendra’ at Amreli in Gujarat yesterday. Mr. Suresh Prabhu, Union Minister of Commerce & Industry inaugurated the CFC in the presence of Mr. Naran Kachhadia, MP, Lok
Post-scam, RBI Stops Issue of LoUs
Mumbai: In a remedial action to the Nirav-Modi led Punjab National Bank fraud, now worth Rs 13,640 crore, the Reserve Bank of India (RBI) has discontinued use of LoUs or Letters of Undertaking and Letters of Comfort as trade credits. “On a review of the extant guidelines, it has been decided to discontinue the practice of issuance of LoUs/ LoCs
910ct. Lesotho Diamond Sold for $40M
Antwerp: Gem Diamonds has sold the Lesotho Legend, the 910-carat stone it unearthed at its Letšeng mine in January, for $40 million, the company said Tuesday. The miner claims the D color, type IIa stone — which it sold at tender in Antwerp to Samir Gems — is the fifth-largest gem-quality diamond ever recovered. “We are delighted with the outcome
SBI to Tighten G&J Sector’s Borrowing Norms
Mumbai: State Bank of India, India’s largest lender, is tightening the noose around borrowers in the gems and jewellery sector by telling them to either bring in more collaterals to back the existing borrowings or reduce the size of it in a time-bound manner, reports The Economic Times. The decision was driven by the board which directed the management to
GJEPC Opens CFC at Amreli
Amreli (Gujarat, India): Gem & Jewellery Export Promotion Council (GJEPC), the apex body of Indian Gem & Jewellery Industry has established its third Common Facility Centre(CFC) also locally known as ‘Ratna Abhushan Suvidha Kendra’ at Amreli in Gujarat yesterday. Mr. Suresh Prabhu, Union Minister of Commerce & Industry inaugurated the CFC in the presence of Mr. Naran Kachhadia, MP, Lok
