Chetan Kumar Mehta Propels Laxmi Diamonds to the Top
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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
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
UN Expresses Satisfaction with Progress by KP
New York: The General Assembly of the United Nations (UN), welcoming progress made by the Kimberley Process Certification Scheme (KP) to break links between the diamond trade and conflict, today adopted a consensus resolution aimed at intensifying that work and aligning it with the 2030 Agenda for Sustainable Development. Julie Bishop, Minister for Foreign Affairs of Australia, introduced the draft
CARAT+ Welcomes AWDC as Main Partner
Antwerp: CARAT+, The World’s Premier Diamond Event to be organized on 6, 7 & 8 May 2018 at Antwerp Expo in Antwerp, Belgium, has welcomed the Antwerp World Diamond Centre (AWDC) as its Main Partner for the 2018 edition. United by a shared commitment to Antwerp as the ‘Diamond Capital of the World’, AWDC will host a series of unique
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
UN Expresses Satisfaction with Progress by KP
New York: The General Assembly of the United Nations (UN), welcoming progress made by the Kimberley Process Certification Scheme (KP) to break links between the diamond trade and conflict, today adopted a consensus resolution aimed at intensifying that work and aligning it with the 2030 Agenda for Sustainable Development. Julie Bishop, Minister for Foreign Affairs of Australia, introduced the draft
CARAT+ Welcomes AWDC as Main Partner
Antwerp: CARAT+, The World’s Premier Diamond Event to be organized on 6, 7 & 8 May 2018 at Antwerp Expo in Antwerp, Belgium, has welcomed the Antwerp World Diamond Centre (AWDC) as its Main Partner for the 2018 edition. United by a shared commitment to Antwerp as the ‘Diamond Capital of the World’, AWDC will host a series of unique
