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
Top News
ALROSA Has Formed List of Long-Term Clients
Moscow: ALROSA has formed a long-term client list for the new contract period of 2018-2020. The company’s long-term clients will take part in the first trading session on January 15 to 19 in the coming year. The complete list of clients will be published on ALROSA’s trading website. Long-term contracts are the mainstay of the marketing policy pursued by ALROSA,
WGC Forecast for Gold Performance in 2018
London: In a recent piece titled ‘What to Expect for Gold in 2018’, John Reade, Chief Market Strategist for the World Gold Council (WGC), analyses market drivers for gold in the coming year. Financial Market Drivers in 2018: According to Reade, “monetary policy – and policymakers – will continue to be significant drivers of gold demand”. He explains that the
5% VAT in UAE to Hurt India’s Exports: GJEPC
Mumbai: Starting January 1, the UAE (United Arab Emirates) will impose a 5% VAT on most goods and services, including rough and polished diamonds and gold. Now, Praveen Shankar Pandya, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) says that the tax will hurt gold jewelry exports from India as the UAE is one of the major buyers
Nilesh Sheth is New President of IDCA
The Board of Directors of the Indian Diamond and Colorstone Association (IDCA) is pleased to announce Nilesh Sheth of Nice Diamonds was elected as the new President of Association and Shailesh Jhalani of Prompt Gem Importers Inc. was elected for the Vice-President’s role at their meeting held on December 11. Joining the IDCA Board’s Executive Committee are Shrenil Bhansali of
ALROSA Has Formed List of Long-Term Clients
Moscow: ALROSA has formed a long-term client list for the new contract period of 2018-2020. The company’s long-term clients will take part in the first trading session on January 15 to 19 in the coming year. The complete list of clients will be published on ALROSA’s trading website. Long-term contracts are the mainstay of the marketing policy pursued by ALROSA,
WGC Forecast for Gold Performance in 2018
London: In a recent piece titled ‘What to Expect for Gold in 2018’, John Reade, Chief Market Strategist for the World Gold Council (WGC), analyses market drivers for gold in the coming year. Financial Market Drivers in 2018: According to Reade, “monetary policy – and policymakers – will continue to be significant drivers of gold demand”. He explains that the
5% VAT in UAE to Hurt India’s Exports: GJEPC
Mumbai: Starting January 1, the UAE (United Arab Emirates) will impose a 5% VAT on most goods and services, including rough and polished diamonds and gold. Now, Praveen Shankar Pandya, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) says that the tax will hurt gold jewelry exports from India as the UAE is one of the major buyers
Nilesh Sheth is New President of IDCA
The Board of Directors of the Indian Diamond and Colorstone Association (IDCA) is pleased to announce Nilesh Sheth of Nice Diamonds was elected as the new President of Association and Shailesh Jhalani of Prompt Gem Importers Inc. was elected for the Vice-President’s role at their meeting held on December 11. Joining the IDCA Board’s Executive Committee are Shrenil Bhansali of
