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
Signature IIJS Inaugurated By Arunkumar Mehta
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) presented the trade with two wonderful opportunities to commence the Year’s buying season with the 11th edition of Signature IIJS and the 5th edition of India Gem & Jewellery Machinery Expo (IGJME). Mr. Arunkumar Mehta (Chairman, Rosy Blue (India) Pvt. Ltd. & B. Arunkumar & Co.) inaugurated Signature IIJS 2018 in the
Namdeb Seeks Buyer for Elizabeth Bay Mine
Windhoek: Namdeb Holdings, a 50/50 joint venture between the Government of the Republic of Namibia and De Beers Group, yesterday announced it is to seek a buyer for its Elizabeth Bay mine to secure its long-term future. The mine was commissioned in 1991 and is located along the South Western coast of Namibia near the town Lüderitz. It employs around
More Chinese than Americans to Buy Diamonds
Beijing: More Chinese consumers are expected to buy diamond jewellery in the future compared to their American counterparts, according to a recent research. Russian mining giant Alrosa and research firm GfK surveyed more than 4,000 respondents from the US and China in 2017. The participants, aged 25 to 55 years with average or above average income who bought or received
Will Diamond Prices Slump 10% in 2018?
Mumbai: Diamonds are set to slump further, according to a hedge fund whose bet on marijuana made it the world’s best performer in 2016. Prices of the precious gem may slump as much as 10 per cent this year as it loses appeal with younger consumers and faces challenges from synthetic alternatives, said Singapore-based Ben Cleary, who co-manages the $500
Signature IIJS Inaugurated By Arunkumar Mehta
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) presented the trade with two wonderful opportunities to commence the Year’s buying season with the 11th edition of Signature IIJS and the 5th edition of India Gem & Jewellery Machinery Expo (IGJME). Mr. Arunkumar Mehta (Chairman, Rosy Blue (India) Pvt. Ltd. & B. Arunkumar & Co.) inaugurated Signature IIJS 2018 in the
Namdeb Seeks Buyer for Elizabeth Bay Mine
Windhoek: Namdeb Holdings, a 50/50 joint venture between the Government of the Republic of Namibia and De Beers Group, yesterday announced it is to seek a buyer for its Elizabeth Bay mine to secure its long-term future. The mine was commissioned in 1991 and is located along the South Western coast of Namibia near the town Lüderitz. It employs around
More Chinese than Americans to Buy Diamonds
Beijing: More Chinese consumers are expected to buy diamond jewellery in the future compared to their American counterparts, according to a recent research. Russian mining giant Alrosa and research firm GfK surveyed more than 4,000 respondents from the US and China in 2017. The participants, aged 25 to 55 years with average or above average income who bought or received
Will Diamond Prices Slump 10% in 2018?
Mumbai: Diamonds are set to slump further, according to a hedge fund whose bet on marijuana made it the world’s best performer in 2016. Prices of the precious gem may slump as much as 10 per cent this year as it loses appeal with younger consumers and faces challenges from synthetic alternatives, said Singapore-based Ben Cleary, who co-manages the $500
