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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De Beers’ Q3 Production Up by 46%
Gaborone: Anglo American, which today released production figures of its various businesses for the third quarter of 2017, reported that De Beers’ rough diamond production for the period was up 46% over Q3 2016 in carat terms. The increase was “in line with the higher production forecast for 2017, reflecting stable trading conditions as well as the contribution from the
India's Move to Propel Economic Growth
Bengaluru: Government of India’s announcement to infuse INR 2.11 Lakh Crores into Public Sector Banks (PSB) is a credit positive step for the NPA plagued sector, reports Brickwork Ratings. With this Brickwork Ratings expects PSBs credit profile to improve significantly. The agency believes that this step should be monitored by enforcing strict conditions for banks to optimally utilise the allocated
India’s Polished Exports Grew in Sep
Mumbai: India’s polished-diamond exports increased 6% year on year to $2.65 billion in September, according to data released by Gem & Jewellery Export Promotion Council (GJEPC). By volume, exports rose 24% to 3.9 million carats, with the average price down 14% to $677 per carat, the data showed. Polished imports fell 6% to $174 million, meaning net polished exports increased
World Diamond Council’s AGM Concluded
Dubai: The World Diamond Council (WDC), which prevents conflict diamonds from entering the legitimate global supply chain and protecting the value of natural diamonds, concluded its 13th annual meeting last week in Dubai, reports idexonline. The event was hosted by the Dubai Multi Commodities Centre (DMCC) and attendees represented one of the most complete and inclusive group of global diamond
De Beers’ Q3 Production Up by 46%
Gaborone: Anglo American, which today released production figures of its various businesses for the third quarter of 2017, reported that De Beers’ rough diamond production for the period was up 46% over Q3 2016 in carat terms. The increase was “in line with the higher production forecast for 2017, reflecting stable trading conditions as well as the contribution from the
India's Move to Propel Economic Growth
Bengaluru: Government of India’s announcement to infuse INR 2.11 Lakh Crores into Public Sector Banks (PSB) is a credit positive step for the NPA plagued sector, reports Brickwork Ratings. With this Brickwork Ratings expects PSBs credit profile to improve significantly. The agency believes that this step should be monitored by enforcing strict conditions for banks to optimally utilise the allocated
India’s Polished Exports Grew in Sep
Mumbai: India’s polished-diamond exports increased 6% year on year to $2.65 billion in September, according to data released by Gem & Jewellery Export Promotion Council (GJEPC). By volume, exports rose 24% to 3.9 million carats, with the average price down 14% to $677 per carat, the data showed. Polished imports fell 6% to $174 million, meaning net polished exports increased
World Diamond Council’s AGM Concluded
Dubai: The World Diamond Council (WDC), which prevents conflict diamonds from entering the legitimate global supply chain and protecting the value of natural diamonds, concluded its 13th annual meeting last week in Dubai, reports idexonline. The event was hosted by the Dubai Multi Commodities Centre (DMCC) and attendees represented one of the most complete and inclusive group of global diamond
