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
Two Indian Companies in Financial Problem
Mumbai: The Mumbai and Antwerp diamond sectors are reportedly on tenterhooks after two leading Indian companies announced financial problems. Manufacturer and exporter Ankur Diamonds has filed for bankruptcy in a Belgian court after the owners were unable to repay bank loans last week, according to The Times of India. Meanwhile, Interjewels Pvt Ltd owes substantial amounts to banks and private
India Bans Gold Imports from S. Korea
New Delhi: After a surge in import of gold from South Korea, the Directorate General of Foreign Trade (DGFT) in the commerce ministry on Friday banned duty free imports of the yellow metal from the country. Under the India-South Korea free trade agreement that came into force in 2010, India has allowed duty free import of gold and silver items.
Opportunity to Create Demand For Platinum
Johannesburg: The South African platinum industry has been investing in platinum jewellery for more than 45 years through the Platinum Guild International (PGI), which has turned platinum jewellery into an amazing South African asset, reports Mining Weekly Online. Of all the platinum demand levers, platinum in jewellery is the one that can be activated the quickest and the most directly,
IDE Pres. Praises Sale of R2Net to Signet
Ramat Gan, Israel, August 25, 2017: Israel Diamond Exchange (IDE) President Yoram Dvash praised the impending sale of R2Net, owner of online jewellery retailer James Allen, to Signet Jewellers. R2Net has important ties to the Israeli Diamond Industry. Originally founded by Israeli diamond trader Oded Edelman as a trading network for diamonds, it has become under the brands James Allen
Two Indian Companies in Financial Problem
Mumbai: The Mumbai and Antwerp diamond sectors are reportedly on tenterhooks after two leading Indian companies announced financial problems. Manufacturer and exporter Ankur Diamonds has filed for bankruptcy in a Belgian court after the owners were unable to repay bank loans last week, according to The Times of India. Meanwhile, Interjewels Pvt Ltd owes substantial amounts to banks and private
India Bans Gold Imports from S. Korea
New Delhi: After a surge in import of gold from South Korea, the Directorate General of Foreign Trade (DGFT) in the commerce ministry on Friday banned duty free imports of the yellow metal from the country. Under the India-South Korea free trade agreement that came into force in 2010, India has allowed duty free import of gold and silver items.
Opportunity to Create Demand For Platinum
Johannesburg: The South African platinum industry has been investing in platinum jewellery for more than 45 years through the Platinum Guild International (PGI), which has turned platinum jewellery into an amazing South African asset, reports Mining Weekly Online. Of all the platinum demand levers, platinum in jewellery is the one that can be activated the quickest and the most directly,
IDE Pres. Praises Sale of R2Net to Signet
Ramat Gan, Israel, August 25, 2017: Israel Diamond Exchange (IDE) President Yoram Dvash praised the impending sale of R2Net, owner of online jewellery retailer James Allen, to Signet Jewellers. R2Net has important ties to the Israeli Diamond Industry. Originally founded by Israeli diamond trader Oded Edelman as a trading network for diamonds, it has become under the brands James Allen
