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
Diamond Exploration Vessel Launched in Namibia
Walvis Bay: The world’s largest and most advanced diamond exploration and sampling vessel, the mv SS Nujoma, is ready to start exploring for diamond deposits in Namibian waters, following its official inauguration yesterday. The US$157 million (N$2.3 billion) vessel will enable Debmarine Namibia, a 50/50 joint venture between the Government of the Republic of Namibia and De Beers Group, to
De Beers to Shut Dubai Auction Base
Gaborone: De Beers will close its auction-sales office in Dubai due to declining demand from local companies, the miner has announced, according to a report published in Rapaport News. Operations will cease on July 31, meaning De Beers will no longer display rough diamonds there from the year’s sixth sales cycle onward, the company told clients this week in a
Gemfields Achieves Record Ruby Sales at Singapore
London: Gemfields announced 0n Thursday that it achieved record revenues from its latest auction of rough rubies. At the auction, held in Singapore, the company sold $54.8 million worth of rubies, a record high for any Gemfields auction and a 24% increase in revenue from the previous record. Of the 83 lots offered, 78 were sold with an average realized
9th ADTF to be Held from January 28-30, 2018
Antwerp: The ninth edition of BrilliANT – the Antwerp Diamond Trade Fair will be of the highlights of Antwerp’s Diamond Year 2017-2018. BrilliAnt has become the world’s exclusive B2B diamond buying trade show on the annual calendar of the international gem and jewellery trade shows. From October 2017 to February 2018, the City of Antwerp will be celebrating its Diamond
Diamond Exploration Vessel Launched in Namibia
Walvis Bay: The world’s largest and most advanced diamond exploration and sampling vessel, the mv SS Nujoma, is ready to start exploring for diamond deposits in Namibian waters, following its official inauguration yesterday. The US$157 million (N$2.3 billion) vessel will enable Debmarine Namibia, a 50/50 joint venture between the Government of the Republic of Namibia and De Beers Group, to
De Beers to Shut Dubai Auction Base
Gaborone: De Beers will close its auction-sales office in Dubai due to declining demand from local companies, the miner has announced, according to a report published in Rapaport News. Operations will cease on July 31, meaning De Beers will no longer display rough diamonds there from the year’s sixth sales cycle onward, the company told clients this week in a
Gemfields Achieves Record Ruby Sales at Singapore
London: Gemfields announced 0n Thursday that it achieved record revenues from its latest auction of rough rubies. At the auction, held in Singapore, the company sold $54.8 million worth of rubies, a record high for any Gemfields auction and a 24% increase in revenue from the previous record. Of the 83 lots offered, 78 were sold with an average realized
9th ADTF to be Held from January 28-30, 2018
Antwerp: The ninth edition of BrilliANT – the Antwerp Diamond Trade Fair will be of the highlights of Antwerp’s Diamond Year 2017-2018. BrilliAnt has become the world’s exclusive B2B diamond buying trade show on the annual calendar of the international gem and jewellery trade shows. From October 2017 to February 2018, the City of Antwerp will be celebrating its Diamond
