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
Endiama, Alrosa Mull New Investments in Angola
Luanda: Angola’s state diamond company, Empresa Nacional de Diamantes (ENDIAMA) and Russian diamond giant Alrosa are assessing the possibility of studies for additional investments in the exploration of kimberlites in the southern African country. Angop reports that this was revealed by ENDIAMA chairperson Carlos Sambula and Alrosa president Sergey Ivanov following their meeting Tuesday with the country’s vice president, Manuel
Gahcho Kué Disappoints with Low Prices
Toronto: A large proportion of fluorescent diamonds and the negative impact of India’s liquidity crisis dampened prices at the initial sales of rough from Canada’s new Gahcho Kué mine, Mountain Province Diamonds reported. The miner sold 522,000 carats for $37.7 million — an average price of $72 per carat — at its opening three tenders in Antwerp during the first
ALROSA Sales Go Down in April
Moscow: Alrosa’s sales fell in April and for the first four months of the year as the Russian miner sold a larger volume of low-value rough diamonds than it did last year. Rough sales declined to $310.2 million in April, the company reported Wednesday. This represented a 45% slide from a year ago, according to Thursday estimates from VTB Capital.
Reena Ahluwalia Donates Paintings to Benefit JFC
Las Vegas: Noted jewellery designer and artist Reena Ahluwalia has donated two original, museum quality, painting to be auctioned at the Jewelers for Children (JFC) Facets of Hope event in Las Vegas, NV. The paintings, Portal of Empowerment and Radiate Brilliance , show highly nuanced, hyper-realistic diamonds with ultra-magnified facets. Ahluwalia is a multiple award-winning Canadian Jewellery designer, diamond painter
Endiama, Alrosa Mull New Investments in Angola
Luanda: Angola’s state diamond company, Empresa Nacional de Diamantes (ENDIAMA) and Russian diamond giant Alrosa are assessing the possibility of studies for additional investments in the exploration of kimberlites in the southern African country. Angop reports that this was revealed by ENDIAMA chairperson Carlos Sambula and Alrosa president Sergey Ivanov following their meeting Tuesday with the country’s vice president, Manuel
Gahcho Kué Disappoints with Low Prices
Toronto: A large proportion of fluorescent diamonds and the negative impact of India’s liquidity crisis dampened prices at the initial sales of rough from Canada’s new Gahcho Kué mine, Mountain Province Diamonds reported. The miner sold 522,000 carats for $37.7 million — an average price of $72 per carat — at its opening three tenders in Antwerp during the first
ALROSA Sales Go Down in April
Moscow: Alrosa’s sales fell in April and for the first four months of the year as the Russian miner sold a larger volume of low-value rough diamonds than it did last year. Rough sales declined to $310.2 million in April, the company reported Wednesday. This represented a 45% slide from a year ago, according to Thursday estimates from VTB Capital.
Reena Ahluwalia Donates Paintings to Benefit JFC
Las Vegas: Noted jewellery designer and artist Reena Ahluwalia has donated two original, museum quality, painting to be auctioned at the Jewelers for Children (JFC) Facets of Hope event in Las Vegas, NV. The paintings, Portal of Empowerment and Radiate Brilliance , show highly nuanced, hyper-realistic diamonds with ultra-magnified facets. Ahluwalia is a multiple award-winning Canadian Jewellery designer, diamond painter
