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
ALROSA Unearths 60.32 Carat Diamond
Moscow: ALROSA said on Friday it had extracted a large diamond weighing 60.32 carats, which is priced by experts at about $ 174 500. The diamond, which is a transparent octahedron-shaped stone with a yellowish hue, was extracted at the Gornoye alluvial diamond field with a dredge of Concentrating Plant No. 3 belonging to the company’s Mirny Mining Division. This
Forevermark Inscribes Two Millionth Diamond
London: De Beers Group today announced its Forevermark diamond brand has inscribed its two millionth diamond. The diamond is a 3.48 carat round brilliant and bears the unique inscription of ‘2,000,000’. The diamond was mined, cut and polished in Namibia and inscribed at the Forevermark Diamond Institute in Surat, India. It will be set in a piece of jewellery at
China Records Sustained Growth in Jewellery Sales
Beijing: Retail sales of gold, silver and jewellery in China were up 7.8 percent in the first four months of the year, indicating further signs of improvement in the market, according to data released by the National Bureau of Statistics of China. Sales rose to around $15 bn from January to April compared to the same period a year ago.
Rockwell Subsidiaries Survive Liquidation Bid
Johannesburg: Rockwell Diamonds said its three subsidiaries – Rockwell Resources, HC van Wyk Diamonds and Saxendrift Mine – were successfully placed under business rescue by a court in Kimberley, South Africa as opposed to liquidation. The immediate effect, it said, was that all legal proceedings against the subsidiaries were stayed, and the liquidation process was suspended. Rockwell said the orders
ALROSA Unearths 60.32 Carat Diamond
Moscow: ALROSA said on Friday it had extracted a large diamond weighing 60.32 carats, which is priced by experts at about $ 174 500. The diamond, which is a transparent octahedron-shaped stone with a yellowish hue, was extracted at the Gornoye alluvial diamond field with a dredge of Concentrating Plant No. 3 belonging to the company’s Mirny Mining Division. This
Forevermark Inscribes Two Millionth Diamond
London: De Beers Group today announced its Forevermark diamond brand has inscribed its two millionth diamond. The diamond is a 3.48 carat round brilliant and bears the unique inscription of ‘2,000,000’. The diamond was mined, cut and polished in Namibia and inscribed at the Forevermark Diamond Institute in Surat, India. It will be set in a piece of jewellery at
China Records Sustained Growth in Jewellery Sales
Beijing: Retail sales of gold, silver and jewellery in China were up 7.8 percent in the first four months of the year, indicating further signs of improvement in the market, according to data released by the National Bureau of Statistics of China. Sales rose to around $15 bn from January to April compared to the same period a year ago.
Rockwell Subsidiaries Survive Liquidation Bid
Johannesburg: Rockwell Diamonds said its three subsidiaries – Rockwell Resources, HC van Wyk Diamonds and Saxendrift Mine – were successfully placed under business rescue by a court in Kimberley, South Africa as opposed to liquidation. The immediate effect, it said, was that all legal proceedings against the subsidiaries were stayed, and the liquidation process was suspended. Rockwell said the orders
