Chetan Kumar Mehta Propels Laxmi Diamonds to the Top
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Should Airlines Ban Carrying Gold in Hand?
The Selloff Deepens, but Demand is Answering: Are Gold-Silver Nearing a Floor?
Macro Snapshot: Two events defined the week ending June 12. On Monday June 9, White House officials indicated that US-Iran nuclear negotiations were making positive progress; oil prices dropped immediately, with WTI crude falling approximately 4% to $87.61 and Brent losing 3.5% to $90.92. Then on Tuesday June 10, the Bureau of Labor Statistics released the May CPI: headline inflation accelerated to 4.2% year-on-year, the highest reading since April 2023, up from 3.8% in April. The monthly increase was 0.5%,
The Selloff Deepens, but Demand is Answering: Are Gold-Silver Nearing a Floor?
Macro Snapshot: Two events defined the week ending June 12. On Monday June 9, White House officials indicated that US-Iran nuclear negotiations were making positive progress; oil prices dropped immediately, with WTI crude falling approximately 4% to $87.61 and Brent losing 3.5% to $90.92. Then on Tuesday June 10, the Bureau of Labor Statistics released the May CPI: headline inflation accelerated to 4.2% year-on-year, the highest reading since April 2023, up from 3.8% in April. The monthly increase was 0.5%,
Top News
GST Fear Grips India's Gem Exporters
Mumbai: Political uncertainty in Europe coupled with the fear that the government will bring gem and jewellery exports and imports under GST are worrying exporters, even though the overall exports in FY17 have risen by 9.85% over FY16. In value terms, total exports of gem and jewellery stood at $43.15 billion in FY17 compared with $39.24 billion in FY16, reports
Kimberley Process Intersessional Kicks Off in Australia
Perth: Australia’s term as Chair of the Kimberley Process (KP) kicked off on Monday at the KP Intersessional Meeting in Perth, which runs from May 1 – 4. The focus of this year’s meeting is the start of the Kimberley Process Certification Scheme (KPCS) review cycle in order to strengthen the Kimberley Process. According to a World Diamond Council (WDC)
Cartier Inks Online Deal with Net-A-Porter
New York: Luxury watch maker Cartier is allowing customers to buy a watch over the internet for the first time. The company is working with online fashion emporium Net-A-Porter on a month-long pop-up shop to offer 12 models of the latest Panthère de Cartier watch – an iconic timepiece from the early eighties re-issued this year. Net-A-Porter, which is owned
Stellar Deal Combines Sierra Leone Diamond Mines
Freetown: Stellar Diamonds has partnered with Octea Mining in a deal that will enable the two companies to combine their diamond mining operations in Sierra Leone. The agreement — which the companies signed last week — “will allow Stellar to build a single mine for the simultaneous commercial production” from its Tongo asset and Octea’s adjacent Tonguma kimberlite deposit, explained
GST Fear Grips India's Gem Exporters
Mumbai: Political uncertainty in Europe coupled with the fear that the government will bring gem and jewellery exports and imports under GST are worrying exporters, even though the overall exports in FY17 have risen by 9.85% over FY16. In value terms, total exports of gem and jewellery stood at $43.15 billion in FY17 compared with $39.24 billion in FY16, reports
Kimberley Process Intersessional Kicks Off in Australia
Perth: Australia’s term as Chair of the Kimberley Process (KP) kicked off on Monday at the KP Intersessional Meeting in Perth, which runs from May 1 – 4. The focus of this year’s meeting is the start of the Kimberley Process Certification Scheme (KPCS) review cycle in order to strengthen the Kimberley Process. According to a World Diamond Council (WDC)
Cartier Inks Online Deal with Net-A-Porter
New York: Luxury watch maker Cartier is allowing customers to buy a watch over the internet for the first time. The company is working with online fashion emporium Net-A-Porter on a month-long pop-up shop to offer 12 models of the latest Panthère de Cartier watch – an iconic timepiece from the early eighties re-issued this year. Net-A-Porter, which is owned
Stellar Deal Combines Sierra Leone Diamond Mines
Freetown: Stellar Diamonds has partnered with Octea Mining in a deal that will enable the two companies to combine their diamond mining operations in Sierra Leone. The agreement — which the companies signed last week — “will allow Stellar to build a single mine for the simultaneous commercial production” from its Tongo asset and Octea’s adjacent Tonguma kimberlite deposit, explained
