Chetan Kumar Mehta Propels Laxmi Diamonds to the Top
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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
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Gold Demand Slips from Last Year’s Record Q1
Mumbai: Global gold demand in Q1 2017 was 1,034 tonnes (t), a decline of 18% compared to the record Q1 in 2016, according to the World Gold Council’s (WGC) latest Gold Demand Trends report. Inflows into Exchange Traded Funds(ETFs) totalled 109t which, although solid, were nonetheless a fraction of last year’s near-record inflows. Slower central bank demand also contributed to
De Beers Group Returns $5 Bln to Partners in 2016
Gaborone: De Beers Group increased returns to governments, communities, supply chain partners and its joint venture partners by 26 per cent to US$5 billion in 2016, according to its latest Report to Society, published yesterday. The increase, delivered through taxes, payments for goods and services and dividends, reflects De Beers Group’s improved financial and operating performance in a year that
Gem Diamonds High-Quality 80ct. Diamond
London: Gem Diamonds has discovered an 80-carat rough stone that it has described as one of the highest-quality diamonds ever found at its Letšeng mine in Lesotho. The D-color, type-II diamond is relatively small compared with some of the huge stones the mine has produced over the years, including a 114-carat gem the company extracted last month. However, few previous
WDC Applauds the Start of KP Reform Cycle
Perth: World Diamond Council (WDC) members representing every sector of the diamond industry, joined together on May 1-4 at the 2017 Kimberley Process Intersessional Meeting in Perth. The focus of this year’s meeting was the start of the Kimberley Process Certification Scheme (KPCS) review cycle in order to strengthen the Kimberley Process. For the second year in a row the
Gold Demand Slips from Last Year’s Record Q1
Mumbai: Global gold demand in Q1 2017 was 1,034 tonnes (t), a decline of 18% compared to the record Q1 in 2016, according to the World Gold Council’s (WGC) latest Gold Demand Trends report. Inflows into Exchange Traded Funds(ETFs) totalled 109t which, although solid, were nonetheless a fraction of last year’s near-record inflows. Slower central bank demand also contributed to
De Beers Group Returns $5 Bln to Partners in 2016
Gaborone: De Beers Group increased returns to governments, communities, supply chain partners and its joint venture partners by 26 per cent to US$5 billion in 2016, according to its latest Report to Society, published yesterday. The increase, delivered through taxes, payments for goods and services and dividends, reflects De Beers Group’s improved financial and operating performance in a year that
Gem Diamonds High-Quality 80ct. Diamond
London: Gem Diamonds has discovered an 80-carat rough stone that it has described as one of the highest-quality diamonds ever found at its Letšeng mine in Lesotho. The D-color, type-II diamond is relatively small compared with some of the huge stones the mine has produced over the years, including a 114-carat gem the company extracted last month. However, few previous
WDC Applauds the Start of KP Reform Cycle
Perth: World Diamond Council (WDC) members representing every sector of the diamond industry, joined together on May 1-4 at the 2017 Kimberley Process Intersessional Meeting in Perth. The focus of this year’s meeting was the start of the Kimberley Process Certification Scheme (KPCS) review cycle in order to strengthen the Kimberley Process. For the second year in a row the
