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
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UAE Taskforce Reaffirms Commitment to KP
Dubai: The UAE continues its deep commitment and involvement in the Kimberley Process (KP), following its tenure as KP Chair in 2016, bringing UAE KP Taskforce members to a meeting at the Almas Tower where the Dubai Diamond Exchange is based, the Dubai Multi Commodities Centre (DMCC) said Set up as a joint initiative between the Ministry of Economy and
Sales Enhanced on Akshaya Tritiya
Mumbai: Jewellers were eagerly waiting the Indian auspicious day of Akshaya Tritiya to get a boost in their business. In fact, the day has proved to be really auspicious for them as the jewellery is picking up this year. Mr. Somasundaram PR, Managing Director, India, World Gold Counci said, “Millions of Indians believe that purchasing gold on Akshaya Tritiya brings
Diamond Sales Picking up: NDTC
Windhoek: Following a devastating year, the diamond market experienced during 2015, last year showed a significant improvement, Sihaleni Ndjaba, the chief executive officer of Namibia Diamond Trading Company (NDTC), said on Thursday. Moreover, he said during a meeting with reporters in Windhoek, a similar trend to 2016 is expected this year. “It is looking very healthy with a high demand.”
BIS Proposes Compulsory Registration
Mumbai: The Bureau of Indian Standards (BIS) has moved a step closer to mandatory selling of hallmarked jewellery. Two weeks earlier, it issued draft rules which propose compulsory registration for jewellers with BIS, reports Business Standard. Sources say it has been decided that “once jewellers’ registration with BIS is done, the next move will be to mandate that only hallmarked
UAE Taskforce Reaffirms Commitment to KP
Dubai: The UAE continues its deep commitment and involvement in the Kimberley Process (KP), following its tenure as KP Chair in 2016, bringing UAE KP Taskforce members to a meeting at the Almas Tower where the Dubai Diamond Exchange is based, the Dubai Multi Commodities Centre (DMCC) said Set up as a joint initiative between the Ministry of Economy and
Sales Enhanced on Akshaya Tritiya
Mumbai: Jewellers were eagerly waiting the Indian auspicious day of Akshaya Tritiya to get a boost in their business. In fact, the day has proved to be really auspicious for them as the jewellery is picking up this year. Mr. Somasundaram PR, Managing Director, India, World Gold Counci said, “Millions of Indians believe that purchasing gold on Akshaya Tritiya brings
Diamond Sales Picking up: NDTC
Windhoek: Following a devastating year, the diamond market experienced during 2015, last year showed a significant improvement, Sihaleni Ndjaba, the chief executive officer of Namibia Diamond Trading Company (NDTC), said on Thursday. Moreover, he said during a meeting with reporters in Windhoek, a similar trend to 2016 is expected this year. “It is looking very healthy with a high demand.”
BIS Proposes Compulsory Registration
Mumbai: The Bureau of Indian Standards (BIS) has moved a step closer to mandatory selling of hallmarked jewellery. Two weeks earlier, it issued draft rules which propose compulsory registration for jewellers with BIS, reports Business Standard. Sources say it has been decided that “once jewellers’ registration with BIS is done, the next move will be to mandate that only hallmarked
