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 Starts Trading on Moscow Exchange
Moscow: Russian diamond mining giant Alrosa said it has gained direct access to trading at Moscow Exchange’s FX Market. The first trades were executed on April 4. Since January 16, Russian legal entities that are not credit organizations or professional participants of the securities market have been permitted to enter the FX market directly on equal terms with banks and
Winners of 43rd IGJ Awards by GJEPC
Mumbai: Maharashtra Chief Minister Mr. Devendra Fadnavis graced the 43rd India Gem & Jewellery Awards (IGJA 2016) hosted recently by Gem & Jewellery Export Promotion Council (GJEPC) and powered by GIA to recognise and reward star performers of the Indian gem and jewellery sector. Below is the complete list of the winners: Category name Name of the Firm Receivers Name
KGK to Invest $50M in Polishing Near Vladivostok
Moscow: Back in September 2016, ALROSA announced a partnership with Indian company KGK Diamonds Private Ltd, a global leader in diamond cutting, to develop cutting and polishing facilities in Eurasian Diamond Centre in Vladivostok. The agreement entailed ALROSA assisting KGK in the creation of a diamond cutting company on the territory of the Diamond Centre in the Far East, supplying
India’s Exports of G&J Grew 9.5% in April-January
Mumbai: India’s exports of gems and jewellery grew 9.5 per cent to about $29 billion during April-January 2016-17, driven largely by demand in India’s major markets like the US. In April-January period of the previous fiscal, exports from the sector stood at $26.5 billion, according to the data from Gem and Jewellery Export Promotion Council (GJEPC). Gems and jewellery contribute
ALROSA Starts Trading on Moscow Exchange
Moscow: Russian diamond mining giant Alrosa said it has gained direct access to trading at Moscow Exchange’s FX Market. The first trades were executed on April 4. Since January 16, Russian legal entities that are not credit organizations or professional participants of the securities market have been permitted to enter the FX market directly on equal terms with banks and
Winners of 43rd IGJ Awards by GJEPC
Mumbai: Maharashtra Chief Minister Mr. Devendra Fadnavis graced the 43rd India Gem & Jewellery Awards (IGJA 2016) hosted recently by Gem & Jewellery Export Promotion Council (GJEPC) and powered by GIA to recognise and reward star performers of the Indian gem and jewellery sector. Below is the complete list of the winners: Category name Name of the Firm Receivers Name
KGK to Invest $50M in Polishing Near Vladivostok
Moscow: Back in September 2016, ALROSA announced a partnership with Indian company KGK Diamonds Private Ltd, a global leader in diamond cutting, to develop cutting and polishing facilities in Eurasian Diamond Centre in Vladivostok. The agreement entailed ALROSA assisting KGK in the creation of a diamond cutting company on the territory of the Diamond Centre in the Far East, supplying
India’s Exports of G&J Grew 9.5% in April-January
Mumbai: India’s exports of gems and jewellery grew 9.5 per cent to about $29 billion during April-January 2016-17, driven largely by demand in India’s major markets like the US. In April-January period of the previous fiscal, exports from the sector stood at $26.5 billion, according to the data from Gem and Jewellery Export Promotion Council (GJEPC). Gems and jewellery contribute
