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
Rolex Rated as World’s Most Reputable Company
New York: For the second year in a row, Rolex topped an annual ranking of companies with the best reputations in the world. The Global RepTrak 100 ranking, according to the Reputation Institute, which produces the list, is the largest corporate reputation study of its kind, with 170,000 ratings. Rolex was the only jewellery or watch brand listed on the
All Parcels Sold at Gahcho Kué Tender
Toronto: Mountain Province sold 277,646 carats of rough diamonds at its second tender of production from the Gahcho Kué mine in Canada. The company sold all the parcels of diamonds on offer, including those it had held over from its January sale due to India’s liquidity crisis, Mountain Province said. While that previous sale of 49,420 carats fetched $6.3 million
Industry Productivity Dropped 30%: Mark Cutifani
Toronto: Productivity remains number one operational challenge for the industry as it has dropped by 30% over the last decade, said Mark Cutifani, CEO of Anglo American, in his speech at the Prospectors and Developers association of Canada convention. Cutifani reported that since 2012 Anglo American has increased its productivity by 41%, delivering 8% more product, from a 1/3 fewer
Indian Gold Demand to Revive in 2017
Mumbai: The World Gold Council (WGC) has said in its latest Market Update that it expects Indian gold demand to recover from the lows of 2016 and reach levels of between 650-750 tonnes in 2017, before climbing further to about 850-950 t by 2020. The industry body stated that the gold market was one of the sectors of the Indian
Rolex Rated as World’s Most Reputable Company
New York: For the second year in a row, Rolex topped an annual ranking of companies with the best reputations in the world. The Global RepTrak 100 ranking, according to the Reputation Institute, which produces the list, is the largest corporate reputation study of its kind, with 170,000 ratings. Rolex was the only jewellery or watch brand listed on the
All Parcels Sold at Gahcho Kué Tender
Toronto: Mountain Province sold 277,646 carats of rough diamonds at its second tender of production from the Gahcho Kué mine in Canada. The company sold all the parcels of diamonds on offer, including those it had held over from its January sale due to India’s liquidity crisis, Mountain Province said. While that previous sale of 49,420 carats fetched $6.3 million
Industry Productivity Dropped 30%: Mark Cutifani
Toronto: Productivity remains number one operational challenge for the industry as it has dropped by 30% over the last decade, said Mark Cutifani, CEO of Anglo American, in his speech at the Prospectors and Developers association of Canada convention. Cutifani reported that since 2012 Anglo American has increased its productivity by 41%, delivering 8% more product, from a 1/3 fewer
Indian Gold Demand to Revive in 2017
Mumbai: The World Gold Council (WGC) has said in its latest Market Update that it expects Indian gold demand to recover from the lows of 2016 and reach levels of between 650-750 tonnes in 2017, before climbing further to about 850-950 t by 2020. The industry body stated that the gold market was one of the sectors of the Indian
