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 to Promote Branded Russian Diamonds
Moscow: ALROSA President Andrey Zharkov said during International Diamond Week in Israel (IDWI) that the diamond producer is planning to launch marketing programs promoting Russian-mined diamonds. Zharkov is a guest of honor at the event. Rapaport quoted Zharkov as saying that company will run pilot programs in key markets this year, marking the first time it is engaging in direct
Chairman of Anglo American to Step Down
London: Anglo American, the London-based diversified mining conglomerate including the De Beers Group in its portfolio, has announced that Sir John Parker intends to step down, after serving eight years as Chairman, during the course of 2017. Sir John Parker, Chairman of Anglo American, said: “Having seen Anglo American emerge in a strong position from the mining industry downturn, with
New Jewellery Park Planned Near Kolkata
Kolkata: Chief minister Mamata Banerjee is working out an alternative plan for workers who have lost their jobs due to demonetisation. In an effort to create jobs for the gold artisans who have lost their jobs, the state is coming up with a new jewellery park — the third of its kind — beside Belgharia Expressway in Howrah. The West
HRD Antwerp Enters Iran in Middle East Expansion
Antwerp: Diamond-grading group HRD Antwerp will launch an educational program in Iran to expand its presence in the Middle East. HRD will start training certified diamond graders in a debut course in Tehran at the end of April in collaboration with Alireza Feizollahi, a local consultant. The move is part of a wider attempt to expand HRD’s operations in the
ALROSA to Promote Branded Russian Diamonds
Moscow: ALROSA President Andrey Zharkov said during International Diamond Week in Israel (IDWI) that the diamond producer is planning to launch marketing programs promoting Russian-mined diamonds. Zharkov is a guest of honor at the event. Rapaport quoted Zharkov as saying that company will run pilot programs in key markets this year, marking the first time it is engaging in direct
Chairman of Anglo American to Step Down
London: Anglo American, the London-based diversified mining conglomerate including the De Beers Group in its portfolio, has announced that Sir John Parker intends to step down, after serving eight years as Chairman, during the course of 2017. Sir John Parker, Chairman of Anglo American, said: “Having seen Anglo American emerge in a strong position from the mining industry downturn, with
New Jewellery Park Planned Near Kolkata
Kolkata: Chief minister Mamata Banerjee is working out an alternative plan for workers who have lost their jobs due to demonetisation. In an effort to create jobs for the gold artisans who have lost their jobs, the state is coming up with a new jewellery park — the third of its kind — beside Belgharia Expressway in Howrah. The West
HRD Antwerp Enters Iran in Middle East Expansion
Antwerp: Diamond-grading group HRD Antwerp will launch an educational program in Iran to expand its presence in the Middle East. HRD will start training certified diamond graders in a debut course in Tehran at the end of April in collaboration with Alireza Feizollahi, a local consultant. The move is part of a wider attempt to expand HRD’s operations in the
