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 Selloff Deepens, but Demand is Answering: Are Gold-Silver Nearing a Floor?
Macro Snapshot: Two events defined the week ending June 12. On Monday June 9, White House officials indicated that US-Iran nuclear negotiations were making positive progress; oil prices dropped immediately, with WTI crude falling approximately 4% to $87.61 and Brent losing 3.5% to $90.92. Then on Tuesday June 10, the Bureau of Labor Statistics released the May CPI: headline inflation accelerated to 4.2% year-on-year, the highest reading since April 2023, up from 3.8% in April. The monthly increase was 0.5%,
The Selloff Deepens, but Demand is Answering: Are Gold-Silver Nearing a Floor?
Macro Snapshot: Two events defined the week ending June 12. On Monday June 9, White House officials indicated that US-Iran nuclear negotiations were making positive progress; oil prices dropped immediately, with WTI crude falling approximately 4% to $87.61 and Brent losing 3.5% to $90.92. Then on Tuesday June 10, the Bureau of Labor Statistics released the May CPI: headline inflation accelerated to 4.2% year-on-year, the highest reading since April 2023, up from 3.8% in April. The monthly increase was 0.5%,
Top News
Gahcho Kué Recovers 68 Carat Diamond
Toronto: Mountain Province Diamonds recovered the largest gem-quality stone yet from its Gahcho Kué mine in Canada. At 67.87 carats, the octahedron-shaped rough diamond was extracted during the ramp-up of the mine, which was launched in September last year. “The presence of large gem-quality diamonds at Gahcho Kué was established during the bulk sampling when a 25.13-carat octahedron was recovered.
De Beers Exploration Budget in ’17 Unchanged
Gaborone: De Beers will keep its diamond exploration budget steady at $35 million in 2017, the company said, while turning to new technology to improve the rate of discoveries. “Our exploration spend this year is likely to be in line with last year’s, around $35 million,” De Beers told Reuters. The industry invested around $7 billion on exploration between 2000
Global Mining Industry Convalescing: Anglo
Cape Town: Anglo American, which has an 85 percent stake in De Beers, said the past year brought some reprieve for the global mining industry. Group chief executive Mark Cutifani told the Investing in African Mining Indaba in Cape Town, South Africa that while market watchers were ready to sound a death knell on mining’s prospects, the industry had survived.
Presidents’ Meet Discusses Alternative Financing
Mumbai: The 2017 Presidents Meeting taking place in Mumbai this week heard at a special Finance Seminar on Monday about the financing challenges facing the global trade and possible solutions, including alternative forms of credit. Addressing the seminar, WFDB President Mr. Ernie Blom said the meeting aimed to lay out the reasons that the diamond trade finds it increasingly difficult
Gahcho Kué Recovers 68 Carat Diamond
Toronto: Mountain Province Diamonds recovered the largest gem-quality stone yet from its Gahcho Kué mine in Canada. At 67.87 carats, the octahedron-shaped rough diamond was extracted during the ramp-up of the mine, which was launched in September last year. “The presence of large gem-quality diamonds at Gahcho Kué was established during the bulk sampling when a 25.13-carat octahedron was recovered.
De Beers Exploration Budget in ’17 Unchanged
Gaborone: De Beers will keep its diamond exploration budget steady at $35 million in 2017, the company said, while turning to new technology to improve the rate of discoveries. “Our exploration spend this year is likely to be in line with last year’s, around $35 million,” De Beers told Reuters. The industry invested around $7 billion on exploration between 2000
Global Mining Industry Convalescing: Anglo
Cape Town: Anglo American, which has an 85 percent stake in De Beers, said the past year brought some reprieve for the global mining industry. Group chief executive Mark Cutifani told the Investing in African Mining Indaba in Cape Town, South Africa that while market watchers were ready to sound a death knell on mining’s prospects, the industry had survived.
Presidents’ Meet Discusses Alternative Financing
Mumbai: The 2017 Presidents Meeting taking place in Mumbai this week heard at a special Finance Seminar on Monday about the financing challenges facing the global trade and possible solutions, including alternative forms of credit. Addressing the seminar, WFDB President Mr. Ernie Blom said the meeting aimed to lay out the reasons that the diamond trade finds it increasingly difficult
