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 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
Karelian Makes Diamond Recovery in Finland
Helsinki: Karelian Diamond Resources, an Irish diamond exploration company focused on Finland, announced they had received results from sampling undertaken by the Geological Survey of Finland (GTK) which had been requested by the company. In one of the seven samples that had been analyzed, a diamond had been discovered from the Kuhmo region of Eastern Finland. Chairman of Karelian Diamond
India’s Gold Demand Fell by 21%: WGC
Mumbai: Global gold demand rose 2% in 2016 to reach 4,309 tonnes (t), the highest level since 2013, according to the World Gold Council’s (WGC) latest Gold Demand Trends report. This was largely driven by inflows into gold-backed Exchange Traded Funds (ETFs) of 532t, the second-highest year on record, as investors responded to concerns over future monetary policy, geopolitical uncertainty
India's CBDT Bars 'Angadias' From Delivering Cash
New Delhi: The ‘angadias’ or diamond couriers in India will not deliver cash from one destination to other destination starting from February 15, 2017 following the order of the country’s Central Board of Direct Taxes (CBDT) to the angadias to stop accepting the delivery of cash, says a report in The Times Of India. The angadias will only deliver valuable
1269 Retailers Closed Down in US During 2016
New York: The number of jewellery businesses operating in the U.S. fell 6 percent last year as more than 1,000 retailers closed down or merged with competitors. The drop took the total number of U.S. firms listed by the Jewellers Board of Trade (JBT) to 26,725 at the end of 2016, the industry association said. The number of businesses that
Karelian Makes Diamond Recovery in Finland
Helsinki: Karelian Diamond Resources, an Irish diamond exploration company focused on Finland, announced they had received results from sampling undertaken by the Geological Survey of Finland (GTK) which had been requested by the company. In one of the seven samples that had been analyzed, a diamond had been discovered from the Kuhmo region of Eastern Finland. Chairman of Karelian Diamond
India’s Gold Demand Fell by 21%: WGC
Mumbai: Global gold demand rose 2% in 2016 to reach 4,309 tonnes (t), the highest level since 2013, according to the World Gold Council’s (WGC) latest Gold Demand Trends report. This was largely driven by inflows into gold-backed Exchange Traded Funds (ETFs) of 532t, the second-highest year on record, as investors responded to concerns over future monetary policy, geopolitical uncertainty
India's CBDT Bars 'Angadias' From Delivering Cash
New Delhi: The ‘angadias’ or diamond couriers in India will not deliver cash from one destination to other destination starting from February 15, 2017 following the order of the country’s Central Board of Direct Taxes (CBDT) to the angadias to stop accepting the delivery of cash, says a report in The Times Of India. The angadias will only deliver valuable
1269 Retailers Closed Down in US During 2016
New York: The number of jewellery businesses operating in the U.S. fell 6 percent last year as more than 1,000 retailers closed down or merged with competitors. The drop took the total number of U.S. firms listed by the Jewellers Board of Trade (JBT) to 26,725 at the end of 2016, the industry association said. The number of businesses that
