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
WDM Seminar at BrilliAnt
Antwerp: The World Diamond Mark (WDM) seminars, to be held during BrilliAnt, the Antwerp Diamond Trade Fair, will present the two main elements of the WDM programmes that aim to drive consumer traffic to the participating retail jewellers. First, the WDM team will lift a tip of the veil of the “Part of You” consumer campaign. The point of departure
Birks Inks Deal to Sell Diamonds in Asia
Hong Kong: Montreal-based Birks Group has tied up with online retailer Luxify to sell top-end polished diamonds to consumers in Asia, reports Rapaport. The companies will offer rare diamonds of Canadian origin on the Luxify ecommerce site, including the 35.11-carat, fancy dark yellowish-brown ‘Radiant North,’ described as the country’s largest colored diamond. The pair will also sell a 4.05-carat intense
ALROSA Plans 6% Rise in Production
Moscow: ALROSA said it expects rough-diamond production to increase significantly this year amid optimism in the rough market. The miner anticipates it will recover 39.2 million carats in 2017, the company said in a presentation to investors, implying a rise of 6 percent over the 37 million carats that were planned for 2016. The latest guidance is still a 2
De Beers’ Sells $720 mln Rough in First Cycle
Gaborone: De Beers rough-diamond sales jumped 32 percent year on year to $720 million during its first sales cycle of 2017 as manufacturers restocked following the holiday season, according to a press statement issued by the Company. De Beers sold rough diamonds with a value of $720 million in the first sales cycle (Global Sightholder Sales and Auction Sales) of
WDM Seminar at BrilliAnt
Antwerp: The World Diamond Mark (WDM) seminars, to be held during BrilliAnt, the Antwerp Diamond Trade Fair, will present the two main elements of the WDM programmes that aim to drive consumer traffic to the participating retail jewellers. First, the WDM team will lift a tip of the veil of the “Part of You” consumer campaign. The point of departure
Birks Inks Deal to Sell Diamonds in Asia
Hong Kong: Montreal-based Birks Group has tied up with online retailer Luxify to sell top-end polished diamonds to consumers in Asia, reports Rapaport. The companies will offer rare diamonds of Canadian origin on the Luxify ecommerce site, including the 35.11-carat, fancy dark yellowish-brown ‘Radiant North,’ described as the country’s largest colored diamond. The pair will also sell a 4.05-carat intense
ALROSA Plans 6% Rise in Production
Moscow: ALROSA said it expects rough-diamond production to increase significantly this year amid optimism in the rough market. The miner anticipates it will recover 39.2 million carats in 2017, the company said in a presentation to investors, implying a rise of 6 percent over the 37 million carats that were planned for 2016. The latest guidance is still a 2
De Beers’ Sells $720 mln Rough in First Cycle
Gaborone: De Beers rough-diamond sales jumped 32 percent year on year to $720 million during its first sales cycle of 2017 as manufacturers restocked following the holiday season, according to a press statement issued by the Company. De Beers sold rough diamonds with a value of $720 million in the first sales cycle (Global Sightholder Sales and Auction Sales) of
