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 Test: Where the Bull Case for Gold and Silver Goes on Trial
Macro Snapshot: The week ending June 26 extended the precious metals selloff to a fifth consecutive week and pushed both gold and silver into the most important long-term technical zone of the broader uptrend: the 200-day exponential moving average. Three macro forces drove the decline, and they did so simultaneously. First, the US-Iran 60-day peace roadmap, formally signed in Switzerland on June 17, continued to remove the geopolitical risk premium that had supported the metals since the February conflict began.
The 200-Day Test: Where the Bull Case for Gold and Silver Goes on Trial
Macro Snapshot: The week ending June 26 extended the precious metals selloff to a fifth consecutive week and pushed both gold and silver into the most important long-term technical zone of the broader uptrend: the 200-day exponential moving average. Three macro forces drove the decline, and they did so simultaneously. First, the US-Iran 60-day peace roadmap, formally signed in Switzerland on June 17, continued to remove the geopolitical risk premium that had supported the metals since the February conflict began.
Top News
India Sets Up Trade Disciplinary Committee
Mumbai: A new disciplinary committee will deal with misconduct in India’s diamond trade under plans approved by the Gem & Jewellery Export Promotion Council (GJEPC). The GJEPC teamed up with the Bharat Diamond Bourse (BDB) and the Mumbai Diamond Merchants’ Association (MDMA) to form the Trade Disciplinary Committee. The 21-member panel will handle cases including fraud, non-disclosure of synthetics, false
Demonetization will Prove to be a Boon: Vijay Jain
Mumbai: The Platinum Guild International (PGI) has predicted that Indian demand for platinum jewellery would grow by double digits next year and Japanese consumption will stay strong. “In 2017, we’re expecting significant double-digit growth in India and reasonable growth in Japan. While gold is a low-margin business for Indian jewellers, retailers can scoop up returns of about 50% for platinum,
GJEPC’s MyKYCBank to Hold Training Sessions
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC), had, some time back launched MyKYCBank.com for the benefit of the industry. The GJEPC is now holding training sessions for representatives (who are typically involved in the KYC process) of participating member companies. These sessions are planned to be held twice a week – every Tuesday and Thursday at 4.00 pm
KP Chair Ahmed Bin Sulayem Honoured by DDC
New York: Kimberley Process (KP) Chair Ahmed Bin Sulayem has been honoured by the Diamond Dealers Club (DDC) of New York for contributions to supporting the sustainable growth of the global diamond industry. During an official visit to the United States, the accolade was presented to Bin Sulayem by Reuven Kaufman, President of the DDC, and Eli Izhakoff, Honorary President
India Sets Up Trade Disciplinary Committee
Mumbai: A new disciplinary committee will deal with misconduct in India’s diamond trade under plans approved by the Gem & Jewellery Export Promotion Council (GJEPC). The GJEPC teamed up with the Bharat Diamond Bourse (BDB) and the Mumbai Diamond Merchants’ Association (MDMA) to form the Trade Disciplinary Committee. The 21-member panel will handle cases including fraud, non-disclosure of synthetics, false
Demonetization will Prove to be a Boon: Vijay Jain
Mumbai: The Platinum Guild International (PGI) has predicted that Indian demand for platinum jewellery would grow by double digits next year and Japanese consumption will stay strong. “In 2017, we’re expecting significant double-digit growth in India and reasonable growth in Japan. While gold is a low-margin business for Indian jewellers, retailers can scoop up returns of about 50% for platinum,
GJEPC’s MyKYCBank to Hold Training Sessions
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC), had, some time back launched MyKYCBank.com for the benefit of the industry. The GJEPC is now holding training sessions for representatives (who are typically involved in the KYC process) of participating member companies. These sessions are planned to be held twice a week – every Tuesday and Thursday at 4.00 pm
KP Chair Ahmed Bin Sulayem Honoured by DDC
New York: Kimberley Process (KP) Chair Ahmed Bin Sulayem has been honoured by the Diamond Dealers Club (DDC) of New York for contributions to supporting the sustainable growth of the global diamond industry. During an official visit to the United States, the accolade was presented to Bin Sulayem by Reuven Kaufman, President of the DDC, and Eli Izhakoff, Honorary President
