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
De Beers Opens First Store in New York
New York: De Beers Diamond Jewellers unveiled its flagship New York store, in which it features rough diamonds to give customers a better sense of the finished product’s origin. To mark the occasion, the jewelry retailer displayed a 109-carat, type-IIa rough diamond at the store, which covers 200 square meters on Manhattan’s Madison Avenue. “To have a beautiful polished diamond
India’s Gold Imports Go up in November
Mumbai: India’s gold import in November was the highest in this calendar year, due to a sharp increase in demand from bullion dealers and stockists. Trade sources estimate import at 100 tonnes, as compared to 98 tonnes in the same month last year and 84 tonnes in October, reports Business Standard. Dealers and stockists were anticipating a sharp rise in
Massive Diamond Boosts Lucara’s 2016 Sales
Toronto: Lucara Diamond Corp. expects revenue to hit $295 million in 2016, implying a 32 percent surge from a year ago, following the sale of the most expensive rough diamond in history. The Canada-based miner sold the 813-carat Constellation diamond for a record $63.1 million, or $77,649 per carat, to Dubai-based Nemesis International in May. Full-year revenue including that stone
BIS Narrows Hallmarking Norms for Gold Jewellery
Mumbai: The Bureau of Indian Standards (BIS) under the Ministry of Consumer Affairs (MCA) has made hallmarking of gold ornaments mandatory for three categories beginning the New Year, reports Business Standard. Effective January 1, jewellers will need to hallmark the 22, 18 and 14 carat jewellery they sell to consumers. At present, gold ornaments with all purity levels between 9
De Beers Opens First Store in New York
New York: De Beers Diamond Jewellers unveiled its flagship New York store, in which it features rough diamonds to give customers a better sense of the finished product’s origin. To mark the occasion, the jewelry retailer displayed a 109-carat, type-IIa rough diamond at the store, which covers 200 square meters on Manhattan’s Madison Avenue. “To have a beautiful polished diamond
India’s Gold Imports Go up in November
Mumbai: India’s gold import in November was the highest in this calendar year, due to a sharp increase in demand from bullion dealers and stockists. Trade sources estimate import at 100 tonnes, as compared to 98 tonnes in the same month last year and 84 tonnes in October, reports Business Standard. Dealers and stockists were anticipating a sharp rise in
Massive Diamond Boosts Lucara’s 2016 Sales
Toronto: Lucara Diamond Corp. expects revenue to hit $295 million in 2016, implying a 32 percent surge from a year ago, following the sale of the most expensive rough diamond in history. The Canada-based miner sold the 813-carat Constellation diamond for a record $63.1 million, or $77,649 per carat, to Dubai-based Nemesis International in May. Full-year revenue including that stone
BIS Narrows Hallmarking Norms for Gold Jewellery
Mumbai: The Bureau of Indian Standards (BIS) under the Ministry of Consumer Affairs (MCA) has made hallmarking of gold ornaments mandatory for three categories beginning the New Year, reports Business Standard. Effective January 1, jewellers will need to hallmark the 22, 18 and 14 carat jewellery they sell to consumers. At present, gold ornaments with all purity levels between 9
