Chetan Kumar Mehta Propels Laxmi Diamonds to the Top
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Platinum is Set to Become the Metal of Choice: Sujala Martis
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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
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HRD to Implement More Flexible Pricing Structure
Antwerp: To fully accommodate the true needs of our customers in what can be a highly versatile and fluctuating market, HRD Antwerp has decided to optimize our pricing to provide a more flexible and transparent service. The most important change to the new pricing structure is that you will be able to configure most diamond examinations exactly to your liking.
India’s Cash Crunch Has Not Affected Alrosa Sales
Moscow: ALROSA’s diamond sales jumped 63 percent from a year ago, to $255.2 million in November, a signal that the liquidity crisis in India has failed to derail a recovery in the rough market this year. Rough sales stood at $245.6 million and revenue from polished came in at $9.6 million, the Russia-based miner reported. ALROSA’s results are in line
Zimbabwe’s Diamond Output Declines 62%
Harare: Zimbabwe’s diamond production declined by 62 percent to 924 388 carats since January this year due to court cases filed by evicted miners resisting Government’s decision to consolidate the sector.Production of the precious mineral totalled 3,2 million carats in 2015, but has been negatively impacted this year by ongoing court cases where two miners are objecting to consolidation of
Cameroon Enabling CAR Conflict Diamonds
Dubai: Conflict diamonds from the Central African Republic (CAR) are entering the supply chain because of poor prevention controls, non-governmental group Partnership Africa Canada (PAC) alleged. Rough stones are being smuggled across the border into Cameroon and adjudged conflict-free after they receive Kimberley Process certificates, enabling them to then be exported to international markets, PAC claimed. Interviews with miners, traders
HRD to Implement More Flexible Pricing Structure
Antwerp: To fully accommodate the true needs of our customers in what can be a highly versatile and fluctuating market, HRD Antwerp has decided to optimize our pricing to provide a more flexible and transparent service. The most important change to the new pricing structure is that you will be able to configure most diamond examinations exactly to your liking.
India’s Cash Crunch Has Not Affected Alrosa Sales
Moscow: ALROSA’s diamond sales jumped 63 percent from a year ago, to $255.2 million in November, a signal that the liquidity crisis in India has failed to derail a recovery in the rough market this year. Rough sales stood at $245.6 million and revenue from polished came in at $9.6 million, the Russia-based miner reported. ALROSA’s results are in line
Zimbabwe’s Diamond Output Declines 62%
Harare: Zimbabwe’s diamond production declined by 62 percent to 924 388 carats since January this year due to court cases filed by evicted miners resisting Government’s decision to consolidate the sector.Production of the precious mineral totalled 3,2 million carats in 2015, but has been negatively impacted this year by ongoing court cases where two miners are objecting to consolidation of
Cameroon Enabling CAR Conflict Diamonds
Dubai: Conflict diamonds from the Central African Republic (CAR) are entering the supply chain because of poor prevention controls, non-governmental group Partnership Africa Canada (PAC) alleged. Rough stones are being smuggled across the border into Cameroon and adjudged conflict-free after they receive Kimberley Process certificates, enabling them to then be exported to international markets, PAC claimed. Interviews with miners, traders
