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
Gem & Jewellery Ind. Pays Tribute to URI Martyrs
GJNRF Hands over Relief Cheques to families in the presence of Hon. Chief Minister of Maharashtra, Mr. Devendra Fadnavis Mumbai: Hon’ble Maharashtra Chief Minister Mr. Devendra Fadnavis presided over a first-of-its-kind event at the iconic Bharat Diamond Bourse (BDB) in Mumbai wherein Gem & Jewellery National Relief Foundation (GJNRF) presented relief cheques to the families of Uri martyrs. The event
Exemption Sought for GJI Exports & Minimal GST
Mumbai: Gem & Jewellery Export Promotion Council (GJEPC), in a representation filed on behalf of the entire gem & jewellery industry, has reiterated that the industry is completely supportive of India’s move towards Goods & Services Tax (GST), and is looking forward to migrating to a GST regime but has sought exemption for GJI export transactions and preferred minimal GST rates
DiamondCorp Up for Sale or Merger
London: DiamondCorp opened itself to a merger or takeover after saying the London-based company urgently needs about $615,623 (GBP 500,000) to address immediate funding requirements. The board said the company should conduct a strategic review while continuing discussions to secure funding. DiamondCorp’s options include a “merger with or offer for the group by a third party or a sale of
$174.6 Million Jade Stone Discovered in Myanmar
Naypyidaw: Miners in Myanmar have uncovered a jade stone that is estimated to be worth $174.6 million. The stone, which measures 18 feet by 18 feet by 9 feet and is estimated to weigh 175 tons, was uncovered at a mining site operated by the Yadanar Taungtan Co. and the Ministry of Mining. ”We thought we had won the lottery,”
Gem & Jewellery Ind. Pays Tribute to URI Martyrs
GJNRF Hands over Relief Cheques to families in the presence of Hon. Chief Minister of Maharashtra, Mr. Devendra Fadnavis Mumbai: Hon’ble Maharashtra Chief Minister Mr. Devendra Fadnavis presided over a first-of-its-kind event at the iconic Bharat Diamond Bourse (BDB) in Mumbai wherein Gem & Jewellery National Relief Foundation (GJNRF) presented relief cheques to the families of Uri martyrs. The event
Exemption Sought for GJI Exports & Minimal GST
Mumbai: Gem & Jewellery Export Promotion Council (GJEPC), in a representation filed on behalf of the entire gem & jewellery industry, has reiterated that the industry is completely supportive of India’s move towards Goods & Services Tax (GST), and is looking forward to migrating to a GST regime but has sought exemption for GJI export transactions and preferred minimal GST rates
DiamondCorp Up for Sale or Merger
London: DiamondCorp opened itself to a merger or takeover after saying the London-based company urgently needs about $615,623 (GBP 500,000) to address immediate funding requirements. The board said the company should conduct a strategic review while continuing discussions to secure funding. DiamondCorp’s options include a “merger with or offer for the group by a third party or a sale of
$174.6 Million Jade Stone Discovered in Myanmar
Naypyidaw: Miners in Myanmar have uncovered a jade stone that is estimated to be worth $174.6 million. The stone, which measures 18 feet by 18 feet by 9 feet and is estimated to weigh 175 tons, was uncovered at a mining site operated by the Yadanar Taungtan Co. and the Ministry of Mining. ”We thought we had won the lottery,”
