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
Lucapa Finds Large Diamond of 172 Carats
Perth: Just a week after finding a 104-carat Type IIa, D-color diamond which was the fourth stone over 100 carats discovered this year, Lucapa Diamond Co. Ltd., an ASX-listed Australian company based in Perth, has uncovered an even bigger exceptional diamond from its Lulo Project in Angola. Lucapa said it unearthed 172.67-carat Type IIa, D-color stone. It is the fifth
Heavy Demand for India’s Sovereign Gold Bonds
New Delhi: Heavy demand for Sovereign Gold Bonds (SGB), an instrument to wean away people from physical gold, has forced the government to postpone its issue date to September 30 from the earlier September 23. “The Government of India in consultation with the Reserve Bank of India (RBI), had notified the issuance of SGB, 2016-17 Series II. The tranche was
Dominion Sells 186-Ct Diamond for $2.8 Million
Toronto: Dominion Diamond Corporation reports the restart of the Ekati process plant and the sale of an exceptional diamond recovered at the Ekati diamond mine earlier this year. The Ekati process plant resumed operations at full capacity on September 21. Plant operations had been suspended since a fire that occurred at the Ekati process plant on June 23. During this
India to Shut Down Hindustan Diamond Co.
New Delhi: An official release from the government of India circulated on 21st Sept. 2016 says that the Cabinet Committee on Economic Affairs has approved shutting down of Hindustan Diamond Company Pvt Ltd (HDCPL), a joint venture between the Indian Government and De Beers Centenary Mauritius Ltd (DBCML), which supplies rough diamonds to Indian diamond industry. The release notes that
Lucapa Finds Large Diamond of 172 Carats
Perth: Just a week after finding a 104-carat Type IIa, D-color diamond which was the fourth stone over 100 carats discovered this year, Lucapa Diamond Co. Ltd., an ASX-listed Australian company based in Perth, has uncovered an even bigger exceptional diamond from its Lulo Project in Angola. Lucapa said it unearthed 172.67-carat Type IIa, D-color stone. It is the fifth
Heavy Demand for India’s Sovereign Gold Bonds
New Delhi: Heavy demand for Sovereign Gold Bonds (SGB), an instrument to wean away people from physical gold, has forced the government to postpone its issue date to September 30 from the earlier September 23. “The Government of India in consultation with the Reserve Bank of India (RBI), had notified the issuance of SGB, 2016-17 Series II. The tranche was
Dominion Sells 186-Ct Diamond for $2.8 Million
Toronto: Dominion Diamond Corporation reports the restart of the Ekati process plant and the sale of an exceptional diamond recovered at the Ekati diamond mine earlier this year. The Ekati process plant resumed operations at full capacity on September 21. Plant operations had been suspended since a fire that occurred at the Ekati process plant on June 23. During this
India to Shut Down Hindustan Diamond Co.
New Delhi: An official release from the government of India circulated on 21st Sept. 2016 says that the Cabinet Committee on Economic Affairs has approved shutting down of Hindustan Diamond Company Pvt Ltd (HDCPL), a joint venture between the Indian Government and De Beers Centenary Mauritius Ltd (DBCML), which supplies rough diamonds to Indian diamond industry. The release notes that
