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?
Two Central Banks, Two Signals: Why the NFP Shock Hit Silver Harder Than Gold
Macro Snapshot: The week ending June 5 belonged to two central banks and one labour number. On Friday June 5, the Reserve Bank of India’s Monetary Policy Committee held the repo rate at 5.25% for the third consecutive meeting, voting unanimously, and raised the FY27 inflation projection by 50 basis points to 5.1%. Hours later, the US Bureau of Labor Statistics released a May nonfarm payrolls print of 172,000 jobs, roughly double the consensus expectation of approximately 85,000. The number
Two Central Banks, Two Signals: Why the NFP Shock Hit Silver Harder Than Gold
Macro Snapshot: The week ending June 5 belonged to two central banks and one labour number. On Friday June 5, the Reserve Bank of India’s Monetary Policy Committee held the repo rate at 5.25% for the third consecutive meeting, voting unanimously, and raised the FY27 inflation projection by 50 basis points to 5.1%. Hours later, the US Bureau of Labor Statistics released a May nonfarm payrolls print of 172,000 jobs, roughly double the consensus expectation of approximately 85,000. The number
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Petra and Ekapa Enter into Joint Mining Venture
Johannesburg: Petra Diamonds Limited announced it has entered into an unincorporated joint venture agreement with Ekapa Mining (Pty) Ltd. named the Kimberley Ekapa Mining Joint Venture. The respective operations comprise Petra’s Kimberley Underground mines, Ekapa’s tailings operations and Kimberley Mines tailings operations. The joint venture agreement came into effect on July 1, with Petra and its BEE partners holding 75.9
GII Builds Synthetic Diamond Detecting Machine
Mumbai: To address the threat of undisclosed mixing of Synthetic diamonds with Natural Diamonds, the Gemmological Institute of India (GII), a project of Gem & Jewellery Export Promotion Council (GJEPC) and co-sponsored by Bharat Diamond Bourse (BDB) has introduced a new instrument which immediately detects synthetic diamonds. The instrument which has been named as “Quick-Check”, has been indigenously designed by
Russian Manufacturers Request State Support
Moscow: On the eve of the abolition of the 6.5% export duty on diamonds coming on September 1, 2016, Russian diamond cutters said they would need large-scale state support. As the Kommersant Daily came to know, the largest local diamond industry enterprise, which is Smolensk-based Kristall, proposed to introduce new protective market mechanisms, stating that without them, Russian diamond manufacturers
ALROSA Started to Sell 10.9%
Moscow: On Wednesday, Sberbank CIB and VTB Capital (coordinators of the transaction to float the diamond miner’s state-owned shares) opened an order book for purchasing 802,780,000 shares in ALROSA (10.9% of the state-held stock) after yesterday’s trading on the Moscow Stock Exchange closed, according to the company’s report released on the Exchange. Thus, ALROSA became the first company with state
Petra and Ekapa Enter into Joint Mining Venture
Johannesburg: Petra Diamonds Limited announced it has entered into an unincorporated joint venture agreement with Ekapa Mining (Pty) Ltd. named the Kimberley Ekapa Mining Joint Venture. The respective operations comprise Petra’s Kimberley Underground mines, Ekapa’s tailings operations and Kimberley Mines tailings operations. The joint venture agreement came into effect on July 1, with Petra and its BEE partners holding 75.9
GII Builds Synthetic Diamond Detecting Machine
Mumbai: To address the threat of undisclosed mixing of Synthetic diamonds with Natural Diamonds, the Gemmological Institute of India (GII), a project of Gem & Jewellery Export Promotion Council (GJEPC) and co-sponsored by Bharat Diamond Bourse (BDB) has introduced a new instrument which immediately detects synthetic diamonds. The instrument which has been named as “Quick-Check”, has been indigenously designed by
Russian Manufacturers Request State Support
Moscow: On the eve of the abolition of the 6.5% export duty on diamonds coming on September 1, 2016, Russian diamond cutters said they would need large-scale state support. As the Kommersant Daily came to know, the largest local diamond industry enterprise, which is Smolensk-based Kristall, proposed to introduce new protective market mechanisms, stating that without them, Russian diamond manufacturers
ALROSA Started to Sell 10.9%
Moscow: On Wednesday, Sberbank CIB and VTB Capital (coordinators of the transaction to float the diamond miner’s state-owned shares) opened an order book for purchasing 802,780,000 shares in ALROSA (10.9% of the state-held stock) after yesterday’s trading on the Moscow Stock Exchange closed, according to the company’s report released on the Exchange. Thus, ALROSA became the first company with state
