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
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Gemfields’ Emerald Production Up for Q4 FY 2016
Gemfields plc has released its operational update for the three month period ending 30 June 2016 (Q4 FY 2016), reporting the results for both its 75% Kagem Mining Limited (in Zambia) as well as its 75% owned Montepuez Ruby Mining Limitada (in Mozambique). Kagem’s production of emerald and beryl for the period stood at 7.2 million carats, compared to 8.1
De Beers July Sales Total $520M
Gaborone: De Beers sold $520 million of rough diamonds at its latest sales cycle as the miner reported “positive” sightholder sentiment but maintained a cautious outlook for the rest of the year. The revenue figure for the diamond miner’s sixth sales cycle of 2016 compares with $308 million estimated by Rapaport News for the equivalent period a year ago. However,
Rio’s Australian Diamonds Prog. Launched in China
Beijing: Rio Tinto has launched its Australian Diamonds™ programme in China, to lend further market support to its Argyle diamonds and in response to the growing consumer and trade interest in diamond provenance. “Increasingly the value of a diamond is tied to where and how the diamond was mined, how it was cut and polished and the process of bringing
Good First Half & More Opportunities on Horizon
Gaborone: Last week Anglo American published its financial results for the first half of 2016. De Beers’ CEO Mr. Bruce Cleaver says, “At De Beers, we’re encouraged by our performance following the challenges faced in 2015. It shows the actions we took last year have succeeded in normalizing trading conditions. First thing for me is a visit to India later
Gemfields’ Emerald Production Up for Q4 FY 2016
Gemfields plc has released its operational update for the three month period ending 30 June 2016 (Q4 FY 2016), reporting the results for both its 75% Kagem Mining Limited (in Zambia) as well as its 75% owned Montepuez Ruby Mining Limitada (in Mozambique). Kagem’s production of emerald and beryl for the period stood at 7.2 million carats, compared to 8.1
De Beers July Sales Total $520M
Gaborone: De Beers sold $520 million of rough diamonds at its latest sales cycle as the miner reported “positive” sightholder sentiment but maintained a cautious outlook for the rest of the year. The revenue figure for the diamond miner’s sixth sales cycle of 2016 compares with $308 million estimated by Rapaport News for the equivalent period a year ago. However,
Rio’s Australian Diamonds Prog. Launched in China
Beijing: Rio Tinto has launched its Australian Diamonds™ programme in China, to lend further market support to its Argyle diamonds and in response to the growing consumer and trade interest in diamond provenance. “Increasingly the value of a diamond is tied to where and how the diamond was mined, how it was cut and polished and the process of bringing
Good First Half & More Opportunities on Horizon
Gaborone: Last week Anglo American published its financial results for the first half of 2016. De Beers’ CEO Mr. Bruce Cleaver says, “At De Beers, we’re encouraged by our performance following the challenges faced in 2015. It shows the actions we took last year have succeeded in normalizing trading conditions. First thing for me is a visit to India later
