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
Gemfields Ruby Sale Fetches $44M
London: Gemfields said it is launching a campaign to market rubies from Mozambique after the company reported its largest sale to date for stones from the country’s Montepuez mine. The miner sold $44.3 million of rough rubies and corundum from Montepuez at an auction in Singapore from June 13 to 19, breaking a record of $43.3 million set in December
World’s Biggest Diamond Found in Botswana
Gaborone: A young man, just months into his apprenticeship at a mine uncovered the ‘diamond of the century’ which is now set to be auctioned for a record £50 million, reports DailyMail. Tiroyaone Mathaba, 27, said he ‘wanted to scream’ when he found the tennis-ball sized diamond in the Karowe mine in Botswana. It is the biggest find since 1905,
High Gold Price Deters Demand in India
Mumbai: A rally in gold has seen the precious metal hit two-year highs and this could slow gold offtake even if the country receives good rainfall as rising prices will deter gold purchase particularly in rural India that accounts for 60% of India’s annual gold consumption of 900-950 tonnes. Bullion traders say unless prices fall to Rs 28,000 per 10
“Diamonds & Antwerp, it’s in our DnA!”
Antwerp: The Antwerp diamond industry launched a new campaign yesterday that aims to reinvigorate the city’s reputation as diamond capital of the world, both at home and abroad. “Diamonds and Antwerp, it’s in our DnA” celebrates more than five centuries in which the city has been synonymous with diamonds, highlighted by a festive diamond themed period, starting October 2017, organized
Gemfields Ruby Sale Fetches $44M
London: Gemfields said it is launching a campaign to market rubies from Mozambique after the company reported its largest sale to date for stones from the country’s Montepuez mine. The miner sold $44.3 million of rough rubies and corundum from Montepuez at an auction in Singapore from June 13 to 19, breaking a record of $43.3 million set in December
World’s Biggest Diamond Found in Botswana
Gaborone: A young man, just months into his apprenticeship at a mine uncovered the ‘diamond of the century’ which is now set to be auctioned for a record £50 million, reports DailyMail. Tiroyaone Mathaba, 27, said he ‘wanted to scream’ when he found the tennis-ball sized diamond in the Karowe mine in Botswana. It is the biggest find since 1905,
High Gold Price Deters Demand in India
Mumbai: A rally in gold has seen the precious metal hit two-year highs and this could slow gold offtake even if the country receives good rainfall as rising prices will deter gold purchase particularly in rural India that accounts for 60% of India’s annual gold consumption of 900-950 tonnes. Bullion traders say unless prices fall to Rs 28,000 per 10
“Diamonds & Antwerp, it’s in our DnA!”
Antwerp: The Antwerp diamond industry launched a new campaign yesterday that aims to reinvigorate the city’s reputation as diamond capital of the world, both at home and abroad. “Diamonds and Antwerp, it’s in our DnA” celebrates more than five centuries in which the city has been synonymous with diamonds, highlighted by a festive diamond themed period, starting October 2017, organized
