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
Zimbabwe’s Diamond Company Starts Mining
Harare: The newly established Zimbabwe Consolidated Diamond Company (ZCDC) has reportedly started mining dumps in Marange. Finance minister Patrick Chinamasa said the company was in its “first month or second month”. “We are now receiving figures of their daily production. They have already started extracting diamonds from dumps and have done 100 000 carats. We are going to publish the
CAR Deal Opens Door to KP Return
Bangui: The Central African Republic (CAR) will soon resume exporting diamonds after a deal was struck between its government and the country’s main miner, Sodiam, The National reported. The African country has been unable to export diamonds since 2013, when it was suspended from the Kimberley Process (KP) on concern that a rebel group was using the gems to fund
Tough Time Ahead for Indian Jewellery Exporters
Mumbai: India Ratings and Research (Ind-Ra) has maintained a stable outlook for jewellery retailers, while revising the outlook for exporters to negative for FY17 from stable in FY16, according to Ind-Ra’s Senior Analyst Harsha Sodhani. Ind-Ra expects retailers to fare well underpinned by a sustainable domestic demand, shifting preference towards branded jewellery, and fading regulatory headwinds. Conversely, exporters might face
India’s GDP can Grow by 7.9% in 2016-17
Mumbai: India’s GDP can grow by 7.9 per cent next fiscal if the monsoon is normal and government implements the reform measures announced so far, domestic rating agency Crisil said on Friday, according to a report published in profit.ndtv.com. The growth forecast, highest by any house and even above the government’s own estimate of 7-7.75 per cent, has been arrived
Zimbabwe’s Diamond Company Starts Mining
Harare: The newly established Zimbabwe Consolidated Diamond Company (ZCDC) has reportedly started mining dumps in Marange. Finance minister Patrick Chinamasa said the company was in its “first month or second month”. “We are now receiving figures of their daily production. They have already started extracting diamonds from dumps and have done 100 000 carats. We are going to publish the
CAR Deal Opens Door to KP Return
Bangui: The Central African Republic (CAR) will soon resume exporting diamonds after a deal was struck between its government and the country’s main miner, Sodiam, The National reported. The African country has been unable to export diamonds since 2013, when it was suspended from the Kimberley Process (KP) on concern that a rebel group was using the gems to fund
Tough Time Ahead for Indian Jewellery Exporters
Mumbai: India Ratings and Research (Ind-Ra) has maintained a stable outlook for jewellery retailers, while revising the outlook for exporters to negative for FY17 from stable in FY16, according to Ind-Ra’s Senior Analyst Harsha Sodhani. Ind-Ra expects retailers to fare well underpinned by a sustainable domestic demand, shifting preference towards branded jewellery, and fading regulatory headwinds. Conversely, exporters might face
India’s GDP can Grow by 7.9% in 2016-17
Mumbai: India’s GDP can grow by 7.9 per cent next fiscal if the monsoon is normal and government implements the reform measures announced so far, domestic rating agency Crisil said on Friday, according to a report published in profit.ndtv.com. The growth forecast, highest by any house and even above the government’s own estimate of 7-7.75 per cent, has been arrived
