Chetan Kumar Mehta Propels Laxmi Diamonds to the Top
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Platinum is Set to Become the Metal of Choice: Sujala Martis
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The 200-Day Test: Where the Bull Case for Gold and Silver Goes on Trial
Macro Snapshot: The week ending June 26 extended the precious metals selloff to a fifth consecutive week and pushed both gold and silver into the most important long-term technical zone of the broader uptrend: the 200-day exponential moving average. Three macro forces drove the decline, and they did so simultaneously. First, the US-Iran 60-day peace roadmap, formally signed in Switzerland on June 17, continued to remove the geopolitical risk premium that had supported the metals since the February conflict began.
The 200-Day Test: Where the Bull Case for Gold and Silver Goes on Trial
Macro Snapshot: The week ending June 26 extended the precious metals selloff to a fifth consecutive week and pushed both gold and silver into the most important long-term technical zone of the broader uptrend: the 200-day exponential moving average. Three macro forces drove the decline, and they did so simultaneously. First, the US-Iran 60-day peace roadmap, formally signed in Switzerland on June 17, continued to remove the geopolitical risk premium that had supported the metals since the February conflict began.
Top News
De Beers IPO Could Fetch $10 Billion for Anglo
Gaborone: Anglo American Plc, the second-worst performer in the benchmark FTSE 100 this year, could raise more than $10 billion by selling its De Beers diamond business, according to HSBC Holdings Plc. “De Beers would likely attract a premium valuation,” HSBC said in a note to investors Wednesday. “A partial sale through IPO could be, under the right market conditions,
GIA & TCS Notifies Invalidated Grading Reports
Mumbai: Gemological Institute of America (GIA) recently invalidated grading reports for 1042 diamonds after discovering that colour and clarity of these stones were fraudulently altered. Subsequently, they published the list of clients who submitted these stones. Their accounts have also been suspended. “Based on the seriousness of the issue, the Gem & Jewellery Export Promotion Council (GJEPC) and Bharat Diamond
Talks with Temple Trusts for Monetizing Idle Gold
New Delhi: The government has initiated talks with temple trusts for bringing their vast stocks of gold into the financial system through the monetization scheme, reports Hindustan Times. Prime Minister Narendra Modi launched the scheme on November 5, along with sovereign gold bonds and coins, to mobilize an estimated 22,000 tonnes of idle gold lying in family lockers and temples
Global Platinum Demand to Go Down by 5%
Johannesburg: The World Platinum Investment Council (WPIC) has estimated that global demand for platinum jewellery in 2015 at 2,850 thousand ounces (koz) will be 5% lower than the corresponding figure of 2,990 koz in 2014, mainly on account of weak demand in China. The projection was part of its fifth Platinum Quarterly data set which was released recently, based on
De Beers IPO Could Fetch $10 Billion for Anglo
Gaborone: Anglo American Plc, the second-worst performer in the benchmark FTSE 100 this year, could raise more than $10 billion by selling its De Beers diamond business, according to HSBC Holdings Plc. “De Beers would likely attract a premium valuation,” HSBC said in a note to investors Wednesday. “A partial sale through IPO could be, under the right market conditions,
GIA & TCS Notifies Invalidated Grading Reports
Mumbai: Gemological Institute of America (GIA) recently invalidated grading reports for 1042 diamonds after discovering that colour and clarity of these stones were fraudulently altered. Subsequently, they published the list of clients who submitted these stones. Their accounts have also been suspended. “Based on the seriousness of the issue, the Gem & Jewellery Export Promotion Council (GJEPC) and Bharat Diamond
Talks with Temple Trusts for Monetizing Idle Gold
New Delhi: The government has initiated talks with temple trusts for bringing their vast stocks of gold into the financial system through the monetization scheme, reports Hindustan Times. Prime Minister Narendra Modi launched the scheme on November 5, along with sovereign gold bonds and coins, to mobilize an estimated 22,000 tonnes of idle gold lying in family lockers and temples
Global Platinum Demand to Go Down by 5%
Johannesburg: The World Platinum Investment Council (WPIC) has estimated that global demand for platinum jewellery in 2015 at 2,850 thousand ounces (koz) will be 5% lower than the corresponding figure of 2,990 koz in 2014, mainly on account of weak demand in China. The projection was part of its fifth Platinum Quarterly data set which was released recently, based on
