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 Tariff Lag Effect: Why MCX Prices are Still Below
The week ending May 22 was the digestion week. After the policy shock of the previous week (the steepest gold import duty hike on record, a record-low rupee, and a tightening of the Advance Authorisation scheme), price action paused. MCX gold gained just 0.1%, silver was essentially flat. COMEX gold and silver both declined modestly, by 0.8% and 1.7% respectively. The week’s headline numbers reveal almost nothing about what is actually happening in the Indian gold market right now. The
The Tariff Lag Effect: Why MCX Prices are Still Below
The week ending May 22 was the digestion week. After the policy shock of the previous week (the steepest gold import duty hike on record, a record-low rupee, and a tightening of the Advance Authorisation scheme), price action paused. MCX gold gained just 0.1%, silver was essentially flat. COMEX gold and silver both declined modestly, by 0.8% and 1.7% respectively. The week’s headline numbers reveal almost nothing about what is actually happening in the Indian gold market right now. The
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Rough October Fest at IDE Announced
Ramat Gan: The Israel Diamond Exchange (IDE) will be hosting multiple rough diamond tenders and sales events during the month of October, in the Ramat Gan diamond trading complex. In addition to rough diamond tenders and auctions held by Rio Tinto, De Beers Auction Sales and Tzoffey’s 1818, a ‘Blue-White’ Diamond Dealing Day will be held in the IDE trading
China's Appetite for Diamonds has Waned: Rio
New York: ‘China’s appetite for diamonds has waned recently alongside the volatility in the country’s stock market’, said Jean-Marc Leiberherr, managing director of Rio Tinto’s diamond division in an interview this week as reported in The Wall Street Journal. “We see that people are postponing their nonessential purchases and avoid buying overly conspicuous goods,” he said. While China is still
India to Launch Sovereign Gold Coins
New Delhi: Move over gold coins with images of the queen of England. Come Gandhi Jayanti, Indians can lap up their very own sovereign gold coins, adorned with the image of the Ashok Chakra, reports Indian Express. The government has decided to launch the sovereign gold coin from October 2 so that people can easily take advantage of it during
Hope Spinel Sold for Record Price
London: A rare British-owned gemstone steeped in history and intrigue sold for a record price of $30,000 per carat yesterday at Bonhams Fine Jewelry sale in London. The previous world record price per carat for a faceted Spinel was $16,000 which was set in 2013. This exceptional gem was bought by a private telephone bidder. The Hope Spinel was part
Rough October Fest at IDE Announced
Ramat Gan: The Israel Diamond Exchange (IDE) will be hosting multiple rough diamond tenders and sales events during the month of October, in the Ramat Gan diamond trading complex. In addition to rough diamond tenders and auctions held by Rio Tinto, De Beers Auction Sales and Tzoffey’s 1818, a ‘Blue-White’ Diamond Dealing Day will be held in the IDE trading
China's Appetite for Diamonds has Waned: Rio
New York: ‘China’s appetite for diamonds has waned recently alongside the volatility in the country’s stock market’, said Jean-Marc Leiberherr, managing director of Rio Tinto’s diamond division in an interview this week as reported in The Wall Street Journal. “We see that people are postponing their nonessential purchases and avoid buying overly conspicuous goods,” he said. While China is still
India to Launch Sovereign Gold Coins
New Delhi: Move over gold coins with images of the queen of England. Come Gandhi Jayanti, Indians can lap up their very own sovereign gold coins, adorned with the image of the Ashok Chakra, reports Indian Express. The government has decided to launch the sovereign gold coin from October 2 so that people can easily take advantage of it during
Hope Spinel Sold for Record Price
London: A rare British-owned gemstone steeped in history and intrigue sold for a record price of $30,000 per carat yesterday at Bonhams Fine Jewelry sale in London. The previous world record price per carat for a faceted Spinel was $16,000 which was set in 2013. This exceptional gem was bought by a private telephone bidder. The Hope Spinel was part
