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Diamond shines as global markets melt

Author: Sutanuka Ghosal - Published 20-03-2020 14:25
In the past one month, the financial and commodity markets across the globe saw a meltdown to multi-year lows due to Covid-19 outbreak. The diamond contract on ICEX gave a 4 per cent return till the close of the markets on March 17.

Gold prices rise today but still down ₹5,000 per 10 gram from recent highs

Author: Surajit Dasgupta - Published 20-03-2020 14:20
Gold prices in India today edged higher but still remained significantly off their recent highs. On MCX, gold futures gained 0.4% to ₹39,996 per 10 gram, extending gains to the second day. But the previous metal is still down about ₹5,000 per 10 gram from its record highs of about ₹45,000, hit earlier this month. Silver also tried to claw back some of its recent losses. Silver futures on MCX rose 2% to ₹35,870, on the back of another 2% gain in the previous session.

Gem Diamonds Tender Prices Drop 18%

Author: unknown - Published 19-03-2020 14:50
Prices at Gem Diamonds’ latest small-stone tender dropped 18% versus its previous sale in November due to the coronavirus pandemic and subsequent economic crisis, the company said Thursday.

New York’s Diamond Dealers Club Closes

Author: unknown - Published 19-03-2020 14:24
New York’s Diamond Dealers Club (DDC) has shut due to the coronavirus outbreak in the US, the organization said in a note to members earlier this week.

Lucapa Finds 64ct. Diamond at Mothae

Author: unknown - Published 19-03-2020 14:21
Lucapa Diamond Company has recovered a 64-carat, high-quality stone from its Mothae mine in Lesotho, it said Wednesday.

Gold, silver jewellery sales down 25% amid coronavirus panic

Author: unknown - Published 18-03-2020 14:22
Following the coronavirus outbreak, the gems and jewellery sector in the country has come to a standstill with retailers managing to do only 20-25 per cent business due to fewer footfalls amid fear of the virus' spread, according to an industry body.

Gold, silver prices crash in biggest fall of recent years

Author: Surajit Dasgupta - Published 14-03-2020 15:46
Gold prices crashed in India, reflecting a similar trend in global markets. On MCX, April gold futures tanked 4.25% or ₹1,800 per 10 gram to ₹40,416 as of Friday’s close. Silver saw a much bigger fall with futures on MCX stumbling 8% or ₹3,679 per kg to ₹40,460. This is quite a reversal in price movement for the precious metals. In India, gold had surged closer to a new high of about ₹45,000 per 10 gram earlier this week. In global markets too prices briefly flirted with $1,700 an ounce on Monday.

Weak Demand Weighs on Alrosa Earnings

Author: unknown - Published 11-03-2020 15:58
A challenging rough market in the first half of the year led to a decline in Alrosa’s profit in 2019, despite a stronger fourth quarter.

Exporters postpone gem and jewellery show to July

Author: unknown - Published 09-03-2020 15:56
The Gems and Jewellery Export Promotion Council (GJEPC) has rescheduled its international gem and jewellery show in Jaipur from April to July on account of coronavirus outbreak.

Sotheby’s Celebrates Jeweler Mellerio

Author: unknown - Published 09-03-2020 15:54
Sotheby’s will hold an exhibition and sale of pieces Parisian jewelry house Mellerio made for royals including Marie Antoinette.
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