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Malabar Gold & Diamonds receives Gemfield’s ‘Retail Jeweller India Award

Author: unknown - Published 18-08-2017 13:36 - ( Reads)
Malabar Gold & Diamonds, one of India’s top jewelry retailers, received “Retail Jeweller India Award” for its special contributions to the gem and jewelry industry. M.P. Ahammed, chairman of Malabar Group, received the prestigious Gemfield’s Retail Jeweller India Award

Gold futures rise to Rs 29,270 per 10 gm

Author: unknown - Published 18-08-2017 13:34 - ( Reads)
Gold prices were up by Rs 56 to Rs 29,270 per 10 grams at the futures trade as speculators raised their bets amid a firm global trend.

Gem Diamonds mulls sale of halted Botswana mine as half-year revenue falls

Author: Cecilia Jamasmie - Published 17-08-2017 13:59 - ( Reads)
Africa-focused Gem Diamonds (LON:GEMD) said Thursday it has received an acquisition offer for its Ghaghoo mine in Botswana, which it discontinued earlier in the year due to a decline in prices

Rapaport Weekly Market Comment

Author: unknown - Published 17-08-2017 13:54 - ( Reads)
Diamond trading slow ahead of Belgium and Israel dealers’ return from vacation next week (August 21). Focus shifting to China, with rising expectations for September Hong Kong Show. Improving Chinese demand for branded, ethically sourced products as Chow Tai Fook launches traceable T Mark collection. US demand steady, with jewelers avoiding unnecessary inventory and taking goods on memo. Rough market cooling. Stornoway Diamond 2Q profit -60% to $1.8M from revenue of $33M. Alrosa July rough sales subdued at $286M, maintains 39M ct. production plan after Mir mine flood. Birks Group sells Mayor’s Jewelers to Aurum Holdings for $105M. Authentic Brands Group buys stake in Neil Lane

Government bans export of gold items above 22-carat purity

Author: unknown - Published 17-08-2017 12:45 - ( Reads)
The government has banned exports of gold jewellery, medallions and other articles above 22- carat purity in a bid to check round tripping of the precious metal.

Jewellery industry can register 10% growth this fiscal

Author: unknown - Published 17-08-2017 06:55 - ( Reads)
Despite a slight slowdown in the purchase of gold ornaments after GST rollout, the jewellery industry will register a 10 per cent growth in the current fiscal, an official of a leading jewellery brand said on Thursday.

Lucapa finds more large diamonds at Lulo

Author: unknown - Published 17-08-2017 04:19 - ( Reads)
Lucapa Diamond has recovered more large diamonds from the Lulo Diamond project in Angola.

World's Second Largest Uncut Diamond Is Officially Too Big To Sell

Author: Trevor Nace - Published 14-08-2017 01:33 - ( Reads)
It appears some diamonds are too big to sell. At least, this is the case for the world's largest currently uncut diamond (2nd in history), which didn't meet the minimum bid price during a recent auction at Sotheby's.

Silver futures climb to Rs 39,804 per kg

Author: unknown - Published 11-08-2017 13:16 - ( Reads)
Silver prices went up by Rs 105 to Rs 39,804 per kg at futures trading today as speculators widened positions amid a firm trend in precious metals overseas.
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