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Kristall Production Corporation has announced its Polished Tender No.6...
After successfully clamping down on gold imports to bring the runaway current account deficit under control, the government has set its sights on diamonds, precious and semiprecious stones, and precious metals, which it says are being round-tripped through dutyfree special economic zones (SEZs), with traders illegally creaming off the arbitrage. ...
Snapping its two-day losing trend, gold rebounded by Rs 320 to Rs 31,820 per ten grams in the national capital today on fresh buying by stockists at existing lower levels for the ongoing marriage season.Silver also rose by Rs 450 to Rs 46,450 per kg on increased offtake by industrial units. Traders said fresh buying by stockists and retailers at existing lower levels for the ongoing marriage season amid weakening rupee against dollar led the recovery....
Kochi: The Kerala Jewellers Federation has put in place a new mechanism, called Kerala Gold Board Rate, to determine the daily retail price. The move is an upshot of spurt in smuggling which has spawned a grey market for retail gold. This rate, which will be higher than the market rate determined by a section of jewellers, will depend on the price at which banks supply bullion to jewellers. The board rate, which has come into effect from November 15, is supported by brands such as Malabar, Kalyan and Alukkas. The “white market” will sell only at the new rate that will be announced every day. “We have devised the new ‘official and legal’ pricing mechanism in view of the thriving grey market,” M.P. Ahamed, General Secretary of KJF and Chairman of the Malabar Gold and Diamonds, told Business Line....
Fusion Tenders, in conjunction with I. Hennig & Co., will be holding a rough diamond tender for original 10.80ct+ large single stones, as well as an original full ROM (run-of-mine) production - i.e. melee parcels to large stones. The tender will take place from the 25th - 29th of August 2013 in conjunction with the US & International Diamond Week in Israel, at the Israel Diamond...
The Board of De Beers Société Anonyme is pleased to announce the appointment of Mark Cutifani, Chief Executive of Anglo American plc, as Chairman of the De Beers Group. Following his appointment, Mr Cutifani commented, “I am honoured to join and lead the De Beers Board. The company’s 125 year heritage, experienced management team and unparalleled understanding of the unique nature of the...
As an investment option, jewellery, especially gold jewellery, has been an easier bet to hedge against inflation and other risks. An alluring collection of precious metals like gold and diamond is a safer investment option than cash, stocks and even real estate. Over the last few years, the global economy has been in a state of turmoil, and this has adversely affected many countries across the...