Gold prices rise to near five-month high

Author: unknown - Published 07-12-2018 15:39 - ( Reads)
In global markets, gold rebounded on Thursday to a near five-month peak as the dollar declined amid expectations of a slowdown in the pace of US interest rate hikes, with investors seeking refuge in the bullion from a sell-off in global stocks. Spot gold rose 0.26% to $1,240.72 per ounce

Rapaport Weekly Market Comment

Author: unknown - Published 06-12-2018 15:47 - ( Reads)
Market focused on jewelry retail as Christmas approaches. Brands targeting female self-purchasers and enhancing omni-channel platforms to drive growth. Diamond market stable. November 1 ct. RAPI +0.6%, supported by US holiday demand and preparations for Chinese New Year.

24ct. Diamond Beats Estimate at Bonhams

Author: unknown - Published 06-12-2018 15:44 - ( Reads)
The step-cut, D-color, internally flawless piece sold for $98,194 per carat, beating its presale estimate of $1.7 million to $2.3 million, the UK company said.

Bulgari Blue Fetches $18M at Christie’s

Author: unknown - Published 06-12-2018 15:43 - ( Reads)
A Bulgari diamond ring surpassed its estimate at Christie’s in New York on Wednesday, bringing in more than $18 million.

Sales Rise at India’s Asian Star

Author: unknown - Published 04-12-2018 15:42 - ( Reads)
Sales and profit grew at Indian diamond manufacturer Asian Star in the second fiscal quarter amid improved jewelry exports and a strong performance at its Dubai trading unit.

GJEPC Organises First India Jewellery Buyer Seller Meet in Kolkata

Author: unknown - Published 04-12-2018 15:36 - ( Reads)
The Gem and Jewellery Export Promotion Council (GJEPC) organized a two-day India Jewellery Buyer-Seller Meet on December 4 and 5, 2018, in Kolkata among leading jewelers from participating countries like Bangladesh, Bahrain, Kuwait, Malaysia, Singapore, UAE, UK and USA. This initiative aims to offer a gateway to a huge potential market, which will further boost the bilateral investment and trade opportunities with a fresh vigour.

Man-made diamonds—soon in a store near you

Author: Sitanshi Talati-Parikh - Published 02-12-2018 15:46 - ( Reads)
The (Red) Diamond, a man-made all-diamond ring with no metal, will be auctioned by Sotheby’s, expecting to raise between $150,000-250,000 (around ₹1-1.7 crore). While the solid sparkling block—which is expected to have an unprecedented 2,000-3,000 facets—has been created by the Diamond Foundry, a San Francisco-based start-up that counts actor Leonardo DiCaprio among its investors and is designed in part by Jony Ive, Apple’s chief design officer, it is the auction house which lends authenticity to the hitherto contested diamond form

Gold prices fall for third day, silver rates drop

Author: unknown - Published 30-11-2018 12:16 - ( Reads)
Gold prices fell today for the third day in a row, declining a combined Rs 375 per 10 grams over three days. Gold rates today fell by Rs 65 to Rs 31,475 per 10 grams

Rapaport Weekly Market Comment

Author: unknown - Published 29-11-2018 12:26 - ( Reads)
Sentiment improves after positive start to holiday season. More people shopped than expected on Thanksgiving weekend, but average spend fell 7% to $313 per consumer, reports NRF.
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