Alrosa sales rose by 38% y-o-y to $328.7 million in December’18

Diamond News: i. Alrosa sales rose by 38% y-o-y to $328.7 million in December’18. Moreover during December’18, rough-diamond sales increased by 42% to $323.7 million, while polished revenue dropped 47% to... Read more »

Belgian regional authority to invest 2.3 million in a production facility for industrial synthetics

Diamond News: i. A Belgian regional authority has announced to invest 2.3 million in a production facility for industrial synthetics. The investment of the government of Flanders will help India-based Heyaru... Read more »

LIC Mutual Fund launches Short Term Debt Fund

 LIC Mutual Fund announced today the launch of LIC MF Short Term Debt Fund- an open-ended short-term debt fund scheme investing in instruments Macaulay duration between 1 year and... Read more »

Finway launches ‘Credit Inclusion Secured Loan’ to improve the CIBIL scores of defaulters

In line with the Prime Minister’s vision of credit inclusion, Finway has launched its one-of-a-kind product ‘Credit Inclusion Secured Loan’ to offer a second chance to defaulters to improve... Read more »

Prices of semis & finished long steel products fall by INR 100-300/MT

Steel Sector News (Domestic and Global) I. Indian steel prices continued to fall limited inquiries following poor off take in finished steel products on 8th Jan. The through the mid-size... Read more »

Diamond Foundry to hike its production more than tenfold

Diamond News: i. Diamond Foundry has decided to hike its production more than tenfold and raising wholesale prices 15%, as it predicts rise in demand for lab-grown diamonds. It has... Read more »

“Don’t want ANMI, BBF to support 5 accused brokers in NSEL”: Open letter

A few members of Association of National exchanges Members of India (ANMI) and BSE Brokers’ Forum (BBF) have voiced their concerns against the associations supporting the top five brokers... Read more »

Dollar/rupee ended over one-week high Tuesday

Manoj Kumar Jain Director & Head of Commodity Research, IndiaNivesh NiveshDaily Currency Dollar/rupee ended over one-week high Tuesday on buying by nationalized banks likely on behalf of oil importers... Read more »

Market summary for ICEX Steel, Diamond and Rubber future contracts ended on January 8 at 11.55 pm

ICEX Steel future: Physical market at Mandi Gobindgarh  opened at Rs. 33,300  traded in the range of Rs. 33,400 – 33,300/ton and settled at Rs. 33,300/ton. Ghaziabad market traded ... Read more »

Israel’s polished-diamond exports stabilizes in 2018

Diamond News: i. Israel’s polished-diamond exports witnessed stabilizing in 2018 after three years of contractions. According to data published by Ministry of Economy and Industry, shipments slipped 2.5% to... Read more »