Gold coins are selling at a Rs 100 per 10 gram premium since Guru Pushya Nakshatra, one of the most auspicious occasions for buying precious metals in western Indian states.
Due to less supply and rising demand from American and Asian markets on the back of economic recovery, the prices of rough diamonds ('roughs') have risen 50 per cent since July.
Jewellery retailers witnessed a 20 per cent increase in the sale of ornaments during the last fortnight. The rise was due to more consumer footfalls following a 1.6 per cent correction in prices.
Financial Technologies-promoted National Spot Exchange (NSEL) plans to introduce an e-gold conversion facility. This will allow buyers to purchase physical gold in the electronic format, store it in a demat account and convert it into jewellery as and when they wish.
Gurumani have been roundly criticised for booking eye-popping profits on share sales of exercised options.
This low-profile group has a knack for spotting people with an entrepreneurial streak and backing them profitably.
Customers can meet in the Sapphire conference room, put away their valuables in the Topaz locker room and freshen up in the Opal dressing room.
The evolution of Bt created additional value worth Rs 40,000 crore until 2008.
Executives are dusting down the musty corner offices at private banks and spearheading a quiet revolution in the way they function.
Conditions attached by RBI ensure it won't take off, contend experts.
After the crunch period of 2009, the private banking industry, which caters to high net worth individuals, is once again in growth mode.
Gold imports in India are estimated to have declined by 50 per cent to 30 tonnes during June-July.
High prices, individual investors and funds retaining their faith in gold as an alternate investment option also helped in improving the import figures.
Firstsource raised $275 million (around Rs 1,265 crore) through foreign currency convertible bonds in 2007 to fund the acquisition of MedAssist.
Diamond prices fell about 30 per cent last year and had recovered by almost 15 per cent this year. Further recovery is imminent by the end of this year, said Mehul Choksi, chairman of Gitanjali Gems, a leading jewellery manufacturer and retailer, on the sidelines of a seminar organised by the Federation of Indian Chambers of Commerce and Industry in Mumbai on Monday.
Leading diamond jewellery manufacturer and retailer Gitanjali Gems Ltd is entering into real estate business through its maiden residential project at Borivli, in Mumbai's western suburb.
Come December, the Forevermark brand will take on India's leading diamond retailers
Prospective buyers might grumble about skyrocketing gold prices, but the recent run-up in bullion has one group of unexpected beneficiaries - companies who lend against gold.
The spot gold was sold below the landed cost due to the weak demand for the metal.
The six-month moratorium on deep-water drilling in the Gulf of Mexico is likely to delay the deployment of idle rigs by Aban Offshore and impact the day rates for support vessels that companies such as Great Offshore supply.
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