Silver – Reuters reported that Russia's VTB Bank (MCX:VTBR) has started exporting gold and silver bullion to India; the first deliveries have taken place over the past few weeks.
Articles Tagged "india"
Diamond – Rapaport reported that according to the Gem & Jewellery Export Promotion Council, India's October polished diamond exports rose 56 percent from the previous year, to $2.155 billion. That amounts to an 18-percent increase in volume, to 3.623 million carats.
Zinc – Here's a look at the 10 countries that produced the most zinc in 2012, based on numbers from the US Geological Survey.
Diamond – The Times of India reported that there has been a 20-percent drop in demand for diamonds this Diwali, with jewelers across India reporting drops of over 50 percent in demand for diamond jewelry.
Coal – Reuters reported that Indian steel producers are set to begin importing more coal — such producers are waiting for state approval to mine coal on their own, but the investigation into India's coal block allocation process has slowed progress in that arena. The rise in imports could help support prices for the fuel across the globe.
Diamond – Rapaport reported that prices for certified polished diamonds sank 1.7 percent in October because trading volume did not meet expectations for this time of year. Retailers in the United States have been delaying holiday inventory purchases in part due to price uncertainty, while pre-Diwali demand in India was weak.
Diamond – In its weekly report, Rapaport described the news that India is thinking of raising its import duty on polished diamonds from 2 to 5 percent as a "stunning development," noting that doing so would be "shortsighted and damaging to the trade."
Diamond – Business Standard reported that according to a new survey, rising gold prices are causing Indians to instead buy white gold, diamond and platinum jewelry as Dhanteras approaches.
Iron – Reuters reported on Tuesday that a consortium of Indian companies, led by Steel Authority of India, is trying to renegotiate the terms of an iron ore deal with Afghanistan worth up to $10.8 billion.
Coal – The Economic Times reported that India's coal ministry has asked CMPDIL, a consultancy firm, for a report on the reserves of four more coal mines. That means the country's coal block auction likely will take place in March 2014, not December 2013.