Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

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23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

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16 august 2021

Indian gold coins will be soon available at India Post

08 april 2016
MMTC, the Indian government agency handling marketing of the first such national coins, is likely to enter into an agreement with India Post shortly for the purpose. The Indian gold coins may soon be available across the country.
While Indian Overseas Bank has started distributing these coins through limited branches, talks are on with the State Bank of India, UCO bank and ICICI Bank to sell these coins that carry Ashoka Chakra on one side and Gandhiji's logo on the other side. MMTC's initiative comes at a time when gold prices increased 16.2% in the first three months of the year, the biggest quarterly rise since 1986.
"The coins were being initially minted at the government mint in Mumbai. Now the Kolkata mint has also started producing these coins," an official said. The coins are available in 5 gm and 10 gm options, along with a 20 gm bar. The 24-carat coins and bar come with 999 purity.
The government has also allowed MMTC to use the gold that is being deposited under the Gold Monetisation Scheme, mostly from temples, for minting the Indian Gold Coins.

Aruna Gaitonde, Editor in Chief of Asian Bureau, Rough&Polished