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The Selloff Deepens, but Demand is Answering: Are Gold-Silver Nearing a Floor?
Macro Snapshot: Two events defined the week ending June 12. On Monday June 9, White House officials indicated that US-Iran nuclear negotiations were making positive progress; oil prices dropped immediately, with WTI crude falling approximately 4% to $87.61 and Brent losing 3.5% to $90.92. Then on Tuesday June 10, the Bureau of Labor Statistics released the May CPI: headline inflation accelerated to 4.2% year-on-year, the highest reading since April 2023, up from 3.8% in April. The monthly increase was 0.5%,
The Selloff Deepens, but Demand is Answering: Are Gold-Silver Nearing a Floor?
Macro Snapshot: Two events defined the week ending June 12. On Monday June 9, White House officials indicated that US-Iran nuclear negotiations were making positive progress; oil prices dropped immediately, with WTI crude falling approximately 4% to $87.61 and Brent losing 3.5% to $90.92. Then on Tuesday June 10, the Bureau of Labor Statistics released the May CPI: headline inflation accelerated to 4.2% year-on-year, the highest reading since April 2023, up from 3.8% in April. The monthly increase was 0.5%,
Top News
GIA Plans Melee Screening Service
Ramat Gan: The Gemological Institute of America (GIA) lab will soon have the ability to mass-screen smaller stones to check for synthetics, chief laboratory and research officer Thomas M. Moses said in a speech delivered Aug. 31 at the Israel Diamond Exchange. “Later this year, we will be taking delivery of our first high-speed screening [device] for small diamonds,” Moses
‘Antwerp’s Most Brilliant’ Continues to Grow
Antwerp: In 2013, the City of Antwerp – in collaboration with AWDC, certification body KIWA, Ars Nobilis and FPS Economy – launched the Antwerp’s Most Brilliant (AMB) quality label. This label honors jewelers that continually go the extra yard to provide their customers a reliable and high quality product. Today we can confirm that the label is fully established. The
AGTA Awards Adds New Category for Silver Jewelry
New York: The 2016 AGTA (American Gem Trade Association) Spectrum Awards will feature a new category highlighting silver jewelry. The new category, sponsored by the Silver Promotion Service (SPS), will be called Savor Silver and will honor “exceptionally designed silver jewelry incorporating natural colored gemstones or cultured pearls.” “The SPS is proud to become one of the sponsors of this
Zimbabwe Govt. Urged to Cease Rough Exports
Harare: With preparations being finalized for the Zimbabwe Diamond Technology Centre (ZDTC) to open a cutting and polishing center serving the southern African region, the chairman of ZDTC, Mr. Lovemore Kurotwi, has called for the government to cease exporting rough diamonds in order to maximise profits through beneficiation. He claimed that Zimbabwe was losing millions of dollars and missing out
GIA Plans Melee Screening Service
Ramat Gan: The Gemological Institute of America (GIA) lab will soon have the ability to mass-screen smaller stones to check for synthetics, chief laboratory and research officer Thomas M. Moses said in a speech delivered Aug. 31 at the Israel Diamond Exchange. “Later this year, we will be taking delivery of our first high-speed screening [device] for small diamonds,” Moses
‘Antwerp’s Most Brilliant’ Continues to Grow
Antwerp: In 2013, the City of Antwerp – in collaboration with AWDC, certification body KIWA, Ars Nobilis and FPS Economy – launched the Antwerp’s Most Brilliant (AMB) quality label. This label honors jewelers that continually go the extra yard to provide their customers a reliable and high quality product. Today we can confirm that the label is fully established. The
AGTA Awards Adds New Category for Silver Jewelry
New York: The 2016 AGTA (American Gem Trade Association) Spectrum Awards will feature a new category highlighting silver jewelry. The new category, sponsored by the Silver Promotion Service (SPS), will be called Savor Silver and will honor “exceptionally designed silver jewelry incorporating natural colored gemstones or cultured pearls.” “The SPS is proud to become one of the sponsors of this
Zimbabwe Govt. Urged to Cease Rough Exports
Harare: With preparations being finalized for the Zimbabwe Diamond Technology Centre (ZDTC) to open a cutting and polishing center serving the southern African region, the chairman of ZDTC, Mr. Lovemore Kurotwi, has called for the government to cease exporting rough diamonds in order to maximise profits through beneficiation. He claimed that Zimbabwe was losing millions of dollars and missing out
