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Gold and Silver Ran 5% Despite a Hawkish Fed. Are Markets Repricing Fiscal Risk?
Macro Snapshot: The week ending August 21 was defined by two opposing forces. On Tuesday the 30-year Treasury yield touched 5.34%, its highest reading since 2007. On Wednesday the Treasury Department announced it would at least double its liquidity-support buybacks of 10 to 30-year securities; hours later, FOMC minutes from July 28 to 29 showed many participants judged further tightening would likely be necessary if inflation did not decline. On the same day, US federal debt crossed $40 trillion, only
Gold and Silver Ran 5% Despite a Hawkish Fed. Are Markets Repricing Fiscal Risk?
Macro Snapshot: The week ending August 21 was defined by two opposing forces. On Tuesday the 30-year Treasury yield touched 5.34%, its highest reading since 2007. On Wednesday the Treasury Department announced it would at least double its liquidity-support buybacks of 10 to 30-year securities; hours later, FOMC minutes from July 28 to 29 showed many participants judged further tightening would likely be necessary if inflation did not decline. On the same day, US federal debt crossed $40 trillion, only
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Bitcoin Tech Used to Combat Diamond Fraud
London: A new fraud detection company called Everledger is utilizing Bitcoin blockchain technology to prevent insurance fraud. How will they do it? The company focuses on 40 metadata points in addition to the 4Cs (color, cut, clarity and carat weight) that identify a diamond. Laboratory houses digitize a diamond on the basis of these parameters and Everledger then takes the
World’s 1st Electronic Exchange for Diamond Market
Singapore: Singapore Diamond Investment Exchange Pte Ltd (SDiX) announced recently the upcoming launch of the world’s first commodities exchange in physically settled diamonds in Singapore, targeted to go ‘live’ in September 2015. The SDiX platform, the first of its kind globally, will utilize proven exchange technology to create a new marketplace for the global diamond trade, and is designed to
Namibia Establishing New Sales-Marketing Co.
Windhoek: Namibia is setting up new diamond sales and marketing company, according to reports in the Namibian press. The new company is called /Nore /Uis and was revealed by the country’s Minister of Mines and Energy Obed Kandjoze, reported New Era. The move follows a change in the sales and marketing agreement between the Namibian government and De Beers, which
The Top 10 Wealthiest Jewellers in India
Mumbai: T. S. Kalayanaraman, the chairman and managing director of Kalyan Jewellers, claimed the top spot on a Wealth-X list of India’s wealthiest jewellers released today with a personal fortune of US$1.3 billion. Kalayanaraman opened his first jewellery shop in Thrissur City in 1993 with only US$100,000 of capital, and his business has since expanded to 32 showrooms across South
Bitcoin Tech Used to Combat Diamond Fraud
London: A new fraud detection company called Everledger is utilizing Bitcoin blockchain technology to prevent insurance fraud. How will they do it? The company focuses on 40 metadata points in addition to the 4Cs (color, cut, clarity and carat weight) that identify a diamond. Laboratory houses digitize a diamond on the basis of these parameters and Everledger then takes the
World’s 1st Electronic Exchange for Diamond Market
Singapore: Singapore Diamond Investment Exchange Pte Ltd (SDiX) announced recently the upcoming launch of the world’s first commodities exchange in physically settled diamonds in Singapore, targeted to go ‘live’ in September 2015. The SDiX platform, the first of its kind globally, will utilize proven exchange technology to create a new marketplace for the global diamond trade, and is designed to
Namibia Establishing New Sales-Marketing Co.
Windhoek: Namibia is setting up new diamond sales and marketing company, according to reports in the Namibian press. The new company is called /Nore /Uis and was revealed by the country’s Minister of Mines and Energy Obed Kandjoze, reported New Era. The move follows a change in the sales and marketing agreement between the Namibian government and De Beers, which
The Top 10 Wealthiest Jewellers in India
Mumbai: T. S. Kalayanaraman, the chairman and managing director of Kalyan Jewellers, claimed the top spot on a Wealth-X list of India’s wealthiest jewellers released today with a personal fortune of US$1.3 billion. Kalayanaraman opened his first jewellery shop in Thrissur City in 1993 with only US$100,000 of capital, and his business has since expanded to 32 showrooms across South
