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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
Top News
Belgium Returns Seized Diamonds to Zimbabwe
Antwerp: The final installment of 500,000 carats of seized diamonds with an estimated value of a little under $29 million has finally been returned to Zimbabwe, bringing a complicated dispute to a close. Denying an attempt by a South African mining company to attach diamonds to an unrelated case against the State of Zimbabwe, a Belgian Court of First Instance
43rd Baselworld Ended on a Positive Note
Basel: Baselworld came to an end after 8 days of non-stop activity from March 19th to 26th. Swiss Exhibitors are in a positive mood. Despite a small drop in the number of buyers (-3%), this year’s edition drew a record number of 4,300 media representatives (+7.5%), bringing total attendance to 150,000, in line with last year. Professionals travelled from around
Diamond Miners in Zimbabwe on Looting Spree
Harare: Diamond mining companies operating in Zimbabwe’s Marange diamond fields are reportedly on a last minute looting spree ahead of a loathed mandatory consolidation exercise. As government peruses through various consolidation proposals submitted by seven companies operating in Marange and prepares for an audit, miners are reportedly exploiting the existing loopholes as they await their fate under the new structure.
GJEPC to Launch DDRC with IDI in Surat
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) will soon be launching a Diamond Detection Resource Center (DDRC) at the Indian Diamond Institute, Surat (IDI). The centre will be operated and managed by the IDI, and will be fully equipped to detect synthetic diamonds. Opening of the DDRC will help small and medium enterprises in the city to detect
Belgium Returns Seized Diamonds to Zimbabwe
Antwerp: The final installment of 500,000 carats of seized diamonds with an estimated value of a little under $29 million has finally been returned to Zimbabwe, bringing a complicated dispute to a close. Denying an attempt by a South African mining company to attach diamonds to an unrelated case against the State of Zimbabwe, a Belgian Court of First Instance
43rd Baselworld Ended on a Positive Note
Basel: Baselworld came to an end after 8 days of non-stop activity from March 19th to 26th. Swiss Exhibitors are in a positive mood. Despite a small drop in the number of buyers (-3%), this year’s edition drew a record number of 4,300 media representatives (+7.5%), bringing total attendance to 150,000, in line with last year. Professionals travelled from around
Diamond Miners in Zimbabwe on Looting Spree
Harare: Diamond mining companies operating in Zimbabwe’s Marange diamond fields are reportedly on a last minute looting spree ahead of a loathed mandatory consolidation exercise. As government peruses through various consolidation proposals submitted by seven companies operating in Marange and prepares for an audit, miners are reportedly exploiting the existing loopholes as they await their fate under the new structure.
GJEPC to Launch DDRC with IDI in Surat
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) will soon be launching a Diamond Detection Resource Center (DDRC) at the Indian Diamond Institute, Surat (IDI). The centre will be operated and managed by the IDI, and will be fully equipped to detect synthetic diamonds. Opening of the DDRC will help small and medium enterprises in the city to detect
