Two Central Banks, Two Signals: Why the NFP Shock Hit Silver Harder Than Gold

Macro Snapshot: The week ending June 5 belonged to two central banks and one labour number. On Friday June 5, the Reserve Bank of India’s Monetary Policy Committee held the repo rate at 5.25% for the third consecutive meeting, voting unanimously, and raised the FY27 inflation projection by 50 basis points to 5.1%. Hours later, the US Bureau of Labor Statistics released a May nonfarm payrolls print of 172,000 jobs, roughly double the consensus expectation of approximately 85,000. The number

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Two Central Banks, Two Signals: Why the NFP Shock Hit Silver Harder Than Gold

Macro Snapshot: The week ending June 5 belonged to two central banks and one labour number. On Friday June 5, the Reserve Bank of India’s Monetary Policy Committee held the repo rate at 5.25% for the third consecutive meeting, voting unanimously, and raised the FY27 inflation projection by 50 basis points to 5.1%. Hours later, the US Bureau of Labor Statistics released a May nonfarm payrolls print of 172,000 jobs, roughly double the consensus expectation of approximately 85,000. The number

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India’s Rough Imports Inceased by 16.19%

Mumbai: India’s cut & polished diamond exports for month of June 2014 has registered $1,469 million (2,695,000 carats), showing a decrease of 0.66 percent against $1,478.81 million (2,806,000 carats) during June 2013, according to the provisional figures announced by the Gem & Jewellery Export Promotion Council (GJEPC) of India. For the period of April 2014 to June 2014 too, cut

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3 Carat Synthetic Largest-Ever Grown Gem

New York: Pure Grown, the man-made diamond company formerly known as Gemesis, is selling a 3 ct. K SI stone­—which it calls the largest colorless diamond ever produced by nonnatural means, reports jckonline. Lisa Bissell, the Fabrikant veteran recently appointed president and CEO of the company, says that she has every intention of selling the gem, which has a report

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Zimbabwe Imposes Embargo on Rough Export

Harare: The Zimbabwean government has reportedly banned the export of rough diamonds to ensure the country realises maximum value for its gems. NewsDay quoted Mines and Mining Development minister Walter Chidhakwa as saying that the issue was extensively discussed and Cabinet agreed and directed that “we implement the new institutional programme”. He said Harare had recognized that it was “not

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GJF Launches Monthly ‘G&J Times’

Mumbai: The All India Gems and Jewellery Trade Federation (GJF), the national trade federation for the promotion and growth of trade in Gems and Jewellery (G&J) Industry across India, hosted an exciting 6th edition of its signature GJF NITE 2014 in Mumbai. The fun filled, entertaining and musical fashion extravaganza event, presented by R. M. Jewellery and powered by CVM,

Read More »

India’s Rough Imports Inceased by 16.19%

Mumbai: India’s cut & polished diamond exports for month of June 2014 has registered $1,469 million (2,695,000 carats), showing a decrease of 0.66 percent against $1,478.81 million (2,806,000 carats) during June 2013, according to the provisional figures announced by the Gem & Jewellery Export Promotion Council (GJEPC) of India. For the period of April 2014 to June 2014 too, cut

Read More »

3 Carat Synthetic Largest-Ever Grown Gem

New York: Pure Grown, the man-made diamond company formerly known as Gemesis, is selling a 3 ct. K SI stone­—which it calls the largest colorless diamond ever produced by nonnatural means, reports jckonline. Lisa Bissell, the Fabrikant veteran recently appointed president and CEO of the company, says that she has every intention of selling the gem, which has a report

Read More »

Zimbabwe Imposes Embargo on Rough Export

Harare: The Zimbabwean government has reportedly banned the export of rough diamonds to ensure the country realises maximum value for its gems. NewsDay quoted Mines and Mining Development minister Walter Chidhakwa as saying that the issue was extensively discussed and Cabinet agreed and directed that “we implement the new institutional programme”. He said Harare had recognized that it was “not

Read More »

GJF Launches Monthly ‘G&J Times’

Mumbai: The All India Gems and Jewellery Trade Federation (GJF), the national trade federation for the promotion and growth of trade in Gems and Jewellery (G&J) Industry across India, hosted an exciting 6th edition of its signature GJF NITE 2014 in Mumbai. The fun filled, entertaining and musical fashion extravaganza event, presented by R. M. Jewellery and powered by CVM,

Read More »

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