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Hawkish Fed Comments on Inflation Landed Right at Both Metals’ Supply Zones, and the Correction Wrote Itself
Macro Snapshot: The correction in gold and silver during the week ending August 28 was a confluence event. Both metals had rallied into well-defined supply zones (gold at ₹162,000-164,000, silver at ₹244,000-248,000) and were showing early signs of exhaustion. Into that setup, the July PCE release on August 26 came in hot on the headline (3.7% year over year against 3.6% consensus), and Federal Reserve Chair Kevin Warsh’s August 28 Jackson Hole address leaned decisively hawkish on inflation. The trigger
Hawkish Fed Comments on Inflation Landed Right at Both Metals’ Supply Zones, and the Correction Wrote Itself
Macro Snapshot: The correction in gold and silver during the week ending August 28 was a confluence event. Both metals had rallied into well-defined supply zones (gold at ₹162,000-164,000, silver at ₹244,000-248,000) and were showing early signs of exhaustion. Into that setup, the July PCE release on August 26 came in hot on the headline (3.7% year over year against 3.6% consensus), and Federal Reserve Chair Kevin Warsh’s August 28 Jackson Hole address leaned decisively hawkish on inflation. The trigger
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De Beers 2022 Revenues Rise 18% To $6.6 Billion
London: De Beers’ total revenue for the full year 2022 increased 18% to $6.6 billion compared with $5.6 billion in 2021. Rough diamond sales in value terms grew 22% to $6.0 billion versus $4.9 billion in 2021, reflecting strong demand for rough diamonds, particularly in the first half of the year, with the midstream replenishing stocks following strong consumer demand
JGTD Attains 20% Growth
Dubai: Jewellery, Gem & Technology in Dubai (JGTD) saw a year-over-year 20% boost in buyer attendance throughout its three-day run, driven by an influx of new and returning buyers from 95 countries and regions. Held from 12 to 14 February at the Dubai World Trade Centre (DWTC), the B2B show is poised to live up to its boundless potential as
GIA India Makes Contribution to GJNRF
Mumbai: As a part of its Corporate Social Responsibility (CSR) initiatives, GIA India Laboratory Private Limited made a contribution to the Gem & Jewellery National Relief Foundation (GJNRF) for the Swasthya Kosh Fund, which provides preventive healthcare through an insurance plan for contracted workers of the gem and jewellery industry. GJNRF is a fund created by the Gem & Jewellery
IIJS Premiere 2023 to be Held at 2 Venues in Mumbai
Mumbai: The India International Jewellery Show(IIJS) Premiere, for the first time in its 39-year old history, will be held at two different venues in Mumbai city – NESCO Goregaon & JIO World. This distinct move highlights the increasing importance of the gem and jewellery industry in both domestic and export trade in India. IIJS Premiere 2023 will witness the industry’s
De Beers 2022 Revenues Rise 18% To $6.6 Billion
London: De Beers’ total revenue for the full year 2022 increased 18% to $6.6 billion compared with $5.6 billion in 2021. Rough diamond sales in value terms grew 22% to $6.0 billion versus $4.9 billion in 2021, reflecting strong demand for rough diamonds, particularly in the first half of the year, with the midstream replenishing stocks following strong consumer demand
JGTD Attains 20% Growth
Dubai: Jewellery, Gem & Technology in Dubai (JGTD) saw a year-over-year 20% boost in buyer attendance throughout its three-day run, driven by an influx of new and returning buyers from 95 countries and regions. Held from 12 to 14 February at the Dubai World Trade Centre (DWTC), the B2B show is poised to live up to its boundless potential as
GIA India Makes Contribution to GJNRF
Mumbai: As a part of its Corporate Social Responsibility (CSR) initiatives, GIA India Laboratory Private Limited made a contribution to the Gem & Jewellery National Relief Foundation (GJNRF) for the Swasthya Kosh Fund, which provides preventive healthcare through an insurance plan for contracted workers of the gem and jewellery industry. GJNRF is a fund created by the Gem & Jewellery
IIJS Premiere 2023 to be Held at 2 Venues in Mumbai
Mumbai: The India International Jewellery Show(IIJS) Premiere, for the first time in its 39-year old history, will be held at two different venues in Mumbai city – NESCO Goregaon & JIO World. This distinct move highlights the increasing importance of the gem and jewellery industry in both domestic and export trade in India. IIJS Premiere 2023 will witness the industry’s
