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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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CIBJO Releases Special Coral Report
Milan: With the 2021 Virtual CIBJO Congress already underway, the ninth of this year’s CIBJO Special Reports has been released. Prepared by CIBJO’s Coral Commission, headed by Vincenzo Liverino, the report looks predominantly at research being conducted in the sector, both by gemmologists developing a colour description system, and scientists seeking to revive coral reefs, as well as dating the

Time for Expanding Conflict Diamonds Definition: WDC
Moscow: Speaking to the full assembly of delegates during the Opening Session of the 2021 Kimberley Process (KP) Plenary, World Diamond Council (WDC) President Edward Asscher has reasserted the need for Kimberley Process members to agree to expand the conflict diamond definition in order to support long-term consumer confidence. Mr. Asscher noted that the Plenary was taking place at a

Jewellery Sales of Rs 7,500 Crores on Dhanteras
Mumbai: Jewelers in India saw sales worth Rs 7,500 crores and around 15 tonnes of gold jewellery were sold on the Dhanteras festival. This includes an estimated sale of Rs 1,500 crore in Maharashtra, Rs 1,000 crore in Delhi, Rs 600 crore in Uttar Pradesh and Rs 2,000 crore in South India, besides other states of the country, as per

CIBJO Releases New Retailers Reference Guide
Milan: With the 2021 Virtual CIBJO Congress nearing the end of its first week, the World Jewellery Confederation has launched a new website, which will serve as the platform of the second edition of the CIBJO Retailer’s Reference Guide, the valuable in-store resource for sales staff in retail jewellery outlets. Comprehensively updated, the Guide is being made available in interactive

CIBJO Releases Special Coral Report
Milan: With the 2021 Virtual CIBJO Congress already underway, the ninth of this year’s CIBJO Special Reports has been released. Prepared by CIBJO’s Coral Commission, headed by Vincenzo Liverino, the report looks predominantly at research being conducted in the sector, both by gemmologists developing a colour description system, and scientists seeking to revive coral reefs, as well as dating the

Time for Expanding Conflict Diamonds Definition: WDC
Moscow: Speaking to the full assembly of delegates during the Opening Session of the 2021 Kimberley Process (KP) Plenary, World Diamond Council (WDC) President Edward Asscher has reasserted the need for Kimberley Process members to agree to expand the conflict diamond definition in order to support long-term consumer confidence. Mr. Asscher noted that the Plenary was taking place at a

Jewellery Sales of Rs 7,500 Crores on Dhanteras
Mumbai: Jewelers in India saw sales worth Rs 7,500 crores and around 15 tonnes of gold jewellery were sold on the Dhanteras festival. This includes an estimated sale of Rs 1,500 crore in Maharashtra, Rs 1,000 crore in Delhi, Rs 600 crore in Uttar Pradesh and Rs 2,000 crore in South India, besides other states of the country, as per

CIBJO Releases New Retailers Reference Guide
Milan: With the 2021 Virtual CIBJO Congress nearing the end of its first week, the World Jewellery Confederation has launched a new website, which will serve as the platform of the second edition of the CIBJO Retailer’s Reference Guide, the valuable in-store resource for sales staff in retail jewellery outlets. Comprehensively updated, the Guide is being made available in interactive
