The 200-Day Held: Now Comes the Test That Decides Whether the Bounce is a Reversal

Macro Snapshot: The week ending July 3 broke a five-week decline for both gold and silver. Gold posted its first weekly gain since late May and silver led the recovery with a much larger move. The trigger was a weaker-than-expected US jobs report, which reset rate-hike expectations and pushed the dollar to its largest weekly decline since April. Layered underneath were two other significant developments: the release of the World Gold Council’s Mid-Year Outlook on Tuesday July 1 (covered in

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The 200-Day Held: Now Comes the Test That Decides Whether the Bounce is a Reversal

Macro Snapshot: The week ending July 3 broke a five-week decline for both gold and silver. Gold posted its first weekly gain since late May and silver led the recovery with a much larger move. The trigger was a weaker-than-expected US jobs report, which reset rate-hike expectations and pushed the dollar to its largest weekly decline since April. Layered underneath were two other significant developments: the release of the World Gold Council’s Mid-Year Outlook on Tuesday July 1 (covered in

Read More »

Top News

Yoram Dvash will not Run for 3rd Term in IDE Elections

Ramat Gan: Mr. Yoram Dvash, who has been President of the Israel Diamond Exchange (IDE) for the past five years, announced yesterday that he would not stand for a third term in elections that will be held in December 2020. Mr. Dvash said that he would continue his role as President of the World Federation of Diamond Bourses (WFDB), to

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GJEPC to Organise 1st Diamond Jewellery Virtual BSM

Mumbai: After the success of the Virtual Buyer-Seller Meets (VBSM) for Loose Diamonds and Plain Gold Jewellery, India’s Gem and Jewellery Export Promotion Council (GJEPC) is all geared up for the Diamond Studded Jewellery VBSM from 25th – 28th November 2020. Buyers are expected from the UK, the USA, Europe, Australia, New Zealand and Russia. Top diamond jewellery manufacturers from

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WDC’s 2020 AGM Focuses on Latest KP Developments

New York: Members of the World Diamond Council (WDC) assembled for the organization’s Annual General Meeting on October 19, 2020, joined by invited guests, among them representatives of the governments involved in the Kimberley Process and members of civil society. In contrast to previous WDC AGMs, this gathering was not held in person but rather by videoconference, a consequence of

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India’s H1 G&J Exports Drop 43% to $8.48 Billion

Mumbai: India’s overall gross exports of gems and jewellery during April-September 2020 declined 43% to $8.48 billion compared with $14.87 billion in the corresponding period a year ago. In the same six-month period, the overall gross imports of gems and jewellery dropped 52% to $4.23 billion as compared to $8.89 billion in the previous year, reports Gem and Jewellery Export

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Yoram Dvash will not Run for 3rd Term in IDE Elections

Ramat Gan: Mr. Yoram Dvash, who has been President of the Israel Diamond Exchange (IDE) for the past five years, announced yesterday that he would not stand for a third term in elections that will be held in December 2020. Mr. Dvash said that he would continue his role as President of the World Federation of Diamond Bourses (WFDB), to

Read More »

GJEPC to Organise 1st Diamond Jewellery Virtual BSM

Mumbai: After the success of the Virtual Buyer-Seller Meets (VBSM) for Loose Diamonds and Plain Gold Jewellery, India’s Gem and Jewellery Export Promotion Council (GJEPC) is all geared up for the Diamond Studded Jewellery VBSM from 25th – 28th November 2020. Buyers are expected from the UK, the USA, Europe, Australia, New Zealand and Russia. Top diamond jewellery manufacturers from

Read More »

WDC’s 2020 AGM Focuses on Latest KP Developments

New York: Members of the World Diamond Council (WDC) assembled for the organization’s Annual General Meeting on October 19, 2020, joined by invited guests, among them representatives of the governments involved in the Kimberley Process and members of civil society. In contrast to previous WDC AGMs, this gathering was not held in person but rather by videoconference, a consequence of

Read More »

India’s H1 G&J Exports Drop 43% to $8.48 Billion

Mumbai: India’s overall gross exports of gems and jewellery during April-September 2020 declined 43% to $8.48 billion compared with $14.87 billion in the corresponding period a year ago. In the same six-month period, the overall gross imports of gems and jewellery dropped 52% to $4.23 billion as compared to $8.89 billion in the previous year, reports Gem and Jewellery Export

Read More »

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