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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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

Read More »

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PGI Partners with Oxfam to Uplift Lives OF Workers

Mumbai: The COVID19 situation has caused unprecedented challenges in India as well as globally and has left many reeling from its impact. It has been particularly harsh on certain marginalized sections of our community such as the migrant workers. Taking a step towards helping the migrant workers, Platinum Guild India has joined hands with Oxfam India, launching the “Platinum Season of Hope”

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Info Guide to Lab Grown Diamonds Published

New York: Gem and jewellery industry experts Mr. Dusan Simic and Mr. Branko Deljanin have completed the 3rd edition of their best-selling book Laboratory-Grown Diamonds – Information guide to HPHT and CVD-grown diamonds. Mr. Simic and Mr. Deljanin, diamond researchers with over 50 years combined experience in the trade, are internationally recognized as authorities on diamonds. They specialize in the

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Industry Elects New AWDC Board Members

Antwerp: The Antwerp World Diamond Centre (AWDC) has announced the appointment of six new Board Members representing the trade on the Board of Directors. In the past two days, the Antwerp diamond community participated in Covid-19 safe elections at the AWDC’s building, choosing two representatives among their peers of small, medium-sized and large companies, as voters and candidates are divided

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India Issues Notification about KP Certificates

Mumbai: The Directorate General of Foreign Trade (DGFT), Government of India, issued a notification dated 28th September permitting the amendment of technical nature, typographical errors or errors apparent on the face of records in KP Certificate based on SOP and validated by Gem & Jewellery Export Promotion Council (GJEPC). The amended policy condition shall also be applicable to pending imports of rough diamonds. Mr. Colin Shah,

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PGI Partners with Oxfam to Uplift Lives OF Workers

Mumbai: The COVID19 situation has caused unprecedented challenges in India as well as globally and has left many reeling from its impact. It has been particularly harsh on certain marginalized sections of our community such as the migrant workers. Taking a step towards helping the migrant workers, Platinum Guild India has joined hands with Oxfam India, launching the “Platinum Season of Hope”

Read More »

Info Guide to Lab Grown Diamonds Published

New York: Gem and jewellery industry experts Mr. Dusan Simic and Mr. Branko Deljanin have completed the 3rd edition of their best-selling book Laboratory-Grown Diamonds – Information guide to HPHT and CVD-grown diamonds. Mr. Simic and Mr. Deljanin, diamond researchers with over 50 years combined experience in the trade, are internationally recognized as authorities on diamonds. They specialize in the

Read More »

Industry Elects New AWDC Board Members

Antwerp: The Antwerp World Diamond Centre (AWDC) has announced the appointment of six new Board Members representing the trade on the Board of Directors. In the past two days, the Antwerp diamond community participated in Covid-19 safe elections at the AWDC’s building, choosing two representatives among their peers of small, medium-sized and large companies, as voters and candidates are divided

Read More »

India Issues Notification about KP Certificates

Mumbai: The Directorate General of Foreign Trade (DGFT), Government of India, issued a notification dated 28th September permitting the amendment of technical nature, typographical errors or errors apparent on the face of records in KP Certificate based on SOP and validated by Gem & Jewellery Export Promotion Council (GJEPC). The amended policy condition shall also be applicable to pending imports of rough diamonds. Mr. Colin Shah,

Read More »

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