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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GJEPC-World Gold Council Felicitate ‘Kohinoors of India’

Mumbai: Celebrating the humane side of the Indian G&J Industry, Gems & Jewellery Export Promotion Council (GJEPC) in association with the World Gold Council (WGC) felicitated the real heroes of the Industry for their exemplary Contribution towards Society during COVID-19. This was an event witnessed for the very first time via a Virtual Musical Extravaganza where the spirits & undying

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GJEPC Meets Partners for Enhancing Global Market

Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) organised a meeting with its Global Partners on 12th August 2020 to have discussion over widening India’s  global market reach when it comes to exports of gems and jewellery.  Among the 19 participants were the Council’s coordinators for key global markets including USA, Europe, Russia, CIS Middle East, Oceania, Japan and

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India’s G&J Exports Declined by 38% in July 2020

Mumbai: India’s overall gross exports of gems and jewellery (G&J) in the month of July this year declined by around 38% to $1.36 billion, compared to $2.19 billion in July 2019, due to the global economic slowdown caused by the Covid pandemic, as per data provided by Gem and Jewellery Export Promotion Council (GJEPC). For the April-July 2020 period through,

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First Virtual World Diamond Congress from 14th Sept.

Antwerp: The World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers’ Association (IDMA) have announced that the next World Diamond Congress will be held in a virtual format on September 14 – 15, 2020. The 39th World Diamond Congress, a biennial gathering of the WFDB and IDMA, was originally planned to be held in Hong Kong in November 2020, but

Read More »

GJEPC-World Gold Council Felicitate ‘Kohinoors of India’

Mumbai: Celebrating the humane side of the Indian G&J Industry, Gems & Jewellery Export Promotion Council (GJEPC) in association with the World Gold Council (WGC) felicitated the real heroes of the Industry for their exemplary Contribution towards Society during COVID-19. This was an event witnessed for the very first time via a Virtual Musical Extravaganza where the spirits & undying

Read More »

GJEPC Meets Partners for Enhancing Global Market

Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) organised a meeting with its Global Partners on 12th August 2020 to have discussion over widening India’s  global market reach when it comes to exports of gems and jewellery.  Among the 19 participants were the Council’s coordinators for key global markets including USA, Europe, Russia, CIS Middle East, Oceania, Japan and

Read More »

India’s G&J Exports Declined by 38% in July 2020

Mumbai: India’s overall gross exports of gems and jewellery (G&J) in the month of July this year declined by around 38% to $1.36 billion, compared to $2.19 billion in July 2019, due to the global economic slowdown caused by the Covid pandemic, as per data provided by Gem and Jewellery Export Promotion Council (GJEPC). For the April-July 2020 period through,

Read More »

First Virtual World Diamond Congress from 14th Sept.

Antwerp: The World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers’ Association (IDMA) have announced that the next World Diamond Congress will be held in a virtual format on September 14 – 15, 2020. The 39th World Diamond Congress, a biennial gathering of the WFDB and IDMA, was originally planned to be held in Hong Kong in November 2020, but

Read More »

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