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 »

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De Beers Okays Construction of New Diamond Vessel

Windhoek: Debmarine Namibia, a 50/50 joint venture between the Government of the Republic of Namibia and De Beers Group, announced yesterday that its Board of Directors have approved the construction of the world’s first ever custom-built diamond recovery vessel. The new vessel is expected to cost US$468 million (N$7 billion) and represents the largest ever single investment in the marine

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India Maintains Double Digit Growth in Platinum

London: Platinum’s natural white lustre and legendary grip on the world’s most precious gems has ensured its position as the precious metal of choice for fine jewellery from the moment King Louis XVI of France declared it “the only metal fit for kings”. These timeless qualities, together with the allure of a metal that is thirty times rarer than gold,

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New Booth Design & Guidelines for IIJS 2019 by GJEPC

Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) recently introduced the new booth design for shell scheme exhibitors and structural norms for Mezzanine booths for participants at the 36th edition of IIJS Premiere 2019 during a special Exhibitor Meet in Mumbai. The welcome address for the meet was given by Mr. Shamal Pote, the newly appointed Director – National

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Global Platinum Jewellery Demand Down 7% in Q1

London: Demand for platinum jewellery across the world in the three-month period ended on March 31, 2019 (Q1) fell by 45 koz, or 7% year-on-year to 560 koz due to a continued decline in Chinese demand, mitigated by a rise in all other regions, the World Platinum Investment Council (WPIC) said today in the latest edition of its Platinum Quarterly.

Read More »

De Beers Okays Construction of New Diamond Vessel

Windhoek: Debmarine Namibia, a 50/50 joint venture between the Government of the Republic of Namibia and De Beers Group, announced yesterday that its Board of Directors have approved the construction of the world’s first ever custom-built diamond recovery vessel. The new vessel is expected to cost US$468 million (N$7 billion) and represents the largest ever single investment in the marine

Read More »

India Maintains Double Digit Growth in Platinum

London: Platinum’s natural white lustre and legendary grip on the world’s most precious gems has ensured its position as the precious metal of choice for fine jewellery from the moment King Louis XVI of France declared it “the only metal fit for kings”. These timeless qualities, together with the allure of a metal that is thirty times rarer than gold,

Read More »

New Booth Design & Guidelines for IIJS 2019 by GJEPC

Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) recently introduced the new booth design for shell scheme exhibitors and structural norms for Mezzanine booths for participants at the 36th edition of IIJS Premiere 2019 during a special Exhibitor Meet in Mumbai. The welcome address for the meet was given by Mr. Shamal Pote, the newly appointed Director – National

Read More »

Global Platinum Jewellery Demand Down 7% in Q1

London: Demand for platinum jewellery across the world in the three-month period ended on March 31, 2019 (Q1) fell by 45 koz, or 7% year-on-year to 560 koz due to a continued decline in Chinese demand, mitigated by a rise in all other regions, the World Platinum Investment Council (WPIC) said today in the latest edition of its Platinum Quarterly.

Read More »

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