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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
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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CIBJO to Unveil Responsible Sourcing Blue Book
Milan: CIBJO President Gaetano Cavalieri will present the World Jewellery Confederations’ recently approved Responsible Sourcing Blue Book next Tuesday, April 23, 2019, to the full plenary of the 2019 Forum on Responsible Mineral Supply Chains, organised by the Organisation for Economic Cooperation and Development (OECD) at its headquarters in Paris. The OECD forum, which this year will welcome about 1,200 delegates, will
Russia to Sell LGD Jewellery in Separate Windows
Moscow: The Finance Ministry of Russian Federation has prepared a draft under which jewellery featuring artificial materials having the characteristics of natural stones should be displayed in separate windows, according to Interfax. The decree states that the windows with such jewellery should be marked with a note saying “Jewelry and other articles featuring materials of artificial origin”. Lab-grown diamonds have
India Gemstone Week Opens in Jaipur
Jaipur: India’s Gem & Jewellery Export Promotion Council (GJEPC) opened the 6th edition of “India Gemstone Week” in Jaipur yesterday. The event was inaugurated by Mr. Pramod Kumar Agrawal, Chairman, GJEPC; Mr. Nirmal Bardia, Regional Chairman, Mr. Vijay Kedia, Co-convener, Coloured Gemstones Panel, Mr. Sabyasachi Ray, Executive Director, along with International buyers and exhibitors from India. Mr. Pramod Kumar Agrawal,
GJC Complains EC about Enforcement Agencies
Mumbai: With the code of conduct in place, the jewellery sector in India has become one of the soft targets of the law enforcement agencies. Despite having all the necessary documents and papers, seizure and daily obstacles in the movement of jewellery has become a new norm in the jewellery business across the country. In one such incident, the local
CIBJO to Unveil Responsible Sourcing Blue Book
Milan: CIBJO President Gaetano Cavalieri will present the World Jewellery Confederations’ recently approved Responsible Sourcing Blue Book next Tuesday, April 23, 2019, to the full plenary of the 2019 Forum on Responsible Mineral Supply Chains, organised by the Organisation for Economic Cooperation and Development (OECD) at its headquarters in Paris. The OECD forum, which this year will welcome about 1,200 delegates, will
Russia to Sell LGD Jewellery in Separate Windows
Moscow: The Finance Ministry of Russian Federation has prepared a draft under which jewellery featuring artificial materials having the characteristics of natural stones should be displayed in separate windows, according to Interfax. The decree states that the windows with such jewellery should be marked with a note saying “Jewelry and other articles featuring materials of artificial origin”. Lab-grown diamonds have
India Gemstone Week Opens in Jaipur
Jaipur: India’s Gem & Jewellery Export Promotion Council (GJEPC) opened the 6th edition of “India Gemstone Week” in Jaipur yesterday. The event was inaugurated by Mr. Pramod Kumar Agrawal, Chairman, GJEPC; Mr. Nirmal Bardia, Regional Chairman, Mr. Vijay Kedia, Co-convener, Coloured Gemstones Panel, Mr. Sabyasachi Ray, Executive Director, along with International buyers and exhibitors from India. Mr. Pramod Kumar Agrawal,
GJC Complains EC about Enforcement Agencies
Mumbai: With the code of conduct in place, the jewellery sector in India has become one of the soft targets of the law enforcement agencies. Despite having all the necessary documents and papers, seizure and daily obstacles in the movement of jewellery has become a new norm in the jewellery business across the country. In one such incident, the local
