We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
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
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
Top News
GJC Condemns Harassment of Jewellers by Officials
Mumbai: The All India Gem and Jewellery Domestic Council (GJC) has condemned harassment of jewellers by Government officials in the pre-festival period. Several incidents across States have come to light wherein the police (including RPF), Income Tax officials and GST officials have conducted illegal raids on jewellers, especially the small and medium sized players, and caused mental torture and harassment
IDMA Concludes World Diamond Congress in Mumbai
Mumbai: IDMA and its sister organization the World Federation of Diamond Bourses (WFDB) concluded the 38th World Diamond Congress that was held in Mumbai, India, from October 23 to 25. The Congress is the biennial gathering of the WFDB and IDMA. IDMA President Ronnie VanderLinden said that during the two days of intensive deliberations the changing landscape of diamond manufacturing
This Diwali Start a New Ritual with Rare Platinum
Mumbai: When traditions demand buying a precious metal, shouldn’t it be the rarest? Mark a new beginning this Diwali with rare and precious platinum. Being rarer than gold and 95% pure, the naturally occurring luminescent white metal symbolizes purity, wealth, power and strength making it an ideal choice for an auspicious start. It also makes for the choicest of gifts
Gold Demand Remains Steady in Q3: WGC
Mumbai: Global gold demand was steady in Q3 2018 at 964 tonnes (t), up just 6t year-on-year according to the World Gold Council’s (WGC) latest Gold Demand Trends report. Robust central bank buying and a 13% rise in consumer demand offset large outflows in gold-backed exchange-traded funds (ETFs). Lower gold prices saw retail investors take refuge in bars and coins, while
GJC Condemns Harassment of Jewellers by Officials
Mumbai: The All India Gem and Jewellery Domestic Council (GJC) has condemned harassment of jewellers by Government officials in the pre-festival period. Several incidents across States have come to light wherein the police (including RPF), Income Tax officials and GST officials have conducted illegal raids on jewellers, especially the small and medium sized players, and caused mental torture and harassment
IDMA Concludes World Diamond Congress in Mumbai
Mumbai: IDMA and its sister organization the World Federation of Diamond Bourses (WFDB) concluded the 38th World Diamond Congress that was held in Mumbai, India, from October 23 to 25. The Congress is the biennial gathering of the WFDB and IDMA. IDMA President Ronnie VanderLinden said that during the two days of intensive deliberations the changing landscape of diamond manufacturing
This Diwali Start a New Ritual with Rare Platinum
Mumbai: When traditions demand buying a precious metal, shouldn’t it be the rarest? Mark a new beginning this Diwali with rare and precious platinum. Being rarer than gold and 95% pure, the naturally occurring luminescent white metal symbolizes purity, wealth, power and strength making it an ideal choice for an auspicious start. It also makes for the choicest of gifts
Gold Demand Remains Steady in Q3: WGC
Mumbai: Global gold demand was steady in Q3 2018 at 964 tonnes (t), up just 6t year-on-year according to the World Gold Council’s (WGC) latest Gold Demand Trends report. Robust central bank buying and a 13% rise in consumer demand offset large outflows in gold-backed exchange-traded funds (ETFs). Lower gold prices saw retail investors take refuge in bars and coins, while
