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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
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
Largest Fancy Purplish Red Diamond by Rio Tinto
Mumbai: Rio Tinto’s iconic Argyle Pink Diamonds Tender is being showcased to connoisseurs and collectors from across Asia in Hong Kong. Headlining the 2018 collection of 63 pink, red and violet diamonds is The Argyle Muse™, a 2.28 carat polished oval diamond, the largest purplish red diamond ever offered at Tender. With an unrivalled potency of colour The Argyle Muse™
94 Indian Cos Participating in HK Jewellery & Gem Fair
Mumbai: India Pavilion at the September Hong Kong Jewellery & Gem Fair, would be represented by 94 leading Indian manufacturers/exhibitors showcasing their strength and skill in manufacturing world class gems and jewellery. Hong Kong has been the largest export market for the Indian Gem & Jewellery industry, and this platform has provided the requisite opportunity to take its exports further over the
RZ Murowa Holdings Ltd. Joins DPA
Mumbai: The Diamond Producers Association (DPA) has announced that RZ Murowa Holdings Ltd., majority owner and operator of Murowa Diamonds Private Ltd. (“Murowa Diamonds”), has joined the DPA, effective 1 July. Murowa Diamonds operates the Murowa mine in Zimbabwe, which was purchased from Rio Tinto in 2015 and expanded significantly under its new leadership. Manit M. Shah, Chief Operating Officer
Global Diamond Jewellery Sales Reach Record High
Mumbai: The Millennial and Gen Z generations combined accounted for two-thirds of global diamond jewellery sales in 2017, as diamond jewellery demand reached a new record high of US$82 billion, according to data published today by De Beers Group in its latest Diamond Insight Report. Millennials, those people currently aged 21 to 39, represent 29 per cent of the world’s population and
Largest Fancy Purplish Red Diamond by Rio Tinto
Mumbai: Rio Tinto’s iconic Argyle Pink Diamonds Tender is being showcased to connoisseurs and collectors from across Asia in Hong Kong. Headlining the 2018 collection of 63 pink, red and violet diamonds is The Argyle Muse™, a 2.28 carat polished oval diamond, the largest purplish red diamond ever offered at Tender. With an unrivalled potency of colour The Argyle Muse™
94 Indian Cos Participating in HK Jewellery & Gem Fair
Mumbai: India Pavilion at the September Hong Kong Jewellery & Gem Fair, would be represented by 94 leading Indian manufacturers/exhibitors showcasing their strength and skill in manufacturing world class gems and jewellery. Hong Kong has been the largest export market for the Indian Gem & Jewellery industry, and this platform has provided the requisite opportunity to take its exports further over the
RZ Murowa Holdings Ltd. Joins DPA
Mumbai: The Diamond Producers Association (DPA) has announced that RZ Murowa Holdings Ltd., majority owner and operator of Murowa Diamonds Private Ltd. (“Murowa Diamonds”), has joined the DPA, effective 1 July. Murowa Diamonds operates the Murowa mine in Zimbabwe, which was purchased from Rio Tinto in 2015 and expanded significantly under its new leadership. Manit M. Shah, Chief Operating Officer
Global Diamond Jewellery Sales Reach Record High
Mumbai: The Millennial and Gen Z generations combined accounted for two-thirds of global diamond jewellery sales in 2017, as diamond jewellery demand reached a new record high of US$82 billion, according to data published today by De Beers Group in its latest Diamond Insight Report. Millennials, those people currently aged 21 to 39, represent 29 per cent of the world’s population and
