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 »

Top News

WDC Committed to Ongoing Changes at 2018 KP

New York: The World Diamond Council (WDC), an industry group focused on preventing conflict diamonds from entering the legitimate global supply chain and protecting the value of natural diamonds, reaffirmed its commitment to driving ongoing positive change through reform at the 2018 KP Intersessional meeting held in Antwerp, Belgium June 18-22. The Intersessional is an annual forum where members gather to

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De Beers Destroying Transparency: Rapaport

Mumbai: De Beers Group is refusing to allow its clients to disclose the legitimacy of diamonds from De Beers. In a Press Release received by G2J, Rapaport claims that all De Beers’ rough diamonds are now opaque. That’s 42% of the world’s legitimate diamond production in 2017, and $14.993 billion of rough diamonds from 2015 through 2017. In a letter

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HRD Antwerp & Russia Sign Cooperation MoU

Antwerp: In the context of the KP Intersessional taking place this week, which has brought the diamond world to Antwerp, the Ministry of Finance of the Russian Federation, represented by the Deputy Minister of Finance of the Russian Federation Aleksey Vladimirovich Moiseev, signed a Memorandum of Understanding (MoU) with HRD Antwerp for the establishment of an HRD Antwerp diamond grading

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Eli Avidar Appointed President of Carats.io

Ramat Gan: The Board of Directors of Carats.io has announced that it has appointed Eli Avidar as president of the company. Mr. Avidar, who served until recently as managing director of the Israel Diamond Exchange and the Israel Diamond Institute, is currently vice president of CIBJO, The World Jewellery Confederation. In the past he held a number of top level

Read More »

WDC Committed to Ongoing Changes at 2018 KP

New York: The World Diamond Council (WDC), an industry group focused on preventing conflict diamonds from entering the legitimate global supply chain and protecting the value of natural diamonds, reaffirmed its commitment to driving ongoing positive change through reform at the 2018 KP Intersessional meeting held in Antwerp, Belgium June 18-22. The Intersessional is an annual forum where members gather to

Read More »

De Beers Destroying Transparency: Rapaport

Mumbai: De Beers Group is refusing to allow its clients to disclose the legitimacy of diamonds from De Beers. In a Press Release received by G2J, Rapaport claims that all De Beers’ rough diamonds are now opaque. That’s 42% of the world’s legitimate diamond production in 2017, and $14.993 billion of rough diamonds from 2015 through 2017. In a letter

Read More »

HRD Antwerp & Russia Sign Cooperation MoU

Antwerp: In the context of the KP Intersessional taking place this week, which has brought the diamond world to Antwerp, the Ministry of Finance of the Russian Federation, represented by the Deputy Minister of Finance of the Russian Federation Aleksey Vladimirovich Moiseev, signed a Memorandum of Understanding (MoU) with HRD Antwerp for the establishment of an HRD Antwerp diamond grading

Read More »

Eli Avidar Appointed President of Carats.io

Ramat Gan: The Board of Directors of Carats.io has announced that it has appointed Eli Avidar as president of the company. Mr. Avidar, who served until recently as managing director of the Israel Diamond Exchange and the Israel Diamond Institute, is currently vice president of CIBJO, The World Jewellery Confederation. In the past he held a number of top level

Read More »

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