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
De Beers to Proceed With Closure of Voorspoed Mine
Gaborone: De Beers Group today announced that the De Beers Consolidated Mines Proprietary Limited (DBCM) Board has taken the decision to proceed with the responsible closure and rehabilitation of Voorspoed Mine in the Free State Province. This decision follows an extensive, transparent and comprehensive disposal process, which involved a rigorous due diligence exercise on the bidders to acquire the mine. The
De Beers’ Rough Sales Drop at Sixth Cycle
Gaborone: De Beers sold $530 million of rough diamonds at its July (6th) cycle amid a seasonal slowdown in the market, the company said Tuesday. “Demand for De Beers’ rough diamonds was in line with expectations during the seasonally quieter summer period for the industry’s midstream sector,” said CEO Bruce Cleaver. Revenue from the sixth sales cycle, including last week’s
GIT Urges Consumers to Buy Certified Diamonds
Bangkok: The Gem and Jewelry Institute of Thailand (Public Organization) or GIT advises consumers to only purchase diamond and diamond jewelry with certification from leading laboratories after CIBJO, the World Jewellery Confederation, remarked at its 2017 annual congress that increasing amount of synthetic diamonds are being circulated in the market. Ms. Duangkamol Jiambutr, the director of GIT revealed that due
India's Platinum Demand to Grow by 25% in 2018
Hyderabad: “India may achieve 20% to 25% growth in platinum jewellery sales during 2018. This year, we are expecting the total market for platinum jewellery to grow 20% to 25% more than 2017 at the retail level. At the same time, manufacturing demand will grow by 30% to 40%,” said Ms. Vaishali Banerjee, the Managing Director of Platinum Guild India Pvt.
De Beers to Proceed With Closure of Voorspoed Mine
Gaborone: De Beers Group today announced that the De Beers Consolidated Mines Proprietary Limited (DBCM) Board has taken the decision to proceed with the responsible closure and rehabilitation of Voorspoed Mine in the Free State Province. This decision follows an extensive, transparent and comprehensive disposal process, which involved a rigorous due diligence exercise on the bidders to acquire the mine. The
De Beers’ Rough Sales Drop at Sixth Cycle
Gaborone: De Beers sold $530 million of rough diamonds at its July (6th) cycle amid a seasonal slowdown in the market, the company said Tuesday. “Demand for De Beers’ rough diamonds was in line with expectations during the seasonally quieter summer period for the industry’s midstream sector,” said CEO Bruce Cleaver. Revenue from the sixth sales cycle, including last week’s
GIT Urges Consumers to Buy Certified Diamonds
Bangkok: The Gem and Jewelry Institute of Thailand (Public Organization) or GIT advises consumers to only purchase diamond and diamond jewelry with certification from leading laboratories after CIBJO, the World Jewellery Confederation, remarked at its 2017 annual congress that increasing amount of synthetic diamonds are being circulated in the market. Ms. Duangkamol Jiambutr, the director of GIT revealed that due
India's Platinum Demand to Grow by 25% in 2018
Hyderabad: “India may achieve 20% to 25% growth in platinum jewellery sales during 2018. This year, we are expecting the total market for platinum jewellery to grow 20% to 25% more than 2017 at the retail level. At the same time, manufacturing demand will grow by 30% to 40%,” said Ms. Vaishali Banerjee, the Managing Director of Platinum Guild India Pvt.
