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The Correction is Ten Weeks Old. The Floor Has Not Broken. Is That the Signal?
Macro Snapshot: The week ending July 31 delivered two of the most consequential macro events of 2026, and neither resolved the stalemate that has defined gold and silver for five weeks. On Wednesday July 29, the Federal Reserve held rates at 3.50-3.75% in a divided 9-3 vote. Three regional Fed presidents (Cleveland’s Beth Hammack, Minneapolis’ Neel Kashkari, and Dallas’ Lorie Logan) dissented in favour of an immediate 25 basis point hike, the largest number of dissents for rates to move

The Correction is Ten Weeks Old. The Floor Has Not Broken. Is That the Signal?
Macro Snapshot: The week ending July 31 delivered two of the most consequential macro events of 2026, and neither resolved the stalemate that has defined gold and silver for five weeks. On Wednesday July 29, the Federal Reserve held rates at 3.50-3.75% in a divided 9-3 vote. Three regional Fed presidents (Cleveland’s Beth Hammack, Minneapolis’ Neel Kashkari, and Dallas’ Lorie Logan) dissented in favour of an immediate 25 basis point hike, the largest number of dissents for rates to move
Top News

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

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

UK Clears Extradition Process against Nirav Modi
London: India has been informed by the UK’s Crown Prosecution Service (CPS) that it can initiate extradition proceedings against Indian diamantaire Nirav Modi even though his exact whereabouts remain uncertain, a senior Indian official said today. According to The Times of India, the Central Bureau of Investigation (CBI) has begun the process of filing an extradition request for Modi, which

CAR Appoints Peter Meeus as Adviser
The Central African Republic (CAR) has appointed industry veteran Peter Meeus as a government adviser, in line with the nation’s efforts to make its diamond sector compliant with global standards. Meeus (pictured), as international diamond specialist and special adviser, will help CAR with its attempts to meet the Kimberley Process (KP) Certification System rules and improve the performance of its diamond

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

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

UK Clears Extradition Process against Nirav Modi
London: India has been informed by the UK’s Crown Prosecution Service (CPS) that it can initiate extradition proceedings against Indian diamantaire Nirav Modi even though his exact whereabouts remain uncertain, a senior Indian official said today. According to The Times of India, the Central Bureau of Investigation (CBI) has begun the process of filing an extradition request for Modi, which

CAR Appoints Peter Meeus as Adviser
The Central African Republic (CAR) has appointed industry veteran Peter Meeus as a government adviser, in line with the nation’s efforts to make its diamond sector compliant with global standards. Meeus (pictured), as international diamond specialist and special adviser, will help CAR with its attempts to meet the Kimberley Process (KP) Certification System rules and improve the performance of its diamond
