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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
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
Top News
New Alert Against HPHT Treated Diamonds
Hong Kong: Diamond Services, the Hong Kong-headquartered developer of technological systems and services for detecting synthetic, imitation and treated diamonds, has issued a worldwide alert to the jewellery and gemstone trades stating that research it has conducted indicates that synthetic diamonds, which have created under conditions of High Pressure-High Temperature (HPHT) and then subject to irradiation treatment, may be escaping
De Beers 3rd Cycle Yields $520 mn
Gaborone: De Beers said its third sightholder sale of the year has provisionally raked in $520 million compared with $586 million, a year earlier. The company earned $563 million from its second sales cycle of 2018. “While the second quarter of the year is traditionally a seasonally slower period, we continued to see good rough diamond demand in the third
Fura Gems Unveils Plans to Expand Business in India
Targeting 8% – 10% share of the $2 billion global colored gemstone market in 3 years The highly experienced and strong management team of Fura Gems will organize the unorganized colored gemstone sector Exploring various gemstone mining projects in India and planning to work with the central and state governments to reduce the reliance on imports of gemstones Fura Gems
Akshay Tritiya: Women Prefer to Buy Light Jewellery
Mumbai: Akshay Tritiya is one of the most auspicious days of the year, and buying gold is one of the most celebrated rituals of this day. As a brand that celebrates the choices and individuality of the women of today, CaratLane, India’s leading omni-channel jeweller conducted a study to discover the new-age perceptions, tastes and preferences of jewellery buyers during Akshay Tritiya,
New Alert Against HPHT Treated Diamonds
Hong Kong: Diamond Services, the Hong Kong-headquartered developer of technological systems and services for detecting synthetic, imitation and treated diamonds, has issued a worldwide alert to the jewellery and gemstone trades stating that research it has conducted indicates that synthetic diamonds, which have created under conditions of High Pressure-High Temperature (HPHT) and then subject to irradiation treatment, may be escaping
De Beers 3rd Cycle Yields $520 mn
Gaborone: De Beers said its third sightholder sale of the year has provisionally raked in $520 million compared with $586 million, a year earlier. The company earned $563 million from its second sales cycle of 2018. “While the second quarter of the year is traditionally a seasonally slower period, we continued to see good rough diamond demand in the third
Fura Gems Unveils Plans to Expand Business in India
Targeting 8% – 10% share of the $2 billion global colored gemstone market in 3 years The highly experienced and strong management team of Fura Gems will organize the unorganized colored gemstone sector Exploring various gemstone mining projects in India and planning to work with the central and state governments to reduce the reliance on imports of gemstones Fura Gems
Akshay Tritiya: Women Prefer to Buy Light Jewellery
Mumbai: Akshay Tritiya is one of the most auspicious days of the year, and buying gold is one of the most celebrated rituals of this day. As a brand that celebrates the choices and individuality of the women of today, CaratLane, India’s leading omni-channel jeweller conducted a study to discover the new-age perceptions, tastes and preferences of jewellery buyers during Akshay Tritiya,
