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
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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
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
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
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
