Now That a Jobs Miss Broke Gold’s Resistance, Can Silver Clear Its Ceiling?

Macro Snapshot: The FOMC held rates at 3.50 to 3.75% on July 29 by a 9 to 3 vote, with three members dissenting in favour of a quarter-point hike. Chair Kevin Warsh described inflation as a ‘choice’ and made clear the Committee would move quickly if incoming inflation data ran hot. Going into the week ending August 7, CME FedWatch put September hike odds near 58%. That framing collapsed on Friday. The Bureau of Labor Statistics reported that US employers

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Now That a Jobs Miss Broke Gold’s Resistance, Can Silver Clear Its Ceiling?

Macro Snapshot: The FOMC held rates at 3.50 to 3.75% on July 29 by a 9 to 3 vote, with three members dissenting in favour of a quarter-point hike. Chair Kevin Warsh described inflation as a ‘choice’ and made clear the Committee would move quickly if incoming inflation data ran hot. Going into the week ending August 7, CME FedWatch put September hike odds near 58%. That framing collapsed on Friday. The Bureau of Labor Statistics reported that US employers

Read More »

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De Beers Successfully Tracks First Diamonds on ‘Tracr’

Gaborone: De Beers Group today announced that it has successfully tracked 100 high-value diamonds along the value chain during the pilot of its industry blockchain platform, marking the first time a diamond’s journey has been digitally tracked from mine to retail. An immutable and secure digital trail was created for a selection of rough diamonds mined by De Beers as

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GJEPC and Banks Deliberated on Mitigating Risks

Mumbai: Hon’ble Minister for Commerce and Industry and Civil Aviation, Mr. Suresh Prabhu today unveiled a white paper drafted by GJEPC at the one-day seminar titled “Diamond and Jewellery Financing 2018: Mitigating Risks Effectively.” The event organized by the Gems and Jewellery industry to find ways to reduce risks and infuse confidence into financiers, attended by leading banks and financial

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GJEPC & AWDC Sign MoU on MyKYCBank Partnership

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) and Antwerp World Diamond Centre (AWDC), together today signed a Memorandum of Understanding (MoU) that would prove to be a powerful new tool to bring greater compliance and transparency to diamond transactions. The know-your-customer (KYC) exchange platform, called MyKYCBank, provides a centralized platform for companies in the diamond industry to complete

Read More »

The World Diamond Congress 2018 is Cancelled

Antwerp: The World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA) have announced that as a result of the weak response to registration for the 38th World Diamond Congress due to be held in Tel Aviv, Israel, from June 19 to 21, no doubt also influenced by the rising tension in the region, they have reached

Read More »

De Beers Successfully Tracks First Diamonds on ‘Tracr’

Gaborone: De Beers Group today announced that it has successfully tracked 100 high-value diamonds along the value chain during the pilot of its industry blockchain platform, marking the first time a diamond’s journey has been digitally tracked from mine to retail. An immutable and secure digital trail was created for a selection of rough diamonds mined by De Beers as

Read More »

GJEPC and Banks Deliberated on Mitigating Risks

Mumbai: Hon’ble Minister for Commerce and Industry and Civil Aviation, Mr. Suresh Prabhu today unveiled a white paper drafted by GJEPC at the one-day seminar titled “Diamond and Jewellery Financing 2018: Mitigating Risks Effectively.” The event organized by the Gems and Jewellery industry to find ways to reduce risks and infuse confidence into financiers, attended by leading banks and financial

Read More »

GJEPC & AWDC Sign MoU on MyKYCBank Partnership

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) and Antwerp World Diamond Centre (AWDC), together today signed a Memorandum of Understanding (MoU) that would prove to be a powerful new tool to bring greater compliance and transparency to diamond transactions. The know-your-customer (KYC) exchange platform, called MyKYCBank, provides a centralized platform for companies in the diamond industry to complete

Read More »

The World Diamond Congress 2018 is Cancelled

Antwerp: The World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA) have announced that as a result of the weak response to registration for the 38th World Diamond Congress due to be held in Tel Aviv, Israel, from June 19 to 21, no doubt also influenced by the rising tension in the region, they have reached

Read More »

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