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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
Thailand Launches “Buy with Confidence” Program
Bangkok: : Thailand’s Ministry of Commerce has joined hands with partners to encourage leading jewelry shops and businesses to participate in the “Buy With Confidence” program that will issue certifications to ensure the quality and standard of Thai gem and jewelry with the objective to boost confidence among Thai and international consumers. Minister of Commerce Sontirat Sontijirawong states that the
Royal Blue Diamond Goes on Sale for First Time
Geneva: A 6.16-carat Farnese Blue diamond, worn by European dynasties for the last 300 years, will go on sale for the first time in its history. The gem will go on sale at the Magnificent Jewels and Noble Jewels auction in Geneva on May 15, and is valued between $US3.69 million ($4.81 million) and $US5.27 million ($6.88 million). According to
HRD Antwerp Opens Jewellery Grading Lab in SEEPZ
Mumbai: HRD Antwerp has announced the opening of a jewellery grading lab in the Santacruz Electronics Export Processing Zone (SEEPZ) in Mumbai, established for manufacturers exporting to various international locations. “Our customers will have safe, reliable and easy access to our services. Our laboratory has the know-how and tools to thoroughly analyse jewellery, and to provide a general description of
AWDC to Organize First-Ever Hackathon
Antwerp: The Antwerp World Diamond Centre (AWDC) will organize the first-ever hackathon in the diamond industry on 4 – 6 May 2018 at Antwerp Expo, Jan Van Rijswijcklaan 191, 2000 Antwerp. A hackathon is an open-innovation weekend where like-minded people from different backgrounds come together to co-create solutions, this time for the diamond industry! AWDC has set up 3 challenges,
Thailand Launches “Buy with Confidence” Program
Bangkok: : Thailand’s Ministry of Commerce has joined hands with partners to encourage leading jewelry shops and businesses to participate in the “Buy With Confidence” program that will issue certifications to ensure the quality and standard of Thai gem and jewelry with the objective to boost confidence among Thai and international consumers. Minister of Commerce Sontirat Sontijirawong states that the
Royal Blue Diamond Goes on Sale for First Time
Geneva: A 6.16-carat Farnese Blue diamond, worn by European dynasties for the last 300 years, will go on sale for the first time in its history. The gem will go on sale at the Magnificent Jewels and Noble Jewels auction in Geneva on May 15, and is valued between $US3.69 million ($4.81 million) and $US5.27 million ($6.88 million). According to
HRD Antwerp Opens Jewellery Grading Lab in SEEPZ
Mumbai: HRD Antwerp has announced the opening of a jewellery grading lab in the Santacruz Electronics Export Processing Zone (SEEPZ) in Mumbai, established for manufacturers exporting to various international locations. “Our customers will have safe, reliable and easy access to our services. Our laboratory has the know-how and tools to thoroughly analyse jewellery, and to provide a general description of
AWDC to Organize First-Ever Hackathon
Antwerp: The Antwerp World Diamond Centre (AWDC) will organize the first-ever hackathon in the diamond industry on 4 – 6 May 2018 at Antwerp Expo, Jan Van Rijswijcklaan 191, 2000 Antwerp. A hackathon is an open-innovation weekend where like-minded people from different backgrounds come together to co-create solutions, this time for the diamond industry! AWDC has set up 3 challenges,
