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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AWDC & ALROSA Sign New Cooperation Agreement
Moscow: On April 24, during the City of Antwerp’s Mission to Russia, organized in cooperation with the Port of Antwerp, leading partner Antwerp World Diamond Centre (AWDC) signed a cooperation agreement with the world’s leading diamond mining company, ALROSA. Leading this mission emphasizes AWDC’s commitment to safeguarding Antwerp’s position as the leading trade hub in the diamond industry, and
De Beers’ Production Goes Up by 15% in Q1
Gaborone: De Beers lifted its rough diamond production by 15 percent to 8.5 million carats in the first quarter of 2018 compared with 7.4 million carats, a year earlier, according to its parent company, Anglo American. The diversified mining group said that the increase in De Beers’ production reflects the ramp-up of production from Gahcho Kué in Canada, which reached
Mugabe Summoned by Zimbabwe Parliament
Harare: Former Zimbabwe President Robert Mugabe has been summoned to appear before a parliamentary committee next month to account for diamond corruption and lost government revenues. If Mugabe, who is 94, does appear before the committee, it will be his first public appearance since his resignation last November. “We have set May 9 as the date on which he will
Diamond Detection Expo & Symposium Inaugurated
Mumbai: The Diamond Detection Expo & Symposium (DDES) 2018 commenced yesterday with an inauguration by The Consul General of the United States of America, HE Mr. Edgard D. Kagan. The DDES, organised by The Gem & Jewellery Export Promotion Council (GJEPC), in affiliation with the Bharat Diamond Bourse (BDB), is being held in the BDB from April 23-25, 2018. It
AWDC & ALROSA Sign New Cooperation Agreement
Moscow: On April 24, during the City of Antwerp’s Mission to Russia, organized in cooperation with the Port of Antwerp, leading partner Antwerp World Diamond Centre (AWDC) signed a cooperation agreement with the world’s leading diamond mining company, ALROSA. Leading this mission emphasizes AWDC’s commitment to safeguarding Antwerp’s position as the leading trade hub in the diamond industry, and
De Beers’ Production Goes Up by 15% in Q1
Gaborone: De Beers lifted its rough diamond production by 15 percent to 8.5 million carats in the first quarter of 2018 compared with 7.4 million carats, a year earlier, according to its parent company, Anglo American. The diversified mining group said that the increase in De Beers’ production reflects the ramp-up of production from Gahcho Kué in Canada, which reached
Mugabe Summoned by Zimbabwe Parliament
Harare: Former Zimbabwe President Robert Mugabe has been summoned to appear before a parliamentary committee next month to account for diamond corruption and lost government revenues. If Mugabe, who is 94, does appear before the committee, it will be his first public appearance since his resignation last November. “We have set May 9 as the date on which he will
Diamond Detection Expo & Symposium Inaugurated
Mumbai: The Diamond Detection Expo & Symposium (DDES) 2018 commenced yesterday with an inauguration by The Consul General of the United States of America, HE Mr. Edgard D. Kagan. The DDES, organised by The Gem & Jewellery Export Promotion Council (GJEPC), in affiliation with the Bharat Diamond Bourse (BDB), is being held in the BDB from April 23-25, 2018. It
