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The Correction is Ten Weeks Old. The Floor Has Not Broken. Is That the Signal?
Macro Snapshot: The week ending July 31 delivered two of the most consequential macro events of 2026, and neither resolved the stalemate that has defined gold and silver for five weeks. On Wednesday July 29, the Federal Reserve held rates at 3.50-3.75% in a divided 9-3 vote. Three regional Fed presidents (Cleveland’s Beth Hammack, Minneapolis’ Neel Kashkari, and Dallas’ Lorie Logan) dissented in favour of an immediate 25 basis point hike, the largest number of dissents for rates to move
The Correction is Ten Weeks Old. The Floor Has Not Broken. Is That the Signal?
Macro Snapshot: The week ending July 31 delivered two of the most consequential macro events of 2026, and neither resolved the stalemate that has defined gold and silver for five weeks. On Wednesday July 29, the Federal Reserve held rates at 3.50-3.75% in a divided 9-3 vote. Three regional Fed presidents (Cleveland’s Beth Hammack, Minneapolis’ Neel Kashkari, and Dallas’ Lorie Logan) dissented in favour of an immediate 25 basis point hike, the largest number of dissents for rates to move
Top News
Nishit Parikh Appointed President of AWDC
Antwerp: The Antwerp World Diamond Centre (AWDC) has appointed Mr. Nishit (Bali) Parikh president, a position he held from 2010 to 2012, its board said last week. Mr. Parikh, the CEO of Diarough, will replace outgoing president Mr. Stéphane Fischler, who is stepping down as AWDC head to take on the global role of president at the World Diamond Council
De Beers Revenue Slips in 2017
Gaborone: De Beers’ total revenue declined by 4% to $5.8 billion (2016: $6.1 billion) – as expected, given the benefit of strong midstream restocking in the first half of 2016, the miner reported. The average realized rough diamond price decreased by 13% to $162/carat (2016: $187/carat) mainly owing to a lower value mix; this was partly offset by an 8%
Zimbabwe Resumes Diamond Auction
Harare: Zimbabwe conducted a diamond auction sale this month, as production of the precious stones gradually recovers after slumping to an all-time low of less than two million carats from peak levels of 12 million carats, businessdigest can reveal. Last year, Zimbabwe did not auction the mineral, but stockpiled its rough stones in the aftermath of a botched merger plan
Everledger Announces Diamond Time-Lapse Protocol
London: Everledger has announced the Diamond Time-Lapse Protocol, formed by the integration of the Diamond Time-Lapse initiative by Dharmanandan Diamonds, onto its existing first-in-world diamond provenance traceability blockchain platform. An industry-first, the Diamond Time-Lapse Protocol engages everyone along the diamond supply chain including miners, dealers, manufacturers, retailers and consumers, to create and track the entire lifetime journey of a diamond
Nishit Parikh Appointed President of AWDC
Antwerp: The Antwerp World Diamond Centre (AWDC) has appointed Mr. Nishit (Bali) Parikh president, a position he held from 2010 to 2012, its board said last week. Mr. Parikh, the CEO of Diarough, will replace outgoing president Mr. Stéphane Fischler, who is stepping down as AWDC head to take on the global role of president at the World Diamond Council
De Beers Revenue Slips in 2017
Gaborone: De Beers’ total revenue declined by 4% to $5.8 billion (2016: $6.1 billion) – as expected, given the benefit of strong midstream restocking in the first half of 2016, the miner reported. The average realized rough diamond price decreased by 13% to $162/carat (2016: $187/carat) mainly owing to a lower value mix; this was partly offset by an 8%
Zimbabwe Resumes Diamond Auction
Harare: Zimbabwe conducted a diamond auction sale this month, as production of the precious stones gradually recovers after slumping to an all-time low of less than two million carats from peak levels of 12 million carats, businessdigest can reveal. Last year, Zimbabwe did not auction the mineral, but stockpiled its rough stones in the aftermath of a botched merger plan
Everledger Announces Diamond Time-Lapse Protocol
London: Everledger has announced the Diamond Time-Lapse Protocol, formed by the integration of the Diamond Time-Lapse initiative by Dharmanandan Diamonds, onto its existing first-in-world diamond provenance traceability blockchain platform. An industry-first, the Diamond Time-Lapse Protocol engages everyone along the diamond supply chain including miners, dealers, manufacturers, retailers and consumers, to create and track the entire lifetime journey of a diamond
