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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
GJEPC Condemns Unethical Business Practices
Mumbai: The Nirav Modi fraud of about Rs. 12,000 crore with various banks has once again jolted India’s gems & jewellery industry. India’s Gem & Jewellery Export Promotion Council (GJEPC) has issued a press statement condemning the so called scandal. Below is the text: “The Indian diamond industry with its over tens of thousands of factories, 6000 exporters are world
GJEPC Signs MoU for India’s Largest Jewellery Park
Mumbai: In yet another landmark step, The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of Indian Gem & Jewellery Industry has signed a Memorandum of Association (MoU) with Maharashtra Industrial Development Corporation (MIDC) to establish India’s Largest Jewellery Park, to be christened as “India Jewellery Park Mumbai”. The proposed Jewellery Park will be established in Navi Mumbai.
Israel to Hold Diamond Auction HH Show
Ramat Gan: The Israeli Diamond Industry is again preparing a major presence at HKTDC’s Hong Kong International Diamond, Gem & Pearl Show this year. The Israel Diamond Pavilion, organized by the Israel Diamond Institute Group of Companies (IDI), will host 70 companies. There will also be 10 Israeli companies exhibiting in other locations throughout the show. Among the Israeli exhibitors
Carats.io: Polished Diamond Prices Flat
Ramat Gan: Polished diamond prices in Israel decreased 0.16% during week seven of 2018. GDX, Carats.io’s general index, closed the week at 10,097.64. The index represents the most tradable diamonds in the Israeli diamond market. Carats Background – description of indexes: Carats tracks the asking prices of tens of thousands GIA certified, round diamonds offered on Get Diamond: GDX –
GJEPC Condemns Unethical Business Practices
Mumbai: The Nirav Modi fraud of about Rs. 12,000 crore with various banks has once again jolted India’s gems & jewellery industry. India’s Gem & Jewellery Export Promotion Council (GJEPC) has issued a press statement condemning the so called scandal. Below is the text: “The Indian diamond industry with its over tens of thousands of factories, 6000 exporters are world
GJEPC Signs MoU for India’s Largest Jewellery Park
Mumbai: In yet another landmark step, The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of Indian Gem & Jewellery Industry has signed a Memorandum of Association (MoU) with Maharashtra Industrial Development Corporation (MIDC) to establish India’s Largest Jewellery Park, to be christened as “India Jewellery Park Mumbai”. The proposed Jewellery Park will be established in Navi Mumbai.
Israel to Hold Diamond Auction HH Show
Ramat Gan: The Israeli Diamond Industry is again preparing a major presence at HKTDC’s Hong Kong International Diamond, Gem & Pearl Show this year. The Israel Diamond Pavilion, organized by the Israel Diamond Institute Group of Companies (IDI), will host 70 companies. There will also be 10 Israeli companies exhibiting in other locations throughout the show. Among the Israeli exhibitors
Carats.io: Polished Diamond Prices Flat
Ramat Gan: Polished diamond prices in Israel decreased 0.16% during week seven of 2018. GDX, Carats.io’s general index, closed the week at 10,097.64. The index represents the most tradable diamonds in the Israeli diamond market. Carats Background – description of indexes: Carats tracks the asking prices of tens of thousands GIA certified, round diamonds offered on Get Diamond: GDX –
