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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
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
Top News
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
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.
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
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.
