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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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

Read More »

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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

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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

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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.

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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

Read More »

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

Read More »

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

Read More »

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.

Read More »

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

Read More »

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