The 200-Day Held: Now Comes the Test That Decides Whether the Bounce is a Reversal

Macro Snapshot: The week ending July 3 broke a five-week decline for both gold and silver. Gold posted its first weekly gain since late May and silver led the recovery with a much larger move. The trigger was a weaker-than-expected US jobs report, which reset rate-hike expectations and pushed the dollar to its largest weekly decline since April. Layered underneath were two other significant developments: the release of the World Gold Council’s Mid-Year Outlook on Tuesday July 1 (covered in

Read More »

The 200-Day Held: Now Comes the Test That Decides Whether the Bounce is a Reversal

Macro Snapshot: The week ending July 3 broke a five-week decline for both gold and silver. Gold posted its first weekly gain since late May and silver led the recovery with a much larger move. The trigger was a weaker-than-expected US jobs report, which reset rate-hike expectations and pushed the dollar to its largest weekly decline since April. Layered underneath were two other significant developments: the release of the World Gold Council’s Mid-Year Outlook on Tuesday July 1 (covered in

Read More »

Top News

CIBJO Supports De Beers Plan on Blockchain Tech.

Milan: CIBJO President Gaetano Cavalieri has voiced the World Jewellery Confederation’s support for a De Beers development project that employs blockchain technology, which was announced on December 4 by the group’s CEO, Bruce Cleaver. When operational, it should enable a diamond’s journey through the value chain to be recorded in a secure digital registry by all parties handling the stone,

Read More »

India Gives Rs 8,450 Cr. Package to Exporters

New Delhi: The government on Tuesday announced additional incentives worth Rs 8,450 crore a year to boost both merchandise and services exports as part of its mid-term review of the foreign trade policy (FTP) for 2015-20, with specific focus on micro, small and medium enterprises (MSMEs) and labour-intensive sectors to boost job creation. The benefits, which represent a 34% annual

Read More »

De Beers Announces Changes to Exe. Committee

London: De Beers Group yesterday announced three changes to its Executive Committee. Neil Ventura, currently Executive Vice-President, Auction Sales, will become Executive Vice-President, Strategy and Innovation. Paul Rowley, currently Executive Vice-President, Global Sightholder Sales, will become Executive Vice-President, Diamond Trading. Alessandra Berridge, currently Lead Legal Counsel for M&A at Anglo American, will become Executive Vice-President, Commercial and Partnerships. In his

Read More »

Forevermark Launches at Alankar Jewellers, Patna

Patna: Alankar Jewellers, a brand that has set unmatched standards of quality and service have partnered with Forevermark, the diamond brand from the De Beers Group of Companies, by launching the brand at their store in Patna. While Forevermark encompasses the promise of beautiful, rare and responsibly sourced diamonds, Alankar Jewellers are leaders in the field of jewellery manufacturing and

Read More »

CIBJO Supports De Beers Plan on Blockchain Tech.

Milan: CIBJO President Gaetano Cavalieri has voiced the World Jewellery Confederation’s support for a De Beers development project that employs blockchain technology, which was announced on December 4 by the group’s CEO, Bruce Cleaver. When operational, it should enable a diamond’s journey through the value chain to be recorded in a secure digital registry by all parties handling the stone,

Read More »

India Gives Rs 8,450 Cr. Package to Exporters

New Delhi: The government on Tuesday announced additional incentives worth Rs 8,450 crore a year to boost both merchandise and services exports as part of its mid-term review of the foreign trade policy (FTP) for 2015-20, with specific focus on micro, small and medium enterprises (MSMEs) and labour-intensive sectors to boost job creation. The benefits, which represent a 34% annual

Read More »

De Beers Announces Changes to Exe. Committee

London: De Beers Group yesterday announced three changes to its Executive Committee. Neil Ventura, currently Executive Vice-President, Auction Sales, will become Executive Vice-President, Strategy and Innovation. Paul Rowley, currently Executive Vice-President, Global Sightholder Sales, will become Executive Vice-President, Diamond Trading. Alessandra Berridge, currently Lead Legal Counsel for M&A at Anglo American, will become Executive Vice-President, Commercial and Partnerships. In his

Read More »

Forevermark Launches at Alankar Jewellers, Patna

Patna: Alankar Jewellers, a brand that has set unmatched standards of quality and service have partnered with Forevermark, the diamond brand from the De Beers Group of Companies, by launching the brand at their store in Patna. While Forevermark encompasses the promise of beautiful, rare and responsibly sourced diamonds, Alankar Jewellers are leaders in the field of jewellery manufacturing and

Read More »

Latest Videos