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Silver MCX Diverged Sharply from Gold and its Own COMEX Line
Macro Snapshot: The week ending September 4 was a whipsaw for the Fed narrative and a mid-cycle divergence week for the metals. Kevin Warsh’s hawkish August 28 legacy carried into the open with CME FedWatch showing roughly 66% September rate-hike odds. Fed Governor Christopher Waller’s September 3 speech pushed back: he indicated support for holding rates steady if August inflation cooled, and hike odds trimmed toward 50%. Then August NFP on September 4 came in at 162,000 against a 53,000
Silver MCX Diverged Sharply from Gold and its Own COMEX Line
Macro Snapshot: The week ending September 4 was a whipsaw for the Fed narrative and a mid-cycle divergence week for the metals. Kevin Warsh’s hawkish August 28 legacy carried into the open with CME FedWatch showing roughly 66% September rate-hike odds. Fed Governor Christopher Waller’s September 3 speech pushed back: he indicated support for holding rates steady if August inflation cooled, and hike odds trimmed toward 50%. Then August NFP on September 4 came in at 162,000 against a 53,000
Top News
Jim Vimadalal Appointed Director, Alrosa, Mumbai
Mumbai: Jim Vimadalal, who previously worked at Indian offices of Rio Tinto and Swarovski, was appointed as Director of ALROSA’s representative office in Mumbai. The official opening of the Indian office is scheduled for March 2018. Currently, preparation works for the opening are underway there. Representative office won’t be engaged in trading activity, and will focus on cooperation with local
De Beers Posts 5% Rise in Output in Q4
Gaborone: De Beers reported a five percent rise in rough diamond production for the fourth quarter of 2017 to 8.1 million carats, reflecting stronger trading conditions as well as the contribution from the ramp-up of the Gahcho Kué mine in Canada. In Botswana, production increased marginally to 5.5 million carats. Orapa’s production increased 14 percent, mainly due to planned increases
Russia Signs MOU with CIBJO and AWDC
Moscow: The Ministry of Finance of the Russian Federation has concluded a Memorandum of Understanding with CIBJO, the World Jewellery Confederation, and the Antwerp World Diamond Centre (AWDC), with the goal of harmonizing the official system used in Russia for the classification of polished diamonds with the standards and nomenclature applied internationally. The agreement was signed on January 24, 2018,
ORRA Wins ‘Best Diamond Jewellery’ Award
Mumbai: A pair of earrings we are sure you have not seen elsewhere! Stealing the hearts of the jury, ORRA was awarded the Best Diamond Jewellery for their stunning pair of jhumka earrings titled ‘Kathakali’ at the GJTCI Excellence Awards 2017. The gala event, now in its fifth year, recognizes the top brands from the Indian Gem & Jewellery Industry
Jim Vimadalal Appointed Director, Alrosa, Mumbai
Mumbai: Jim Vimadalal, who previously worked at Indian offices of Rio Tinto and Swarovski, was appointed as Director of ALROSA’s representative office in Mumbai. The official opening of the Indian office is scheduled for March 2018. Currently, preparation works for the opening are underway there. Representative office won’t be engaged in trading activity, and will focus on cooperation with local
De Beers Posts 5% Rise in Output in Q4
Gaborone: De Beers reported a five percent rise in rough diamond production for the fourth quarter of 2017 to 8.1 million carats, reflecting stronger trading conditions as well as the contribution from the ramp-up of the Gahcho Kué mine in Canada. In Botswana, production increased marginally to 5.5 million carats. Orapa’s production increased 14 percent, mainly due to planned increases
Russia Signs MOU with CIBJO and AWDC
Moscow: The Ministry of Finance of the Russian Federation has concluded a Memorandum of Understanding with CIBJO, the World Jewellery Confederation, and the Antwerp World Diamond Centre (AWDC), with the goal of harmonizing the official system used in Russia for the classification of polished diamonds with the standards and nomenclature applied internationally. The agreement was signed on January 24, 2018,
ORRA Wins ‘Best Diamond Jewellery’ Award
Mumbai: A pair of earrings we are sure you have not seen elsewhere! Stealing the hearts of the jury, ORRA was awarded the Best Diamond Jewellery for their stunning pair of jhumka earrings titled ‘Kathakali’ at the GJTCI Excellence Awards 2017. The gala event, now in its fifth year, recognizes the top brands from the Indian Gem & Jewellery Industry
