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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
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5% VAT in UAE to Hurt India’s Exports: GJEPC
Mumbai: Starting January 1, the UAE (United Arab Emirates) will impose a 5% VAT on most goods and services, including rough and polished diamonds and gold. Now, Praveen Shankar Pandya, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) says that the tax will hurt gold jewelry exports from India as the UAE is one of the major buyers

Nilesh Sheth is New President of IDCA
The Board of Directors of the Indian Diamond and Colorstone Association (IDCA) is pleased to announce Nilesh Sheth of Nice Diamonds was elected as the new President of Association and Shailesh Jhalani of Prompt Gem Importers Inc. was elected for the Vice-President’s role at their meeting held on December 11. Joining the IDCA Board’s Executive Committee are Shrenil Bhansali of

Aisshpra Gems & Jewels Bags New Award
Jaipur: Aisshpra Gems & Jewels was awarded as the ”Temple Jewellery of The Year’ for its intricate craftsmanship at JJS-IJ Jewellers Choice Awards 2017, a platform which recognises and promotes talent and creativity of the most celebrated retail jewellery brands in the industry by felicitating them. The award was received by Mr. Atul Saraf, Director, Aisshpra Gems & Jewels at the

ALROSA to Hold Auction of Special Size Rough
Moscow: ALROSA is planning to hold 30 international auctions for the sale of special size natural rough diamonds over 10.8 carats next year. Two auctions will be held in New York where ALROSA’s trade office will resume its full-scale operation. Five auctions will be held in the first quarter, 10 in second quarter, six in the third quarter, and nine

5% VAT in UAE to Hurt India’s Exports: GJEPC
Mumbai: Starting January 1, the UAE (United Arab Emirates) will impose a 5% VAT on most goods and services, including rough and polished diamonds and gold. Now, Praveen Shankar Pandya, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) says that the tax will hurt gold jewelry exports from India as the UAE is one of the major buyers

Nilesh Sheth is New President of IDCA
The Board of Directors of the Indian Diamond and Colorstone Association (IDCA) is pleased to announce Nilesh Sheth of Nice Diamonds was elected as the new President of Association and Shailesh Jhalani of Prompt Gem Importers Inc. was elected for the Vice-President’s role at their meeting held on December 11. Joining the IDCA Board’s Executive Committee are Shrenil Bhansali of

Aisshpra Gems & Jewels Bags New Award
Jaipur: Aisshpra Gems & Jewels was awarded as the ”Temple Jewellery of The Year’ for its intricate craftsmanship at JJS-IJ Jewellers Choice Awards 2017, a platform which recognises and promotes talent and creativity of the most celebrated retail jewellery brands in the industry by felicitating them. The award was received by Mr. Atul Saraf, Director, Aisshpra Gems & Jewels at the

ALROSA to Hold Auction of Special Size Rough
Moscow: ALROSA is planning to hold 30 international auctions for the sale of special size natural rough diamonds over 10.8 carats next year. Two auctions will be held in New York where ALROSA’s trade office will resume its full-scale operation. Five auctions will be held in the first quarter, 10 in second quarter, six in the third quarter, and nine
