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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
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
BrilliAnt diamond Show is Delayed
Antwerp: The BrilliAnt diamond show, formerly known as the Antwerp Diamond Trade Fair, is being delayed to a later date, the organizers said. The ninth edition of the show was due to be held from January 28 to 30. The show’s website said that the new dates will be revealed soon. The show is held in three of Antwerp’s four
India’s G&J Exports Down 4.8% During April-Nov
Mumbai: Gems and jewellery exports saw a 4.8 per cent dip at USD 22.43 billion during April- November this year owing to demand slowdown in major markets, including the US. According to the Gem and Jewellery Export Promotion Council (GJEPC) data, exports stood at USD 23.56 billion in the same period last year. The labour-intensive sector contributes about 14 per
First Certified Blockchain-Based Diamond Exchange
New York: The diamond market has an estimated turnover of $80 billion per year, yet investor demand accounts for only 5% of that – the rest is consumer demand from the jewellery industry. Historically, diamonds have been a consistent store of value, just like gold and other precious metals, so why aren’t more investors looking at diamonds as an investment
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
BrilliAnt diamond Show is Delayed
Antwerp: The BrilliAnt diamond show, formerly known as the Antwerp Diamond Trade Fair, is being delayed to a later date, the organizers said. The ninth edition of the show was due to be held from January 28 to 30. The show’s website said that the new dates will be revealed soon. The show is held in three of Antwerp’s four
India’s G&J Exports Down 4.8% During April-Nov
Mumbai: Gems and jewellery exports saw a 4.8 per cent dip at USD 22.43 billion during April- November this year owing to demand slowdown in major markets, including the US. According to the Gem and Jewellery Export Promotion Council (GJEPC) data, exports stood at USD 23.56 billion in the same period last year. The labour-intensive sector contributes about 14 per
First Certified Blockchain-Based Diamond Exchange
New York: The diamond market has an estimated turnover of $80 billion per year, yet investor demand accounts for only 5% of that – the rest is consumer demand from the jewellery industry. Historically, diamonds have been a consistent store of value, just like gold and other precious metals, so why aren’t more investors looking at diamonds as an investment
