We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
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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
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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India’s Gold loan market: Is the Glitter Fading?
Mumbai: The organised gold loan market in India is expected to grow to over Rs 3 lakh crore by 2020 at a three-year Compound Annual Growth Rate (CAGR) of 13.7 per cent, British consulting multinational KPMG said on Tuesday, citing its report based on an industry survey. The report titled “India’s gold loan market: Is the glitter fading?” cites the
5th Edition of GJTCI Excellence Awards
Ahmedabad: With a view to encourage and boost the jewellery industry and people related to it, GJTCI organize GJTCI Excellence Awards to recognize and felicitate the uniqueness and unmatched craftsmanship of our Jewellery Industry. GJTCI has been an integral part of the Gem & Jewellery industry for almost one & half decade now, organizing multifarious activities for the growth of
Pakistan Gemstone Industry Struggles with Unrest
Karachi: For 400 years the craftsmen and traders of Peshawar’s jewellery bazaar have cut, polished, set and haggled over precious gems dug from the rugged mountains of northwest Pakistan. Pakistan’s gem and jewellery exports have boomed in recent years but Taliban violence, a crippling power crisis and outdated production methods are taking their toll in Peshawar, where traders say business
Zimbabwe Doubles Diamond Production in 2017
Harare: The government of Zimbabwe reports it has doubled its diamond production to 1.8 million carats in 2017, from 961,000 carats in 2016, the drop in production exacerbated by Zimbabwe’s merging of diamond mining companies previously operating in Chiadzwa diamond fields into the Zimbabwe Consolidated Diamond Company (ZCDC). The rise in diamond production is expected to translate into increased economic
India’s Gold loan market: Is the Glitter Fading?
Mumbai: The organised gold loan market in India is expected to grow to over Rs 3 lakh crore by 2020 at a three-year Compound Annual Growth Rate (CAGR) of 13.7 per cent, British consulting multinational KPMG said on Tuesday, citing its report based on an industry survey. The report titled “India’s gold loan market: Is the glitter fading?” cites the
5th Edition of GJTCI Excellence Awards
Ahmedabad: With a view to encourage and boost the jewellery industry and people related to it, GJTCI organize GJTCI Excellence Awards to recognize and felicitate the uniqueness and unmatched craftsmanship of our Jewellery Industry. GJTCI has been an integral part of the Gem & Jewellery industry for almost one & half decade now, organizing multifarious activities for the growth of
Pakistan Gemstone Industry Struggles with Unrest
Karachi: For 400 years the craftsmen and traders of Peshawar’s jewellery bazaar have cut, polished, set and haggled over precious gems dug from the rugged mountains of northwest Pakistan. Pakistan’s gem and jewellery exports have boomed in recent years but Taliban violence, a crippling power crisis and outdated production methods are taking their toll in Peshawar, where traders say business
Zimbabwe Doubles Diamond Production in 2017
Harare: The government of Zimbabwe reports it has doubled its diamond production to 1.8 million carats in 2017, from 961,000 carats in 2016, the drop in production exacerbated by Zimbabwe’s merging of diamond mining companies previously operating in Chiadzwa diamond fields into the Zimbabwe Consolidated Diamond Company (ZCDC). The rise in diamond production is expected to translate into increased economic
