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

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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

Read More »

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India to Become Vice Chair of KP in 2018

Brisbane: At the recently concluded Plenary Meeting of the Kimberly Process (KP) that was held in Brisbane, Australia from December 9-14, 2017, India was appointed as the Vice-Chair of the KP for the year 2018. While the European Union (EU) will take the Chair for 2018, India will assume the role of the KP Chair in 2019. This is in

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Naga Chaitanya Chooses Platinum for Distinctive Style

Hyderabad: Amidst much fanfare, South India’s favourite actor, Naga Chaitanya unveiled an unique range of Platinum Men’s jewellery inspired by the international trend of “Bold Minimalism” at the Joyalukkas store in Hyderabad recently. Naga Chaitanya, looking suave wearing a Platinum bracelet and chain, his two favourite pieces from the new collection was joined by Mr. Rajesh Krishnan (Manager- Retail, Joyalukkas-Indian

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‘Impact’ Leaves Kimberley Process

Brisbane: Impact, a founding member has withdrawn from the Kimberley Process (KP), claiming that the conflict diamond certification scheme has lost its legitimacy. Impact says the internal controls used by governments do not provide the evidence of traceability and due diligence needed to ensure a clean, conflict-free, and legal diamond supply chain. “Consumers have been given a false confidence about

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GJEPC & DMCC Working out Cooperation

Singapore: India’s Gem and Jewellery Export Promotion Council (GJEPC) is working with the Dubai Multi Commodities Centre (DMCC) to set up goods delivery standards for gold and diamond trade, a senior industry official said here. According to a report published in businessworld.in, gold and diamond form a major part of the multi-faceted trade and commerce relationship between India and the

Read More »

India to Become Vice Chair of KP in 2018

Brisbane: At the recently concluded Plenary Meeting of the Kimberly Process (KP) that was held in Brisbane, Australia from December 9-14, 2017, India was appointed as the Vice-Chair of the KP for the year 2018. While the European Union (EU) will take the Chair for 2018, India will assume the role of the KP Chair in 2019. This is in

Read More »

Naga Chaitanya Chooses Platinum for Distinctive Style

Hyderabad: Amidst much fanfare, South India’s favourite actor, Naga Chaitanya unveiled an unique range of Platinum Men’s jewellery inspired by the international trend of “Bold Minimalism” at the Joyalukkas store in Hyderabad recently. Naga Chaitanya, looking suave wearing a Platinum bracelet and chain, his two favourite pieces from the new collection was joined by Mr. Rajesh Krishnan (Manager- Retail, Joyalukkas-Indian

Read More »

‘Impact’ Leaves Kimberley Process

Brisbane: Impact, a founding member has withdrawn from the Kimberley Process (KP), claiming that the conflict diamond certification scheme has lost its legitimacy. Impact says the internal controls used by governments do not provide the evidence of traceability and due diligence needed to ensure a clean, conflict-free, and legal diamond supply chain. “Consumers have been given a false confidence about

Read More »

GJEPC & DMCC Working out Cooperation

Singapore: India’s Gem and Jewellery Export Promotion Council (GJEPC) is working with the Dubai Multi Commodities Centre (DMCC) to set up goods delivery standards for gold and diamond trade, a senior industry official said here. According to a report published in businessworld.in, gold and diamond form a major part of the multi-faceted trade and commerce relationship between India and the

Read More »

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