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The 200-Day Held: Now Comes the Test That Decides Whether the Bounce is a Reversal
Macro Snapshot: The week ending July 3 broke a five-week decline for both gold and silver. Gold posted its first weekly gain since late May and silver led the recovery with a much larger move. The trigger was a weaker-than-expected US jobs report, which reset rate-hike expectations and pushed the dollar to its largest weekly decline since April. Layered underneath were two other significant developments: the release of the World Gold Council’s Mid-Year Outlook on Tuesday July 1 (covered in
The 200-Day Held: Now Comes the Test That Decides Whether the Bounce is a Reversal
Macro Snapshot: The week ending July 3 broke a five-week decline for both gold and silver. Gold posted its first weekly gain since late May and silver led the recovery with a much larger move. The trigger was a weaker-than-expected US jobs report, which reset rate-hike expectations and pushed the dollar to its largest weekly decline since April. Layered underneath were two other significant developments: the release of the World Gold Council’s Mid-Year Outlook on Tuesday July 1 (covered in
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Reena Ahluwalia Receives Fellow Award
Toronto: After an extensive vetting process, Toronto’s George Brown College chose jewelry designer Reena Ahluwalia to serve as their keynote speaker at Convocation 2017. According to Dean Luigi Ferrara, “Reena’s influential work in the global diamond and jewelry industry, her achievements in the world of Fashion and Visual Art and service as Faculty and mentor to so many of our
CIBJO Releases Ethics Comm's Sp. Report
Milan: With fewer than five weeks to go to the opening of the 2017 CIBJO Congress in Bangkok, Thailand, on November 5, 2017, the fifth of the CIBJO commissions’ Special Reports has been released. Prepared by Cecilia Gardner, President of the organisation’s Ethics Commission, the report focuses on social investment in and by the jewellery industry, looking at how it
India’s G&J Exports Fell by 8% in April-Aug
Mumbai: India’s Gems and jewellery exports contracted 8.12 per cent to $13.5 billion during April-August this year, according to the Gem and Jewellery Export Promotion Council (GJEPC) data. This compares with $14.7 billion in the same period last year. The labour-intensive sector contributes about 14 per cent to the country’s overall export. The drop in shipments is mainly due to
Platinum Maintains Impressive Growth Rate
Mumbai: In India, the Platinum Guild International’s (PGI) marketing efforts are helping drive the rapid growth in platinum jewellery demand. Demand in June was also boosted by a rush to buy jewellery to take advantage of the lower prices just before the introduction of the new Goods and Services Tax (GST) from 1 July. Ms. Vaishali Banerjee, MD India, PGI
Reena Ahluwalia Receives Fellow Award
Toronto: After an extensive vetting process, Toronto’s George Brown College chose jewelry designer Reena Ahluwalia to serve as their keynote speaker at Convocation 2017. According to Dean Luigi Ferrara, “Reena’s influential work in the global diamond and jewelry industry, her achievements in the world of Fashion and Visual Art and service as Faculty and mentor to so many of our
CIBJO Releases Ethics Comm's Sp. Report
Milan: With fewer than five weeks to go to the opening of the 2017 CIBJO Congress in Bangkok, Thailand, on November 5, 2017, the fifth of the CIBJO commissions’ Special Reports has been released. Prepared by Cecilia Gardner, President of the organisation’s Ethics Commission, the report focuses on social investment in and by the jewellery industry, looking at how it
India’s G&J Exports Fell by 8% in April-Aug
Mumbai: India’s Gems and jewellery exports contracted 8.12 per cent to $13.5 billion during April-August this year, according to the Gem and Jewellery Export Promotion Council (GJEPC) data. This compares with $14.7 billion in the same period last year. The labour-intensive sector contributes about 14 per cent to the country’s overall export. The drop in shipments is mainly due to
Platinum Maintains Impressive Growth Rate
Mumbai: In India, the Platinum Guild International’s (PGI) marketing efforts are helping drive the rapid growth in platinum jewellery demand. Demand in June was also boosted by a rush to buy jewellery to take advantage of the lower prices just before the introduction of the new Goods and Services Tax (GST) from 1 July. Ms. Vaishali Banerjee, MD India, PGI
