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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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

Read More »

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Argyle Pink Tender Delivers Record Result

Perth: Rio Tinto’s 2017 Argyle Pink Diamonds Tender collection of 58 rare pink, red and violet diamonds from its Argyle mine has delivered a record result, reflecting strong global demand for these increasingly rare diamonds. Known as Custodions of Rare Beauty, the 2017 collection of 58 pink, red and blue diamonds was highly sought after with the winners comprising collectors,

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CIBJO Congress 2017 Successfully Concluded

Bangkok: CIBJO, the World Jewellery Confederation, has successfully concluded its annual congress in Bangkok, Thailand. The three-day event, running from November 5 through 7, brought from around the world some 150 official delegates and a total about 300 participants, and covered a wide range of issues on the agenda of the international gemstone and jewellery industry. There was a strong

Read More »

India International Diamond Week Begins in Mumbai

The first ever India International Diamond Week organised within the country by The Gem & Jewellery Export Promotion Council (GJEPC) opened this morning at the JW Marriott Hotel in Sahar, Mumbai. The show has 48 leading Indian diamond companies as exhibitors and nearly 115 international visitors from across 11 countries including USA, China, Turkey, Russia, South Korea, Taiwan, Middle East

Read More »

Fancy Color Diamond Prices Up in Q3

New York: The Fancy Color Diamond Index for the third quarter of 2017 indicates a slight rise overall of 0.2% over Q2 2017, for yellow, pink and blue fancy color diamonds in all sizes and saturations. Moreover, the index shows that in Q3 prices of fancy blue and pink color diamonds appreciated 0.4% and 0.3% respectively. Similar to Q1 2017

Read More »

Argyle Pink Tender Delivers Record Result

Perth: Rio Tinto’s 2017 Argyle Pink Diamonds Tender collection of 58 rare pink, red and violet diamonds from its Argyle mine has delivered a record result, reflecting strong global demand for these increasingly rare diamonds. Known as Custodions of Rare Beauty, the 2017 collection of 58 pink, red and blue diamonds was highly sought after with the winners comprising collectors,

Read More »

CIBJO Congress 2017 Successfully Concluded

Bangkok: CIBJO, the World Jewellery Confederation, has successfully concluded its annual congress in Bangkok, Thailand. The three-day event, running from November 5 through 7, brought from around the world some 150 official delegates and a total about 300 participants, and covered a wide range of issues on the agenda of the international gemstone and jewellery industry. There was a strong

Read More »

India International Diamond Week Begins in Mumbai

The first ever India International Diamond Week organised within the country by The Gem & Jewellery Export Promotion Council (GJEPC) opened this morning at the JW Marriott Hotel in Sahar, Mumbai. The show has 48 leading Indian diamond companies as exhibitors and nearly 115 international visitors from across 11 countries including USA, China, Turkey, Russia, South Korea, Taiwan, Middle East

Read More »

Fancy Color Diamond Prices Up in Q3

New York: The Fancy Color Diamond Index for the third quarter of 2017 indicates a slight rise overall of 0.2% over Q2 2017, for yellow, pink and blue fancy color diamonds in all sizes and saturations. Moreover, the index shows that in Q3 prices of fancy blue and pink color diamonds appreciated 0.4% and 0.3% respectively. Similar to Q1 2017

Read More »

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