We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
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
Top News
Gem Experts to Join World Ruby Forum
Bangkok: Gem and jewelry experts from across the globe will gather to attend the World Ruby Forum 2017 in Bangkok, Thailand to share their insights on world ruby activities in all dimensions from upstream to downstream. GIT director states that the organization will develop and implement strategies to establish Thailand as the global gem and jewelry trading hub by 2021.
Construction of Surat DB Begins
Surat: Construction work for the Surat Diamond Bourse (SDB) commenced on 25 Oct with the office-bearers of SDB Diamond Bourse, a company floated for the bourse development participating in the foundation laying ceremony, reports The Times of India. The SDB Diamond Bourse has awarded the $237mn contract to the Ahmedabad-based PSP Projects Pvt Ltd for constructing the world’s largest diamond
De Beers to Close Four Namibia Mines
Gaborone: De Beers’ joint venture in Namibia will shut four diamond mines in the country by 2022 due to dwindling resources, Reuters reported. Namdeb, a 50:50 project with the nation’s government, will close the Elizabeth Bay mine at the end of 2018, the Daberas deposit at the end of 2019, Sendelingsdrif in 2020 and the main asset, Southern Coastal, in
Israel’s Diamond Exports Down 12%
Ramat Gan: Israel’s exports of polished diamonds fell 12% y-o-y to $3.38 bn during the first nine months of 2017, while in volume terms, diamonds exported dropped 11% to 1.297 mn karats, as per a report in diamonds.net. Shipments to the US, Israel’s largest market, declined 15% to $1.26 bn during the nine-month period, while exports to Hong Kong slid
Gem Experts to Join World Ruby Forum
Bangkok: Gem and jewelry experts from across the globe will gather to attend the World Ruby Forum 2017 in Bangkok, Thailand to share their insights on world ruby activities in all dimensions from upstream to downstream. GIT director states that the organization will develop and implement strategies to establish Thailand as the global gem and jewelry trading hub by 2021.
Construction of Surat DB Begins
Surat: Construction work for the Surat Diamond Bourse (SDB) commenced on 25 Oct with the office-bearers of SDB Diamond Bourse, a company floated for the bourse development participating in the foundation laying ceremony, reports The Times of India. The SDB Diamond Bourse has awarded the $237mn contract to the Ahmedabad-based PSP Projects Pvt Ltd for constructing the world’s largest diamond
De Beers to Close Four Namibia Mines
Gaborone: De Beers’ joint venture in Namibia will shut four diamond mines in the country by 2022 due to dwindling resources, Reuters reported. Namdeb, a 50:50 project with the nation’s government, will close the Elizabeth Bay mine at the end of 2018, the Daberas deposit at the end of 2019, Sendelingsdrif in 2020 and the main asset, Southern Coastal, in
Israel’s Diamond Exports Down 12%
Ramat Gan: Israel’s exports of polished diamonds fell 12% y-o-y to $3.38 bn during the first nine months of 2017, while in volume terms, diamonds exported dropped 11% to 1.297 mn karats, as per a report in diamonds.net. Shipments to the US, Israel’s largest market, declined 15% to $1.26 bn during the nine-month period, while exports to Hong Kong slid
