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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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

Read More »

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GST Locks Rs. 8000 cr. of India's G&J Ind.

Kolkata: India’s Gem and Jewellery Export Promotion Council (GJEPC) yesterday said the Goods and Services Tax (GST) has led to locking of some Rs 8000 crore for the exporters. “GST on exporters has led to Rs. 4,000 crore getting stuck for diamond jewellery exporters and the same amount for gold jewellery exporters as working capital. From where will this amount

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Diamonds Alrosa to Hold Polished Auctions

Moscow: DIAMONDS ALROSA will auction its own polished diamonds during the Hong Kong Jewellery & Gem Fair in September. The first auction will take place on September 13-17, introducing large colorless diamonds, as well as certified fancy colored diamonds, including yellow, green, orange and purple colors. The second auction will be held on September 19-22. Diamonds of small and medium

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India Starts World's 1st Diamond Futures Ex.

Mumbai: The Indian Commodity Exchange Limited (ICEX), which is backed by companies including Reliance Capital and MMTC, will start trading in 1 carat/100 cent contracts, to later add 50 cent and 30 cent contracts, according to a statement issued by ICEX. About 90% of the global rough diamond supply is cut and polished in India, with the sector employing around

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De Beers to Invest $140 Mln, in Marketing

Gaborone: De Beers Group has announced it will invest more than US$140 million in marketing this year – its biggest spend since 2008. The increased investment will be focused on generating further consumer demand for diamond jewellery in the leading markets globally, with the greatest spend targeted in the US, China and India. While the majority of the investment will

Read More »

GST Locks Rs. 8000 cr. of India's G&J Ind.

Kolkata: India’s Gem and Jewellery Export Promotion Council (GJEPC) yesterday said the Goods and Services Tax (GST) has led to locking of some Rs 8000 crore for the exporters. “GST on exporters has led to Rs. 4,000 crore getting stuck for diamond jewellery exporters and the same amount for gold jewellery exporters as working capital. From where will this amount

Read More »

Diamonds Alrosa to Hold Polished Auctions

Moscow: DIAMONDS ALROSA will auction its own polished diamonds during the Hong Kong Jewellery & Gem Fair in September. The first auction will take place on September 13-17, introducing large colorless diamonds, as well as certified fancy colored diamonds, including yellow, green, orange and purple colors. The second auction will be held on September 19-22. Diamonds of small and medium

Read More »

India Starts World's 1st Diamond Futures Ex.

Mumbai: The Indian Commodity Exchange Limited (ICEX), which is backed by companies including Reliance Capital and MMTC, will start trading in 1 carat/100 cent contracts, to later add 50 cent and 30 cent contracts, according to a statement issued by ICEX. About 90% of the global rough diamond supply is cut and polished in India, with the sector employing around

Read More »

De Beers to Invest $140 Mln, in Marketing

Gaborone: De Beers Group has announced it will invest more than US$140 million in marketing this year – its biggest spend since 2008. The increased investment will be focused on generating further consumer demand for diamond jewellery in the leading markets globally, with the greatest spend targeted in the US, China and India. While the majority of the investment will

Read More »

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