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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De Beers Announced New Appointments

Gaborone: De Beers Group today announced three new additions to its Executive Committee. Ann Cormack will succeed Arthur Hewett as Executive Head, Human Resources, as of October 2017. David Prager joins the Executive Committee as Executive Vice-President, Corporate Affairs, and Nancy Liu joins as Chief Operating Officer, Forevermark, both with immediate effect. Ann will join De Beers from Rolls-Royce, where

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Forevermark Glitters at The IIJS

Mumbai: Forevermark, the diamond brand from The De Beers Group of Companies participated for the third consecutive year at one of India’s most premium jewellery fairs, The India International Jewellery show (IIJS) which was held at the Bombay Exhibition centre from 27th to 31st July, 2017. De Beers lends a heritage of over 128 years and certifies that each Forevermark

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De Beers Rough Sales up in 6th Cycle of '17

Gaborone: De Beers reported a provisional sales figure of $572 million in its sixth sales cycle of 2017 which took place last week. The figure compares with of $528 million in its sixth sales cycle of 2016. Bruce Cleaver, CEO, De Beers Group, said: “The sixth sales cycle of the year maintained the trend of consistently good demand for De

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Origins of Argyle Necklace Debuts in NY

Perth: Rio Tinto’s famed champagne and cognac diamonds from its Argyle diamond mine have been showcased in a signature piece of jewellery in New York, in celebration of their unique Australian provenance and the diamond ties that bind Australia and the US. The Origins of Argyle statement necklace features more than 45 carats of cascading champagne and cognac diamonds and

Read More »

De Beers Announced New Appointments

Gaborone: De Beers Group today announced three new additions to its Executive Committee. Ann Cormack will succeed Arthur Hewett as Executive Head, Human Resources, as of October 2017. David Prager joins the Executive Committee as Executive Vice-President, Corporate Affairs, and Nancy Liu joins as Chief Operating Officer, Forevermark, both with immediate effect. Ann will join De Beers from Rolls-Royce, where

Read More »

Forevermark Glitters at The IIJS

Mumbai: Forevermark, the diamond brand from The De Beers Group of Companies participated for the third consecutive year at one of India’s most premium jewellery fairs, The India International Jewellery show (IIJS) which was held at the Bombay Exhibition centre from 27th to 31st July, 2017. De Beers lends a heritage of over 128 years and certifies that each Forevermark

Read More »

De Beers Rough Sales up in 6th Cycle of '17

Gaborone: De Beers reported a provisional sales figure of $572 million in its sixth sales cycle of 2017 which took place last week. The figure compares with of $528 million in its sixth sales cycle of 2016. Bruce Cleaver, CEO, De Beers Group, said: “The sixth sales cycle of the year maintained the trend of consistently good demand for De

Read More »

Origins of Argyle Necklace Debuts in NY

Perth: Rio Tinto’s famed champagne and cognac diamonds from its Argyle diamond mine have been showcased in a signature piece of jewellery in New York, in celebration of their unique Australian provenance and the diamond ties that bind Australia and the US. The Origins of Argyle statement necklace features more than 45 carats of cascading champagne and cognac diamonds and

Read More »

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