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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
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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ALROSA Recovered 27.85 ct. Pink Diamond
Moscow: “Almazy Anabara”, a subsidiary of ALROSA, recovered a large pink rough diamond weighing 27.85 carats. This is a unique discovery by far the largest company’s pink rough diamond had a weight of about 4 carats. If the company decides to cut this stone, it could become the most expensive polished diamond in the history of ALROSA. The rough diamond
Exploring the Beauty in Diamonds at HKE
Mumbai: Forevermark, the diamond brand from The De Beers Group of Companies recently arranged a factory visit of Hari Krishna Exports (HKE) based in Surat. HKE has sailed through last two-and-a-half decades, and its growth reflects that of India’s diamond trade as a whole. The manufacturer and polished-diamond supplier, which celebrates its 25th anniversary this year, has gone from having
‘Hari Krishna Sarovar’ Inaugurated
Amreli (Gujarat, India): On the occasion of his Birthday, India’s Prime Minster Mr. Narendra Modi inaugurated “Hari Krishna Sarovar” (Lake) through Video Conference from Amreli in Gujarat. The Lake which has been constructed is a brainchild of Mr. Savji Dholakia, reputed diamond merchant who hails from small time village named Dudhala from this region. Mr. Savji Dholakia got inspiration to
De Beers' Initiatives to Empower Women
Gaborone: De Beers Group today announced a three-year partnership with UN Women to accelerate the advancement of women across its organisation, in its diamond producing countries and in its marketing. As a UN Women partner, De Beers has committed to achieving parity in the appointment of women and men into senior leadership roles, investing in women micro-entrepreneurs and STEM students
ALROSA Recovered 27.85 ct. Pink Diamond
Moscow: “Almazy Anabara”, a subsidiary of ALROSA, recovered a large pink rough diamond weighing 27.85 carats. This is a unique discovery by far the largest company’s pink rough diamond had a weight of about 4 carats. If the company decides to cut this stone, it could become the most expensive polished diamond in the history of ALROSA. The rough diamond
Exploring the Beauty in Diamonds at HKE
Mumbai: Forevermark, the diamond brand from The De Beers Group of Companies recently arranged a factory visit of Hari Krishna Exports (HKE) based in Surat. HKE has sailed through last two-and-a-half decades, and its growth reflects that of India’s diamond trade as a whole. The manufacturer and polished-diamond supplier, which celebrates its 25th anniversary this year, has gone from having
‘Hari Krishna Sarovar’ Inaugurated
Amreli (Gujarat, India): On the occasion of his Birthday, India’s Prime Minster Mr. Narendra Modi inaugurated “Hari Krishna Sarovar” (Lake) through Video Conference from Amreli in Gujarat. The Lake which has been constructed is a brainchild of Mr. Savji Dholakia, reputed diamond merchant who hails from small time village named Dudhala from this region. Mr. Savji Dholakia got inspiration to
De Beers' Initiatives to Empower Women
Gaborone: De Beers Group today announced a three-year partnership with UN Women to accelerate the advancement of women across its organisation, in its diamond producing countries and in its marketing. As a UN Women partner, De Beers has committed to achieving parity in the appointment of women and men into senior leadership roles, investing in women micro-entrepreneurs and STEM students
