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Israel’s Diamond Industry Under Severe Pressure
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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
Top News
ITC to Host Gem Diamonds Rough Tender
Ramat Gan: The Israel Diamond Exchange (IDE) International Tender Center (ITC) will host Gem Diamonds’ first tender of high quality Letšeng production outside of Antwerp. The tender will feature large high value rough diamonds (+10.80 ct) from the Letšeng mine in Lesotho. The viewing will take place at the ITC in theIsrael bourse complex from October 15 – 18, 2017.
AWDC Denounces Accusations
Antwerp: The Antwerp World Diamond Centre (AWDC) denounces accusations made by Global Witness earlier yesterday regarding three shipments of diamonds from Zimbabwe which were traded in Antwerp between December 2013 and September 2014. According to Global Witness, European sanctions that are enforced against Zimbabwe may have been violated, because of the sale of three shipments of Zimbabwean diamonds in Antwerp,
G&J Museum in Jaipur to be Opened Soon
Jaipur: The Rajasthan Chamber of Commerce and Industry (RCCI) is set to unveil a museum that will please jewellery admirers to no end, reports The PinkCity Post. The gems and jewellery museum located inside the Chamber Bhawan, which is yet to be opened to the public, is a rare museum showcasing more than 400 varieties of natural stones and signature
Özlem Tuna Wins Gem Empathy Award
London: Turkish jewellery designer and International Jewellery London (IJL) Design Gallery exhibitor, Özlem Tuna, has won the 2017 Gem Empathy Award with her ‘Dance of Branches’ ring, announced Gem-A. This year, IJL exhibitors from across the globe were tasked with creating a hand-drawn or CAD rendered design based around a beautiful, fancy-cut gemstone sourced from award-winning gem-cutter, John Dyer. The
ITC to Host Gem Diamonds Rough Tender
Ramat Gan: The Israel Diamond Exchange (IDE) International Tender Center (ITC) will host Gem Diamonds’ first tender of high quality Letšeng production outside of Antwerp. The tender will feature large high value rough diamonds (+10.80 ct) from the Letšeng mine in Lesotho. The viewing will take place at the ITC in theIsrael bourse complex from October 15 – 18, 2017.
AWDC Denounces Accusations
Antwerp: The Antwerp World Diamond Centre (AWDC) denounces accusations made by Global Witness earlier yesterday regarding three shipments of diamonds from Zimbabwe which were traded in Antwerp between December 2013 and September 2014. According to Global Witness, European sanctions that are enforced against Zimbabwe may have been violated, because of the sale of three shipments of Zimbabwean diamonds in Antwerp,
G&J Museum in Jaipur to be Opened Soon
Jaipur: The Rajasthan Chamber of Commerce and Industry (RCCI) is set to unveil a museum that will please jewellery admirers to no end, reports The PinkCity Post. The gems and jewellery museum located inside the Chamber Bhawan, which is yet to be opened to the public, is a rare museum showcasing more than 400 varieties of natural stones and signature
Özlem Tuna Wins Gem Empathy Award
London: Turkish jewellery designer and International Jewellery London (IJL) Design Gallery exhibitor, Özlem Tuna, has won the 2017 Gem Empathy Award with her ‘Dance of Branches’ ring, announced Gem-A. This year, IJL exhibitors from across the globe were tasked with creating a hand-drawn or CAD rendered design based around a beautiful, fancy-cut gemstone sourced from award-winning gem-cutter, John Dyer. The
