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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

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
Top News

DDE’s Biennial Conference Taking Place in October
Dubai: The Dubai Diamond Exchange (DDE) has announced the third edition of its biennial two-day Dubai Diamond Conference 2017, with the theme ‘Destination Next – Shaping the future of an interconnected marketplace’. Ahmed Bin Sulayem, Executive Chairman, DMCC (Dubai Multi Commodities Centre), said, “Dubai has evolved rapidly as one of the world’s leading trading centers for rough diamonds and we

2nd Platinum BSM Begins from 5th July in Chennai
Mumbai: After the success of the first edition of the ‘Platinum Buyer-Seller Meet’ (BSM), Platinum Guild International (PGI) is back with its second edition. The 2nd edition of the Platinum Buyer seller meet will be held in Chennai from 5th to 7th July 2017 exclusively for the manufactures & retailers of Platinum Jewellery in India. The agenda of the meet

KP Chair Held Meeting with GJEPC
Mumbai: The Chair of the Kimberley Process (KP), Mr. Robert Owen-Jones, Assistant Secretary, Australian Competitiveness Branch Department of Foreign Affairs and Trade visited India last week to acquaint himself with the workings of the Indian diamond industry and the system for implementing the KP Certification Scheme. In Mumbai, Mr Owens met a delegation of India’s Gem & Jewellery Export Promotion

Merlin Finds Two Pink Diamonds in Australia
Perth: Merlin Diamonds recovered two pink diamonds at its mine in Australia’s Northern Territory, the company said Monday. While extremely small at 0.039 carats and 0.025 carats, the rough stones indicate the possibility of finding further pink diamonds at the Merlin mine, according to a statement by the company. The miner discovered a 0.70-carat pink diamond earlier this year —

DDE’s Biennial Conference Taking Place in October
Dubai: The Dubai Diamond Exchange (DDE) has announced the third edition of its biennial two-day Dubai Diamond Conference 2017, with the theme ‘Destination Next – Shaping the future of an interconnected marketplace’. Ahmed Bin Sulayem, Executive Chairman, DMCC (Dubai Multi Commodities Centre), said, “Dubai has evolved rapidly as one of the world’s leading trading centers for rough diamonds and we

2nd Platinum BSM Begins from 5th July in Chennai
Mumbai: After the success of the first edition of the ‘Platinum Buyer-Seller Meet’ (BSM), Platinum Guild International (PGI) is back with its second edition. The 2nd edition of the Platinum Buyer seller meet will be held in Chennai from 5th to 7th July 2017 exclusively for the manufactures & retailers of Platinum Jewellery in India. The agenda of the meet

KP Chair Held Meeting with GJEPC
Mumbai: The Chair of the Kimberley Process (KP), Mr. Robert Owen-Jones, Assistant Secretary, Australian Competitiveness Branch Department of Foreign Affairs and Trade visited India last week to acquaint himself with the workings of the Indian diamond industry and the system for implementing the KP Certification Scheme. In Mumbai, Mr Owens met a delegation of India’s Gem & Jewellery Export Promotion

Merlin Finds Two Pink Diamonds in Australia
Perth: Merlin Diamonds recovered two pink diamonds at its mine in Australia’s Northern Territory, the company said Monday. While extremely small at 0.039 carats and 0.025 carats, the rough stones indicate the possibility of finding further pink diamonds at the Merlin mine, according to a statement by the company. The miner discovered a 0.70-carat pink diamond earlier this year —
