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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
De Beers Group to Consider Investments in Start-Ups
Gaborone: De Beers Group yesterday announced the creation of De Beers Ventures to actively consider the acquisition of minority equity stakes in start-ups and growth companies. The new initiative will consider small investments in areas that may include downstream distribution, consumer brands, marketing platforms, security, cutting and polishing, and imaging technologies. The objectives of the investments will be to generate
JNA Awards Announces 2017 Honourees
Hong Kong: The JNA Awards announced its list of Honourees or finalists across 10 categories on the side lines of the June Hong Kong Jewellery & Gem Fair. The event, now in its sixth year, is a premier awards programme that recognises and celebrates excellence and achievement in the jewellery and gemstone industry, with a focus on advancing the trade
Birla Jewels Sets Foot in Madhya Pradesh
Morar: Birla Jewels Ltd. announced entry of their jewellery retail store “BJEWELZ” in Morar, Madhya Pradesh (India). Birla Jewels, a chain of jewellery retail stores with the launch of their store at Sadar Bazar, Morar offers a vast and versatile collection of modern, contemporary as well as conventional jewellery at affordable prices. With a firm focus on affordability, quality and
IDE Opens Diamond Tech Innovation Center
Ramat Gan: The Israel Diamond Exchange (IDE) joins the “Start-Up Nation” with the opening of Diamond Tech Innovation Center – a technological incubator for Israeli and international diamond-related start-ups. Diamond Tech will provide a home and financial support for start-ups that are in the initial stages of development. Through this initiative IDE plans to promote new technologies for diamonds in
De Beers Group to Consider Investments in Start-Ups
Gaborone: De Beers Group yesterday announced the creation of De Beers Ventures to actively consider the acquisition of minority equity stakes in start-ups and growth companies. The new initiative will consider small investments in areas that may include downstream distribution, consumer brands, marketing platforms, security, cutting and polishing, and imaging technologies. The objectives of the investments will be to generate
JNA Awards Announces 2017 Honourees
Hong Kong: The JNA Awards announced its list of Honourees or finalists across 10 categories on the side lines of the June Hong Kong Jewellery & Gem Fair. The event, now in its sixth year, is a premier awards programme that recognises and celebrates excellence and achievement in the jewellery and gemstone industry, with a focus on advancing the trade
Birla Jewels Sets Foot in Madhya Pradesh
Morar: Birla Jewels Ltd. announced entry of their jewellery retail store “BJEWELZ” in Morar, Madhya Pradesh (India). Birla Jewels, a chain of jewellery retail stores with the launch of their store at Sadar Bazar, Morar offers a vast and versatile collection of modern, contemporary as well as conventional jewellery at affordable prices. With a firm focus on affordability, quality and
IDE Opens Diamond Tech Innovation Center
Ramat Gan: The Israel Diamond Exchange (IDE) joins the “Start-Up Nation” with the opening of Diamond Tech Innovation Center – a technological incubator for Israeli and international diamond-related start-ups. Diamond Tech will provide a home and financial support for start-ups that are in the initial stages of development. Through this initiative IDE plans to promote new technologies for diamonds in
