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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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

Read More »

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A Unique Tribute to Mother Teresa by Laksh Pahuja

Mumbai: India’s globally renowned jewellery designer Mr. Laksh Pahuja has crafted a unique piece of jewellery to pay tribute to Saint Mother Teresa. Mr. Sanjay Kothari, the former chairman of India’s Gem & Jewellery Export Promotion Council (GJEPC) unveiled the piece today at the 34th India International Jewellery Show (IIJS) in presence of select industry leaders and media persons. Highly

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De Beers H1 Output up 21% to 16.1 Million Carats

Gaborone: Anglo American said De Beers’ rough diamond production leaped 21 percent to 16.1 million carats during the first half of the year compared with 13.3 million carats, a year earlier, in line with the higher production forecast for 2017. It said Debswana increased its production by 6 percent to 11.1 million carats from 10.5 million carats in the first

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Second Edition of Platinum BSM Marks a Milestone

Chennai: The 2nd season of the Platinum Buyer-Seller Meet, a leading platform for manufacturers and retailers to explore the wide range of platinum jewellery, was held on July 5th, 6th & 7th 2017 in Chennai. The aim of the meet was to showcase new product category opportunities, as well as introduce new designs developed by manufacturers for the upcoming festive

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CIBJO to Hold Conflict Minerals Laws Impact Seminar

Milan: After four years of discussion and deliberation, in May 2017 the European Council and European Parliament provided overwhelming approval to Regulation (EU) 2017/821, which will regulate minerals from conflict areas into the European Union. The new legislation will significantly impact the operating procedures of jewellery companies in the European Union, as well as companies that supply them from outside

Read More »

A Unique Tribute to Mother Teresa by Laksh Pahuja

Mumbai: India’s globally renowned jewellery designer Mr. Laksh Pahuja has crafted a unique piece of jewellery to pay tribute to Saint Mother Teresa. Mr. Sanjay Kothari, the former chairman of India’s Gem & Jewellery Export Promotion Council (GJEPC) unveiled the piece today at the 34th India International Jewellery Show (IIJS) in presence of select industry leaders and media persons. Highly

Read More »

De Beers H1 Output up 21% to 16.1 Million Carats

Gaborone: Anglo American said De Beers’ rough diamond production leaped 21 percent to 16.1 million carats during the first half of the year compared with 13.3 million carats, a year earlier, in line with the higher production forecast for 2017. It said Debswana increased its production by 6 percent to 11.1 million carats from 10.5 million carats in the first

Read More »

Second Edition of Platinum BSM Marks a Milestone

Chennai: The 2nd season of the Platinum Buyer-Seller Meet, a leading platform for manufacturers and retailers to explore the wide range of platinum jewellery, was held on July 5th, 6th & 7th 2017 in Chennai. The aim of the meet was to showcase new product category opportunities, as well as introduce new designs developed by manufacturers for the upcoming festive

Read More »

CIBJO to Hold Conflict Minerals Laws Impact Seminar

Milan: After four years of discussion and deliberation, in May 2017 the European Council and European Parliament provided overwhelming approval to Regulation (EU) 2017/821, which will regulate minerals from conflict areas into the European Union. The new legislation will significantly impact the operating procedures of jewellery companies in the European Union, as well as companies that supply them from outside

Read More »

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