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The Selloff Deepens, but Demand is Answering: Are Gold-Silver Nearing a Floor?
Macro Snapshot: Two events defined the week ending June 12. On Monday June 9, White House officials indicated that US-Iran nuclear negotiations were making positive progress; oil prices dropped immediately, with WTI crude falling approximately 4% to $87.61 and Brent losing 3.5% to $90.92. Then on Tuesday June 10, the Bureau of Labor Statistics released the May CPI: headline inflation accelerated to 4.2% year-on-year, the highest reading since April 2023, up from 3.8% in April. The monthly increase was 0.5%,
The Selloff Deepens, but Demand is Answering: Are Gold-Silver Nearing a Floor?
Macro Snapshot: Two events defined the week ending June 12. On Monday June 9, White House officials indicated that US-Iran nuclear negotiations were making positive progress; oil prices dropped immediately, with WTI crude falling approximately 4% to $87.61 and Brent losing 3.5% to $90.92. Then on Tuesday June 10, the Bureau of Labor Statistics released the May CPI: headline inflation accelerated to 4.2% year-on-year, the highest reading since April 2023, up from 3.8% in April. The monthly increase was 0.5%,
Top News
ZCDC Suffers Marange Diamond Mining Setback
Harare: The Zimbabwe Consolidated Diamond Company (ZCDC) was recently barred by the High Court from looting diamond ore which belongs to Mbada Diamonds, which was booted out of Marange with other miners last year, according to local media reports. ZCDC had previous defied a similar High Court order issued in February. Mbada had 150 000 tonnes of diamond ore stockpiles
GJEPC to Organise India Pavilion at Carat+
Mumbai: In it’s first, India’s Gem & Jewellery Export Promotion Council (GJEPC) is organising India Pavilion, consisting of leading names at the forthcoming show Carat+ at Antwerp, Belgium. The event is slated from 7th to 9th May 2017. India Pavilion will witness 5 leading Indian companies, spread over a significant 72 sq. mts of exhibition space. The Indian exhibitors are
“Diamonds Do Good” Awards in Las Vegas
New York: The Diamond Empowerment Fund (D.E.F) announced a powerful program for its “Diamonds Do Good” Awards gala set for June 4 at the Four Seasons Ballroom in Las Vegas. Iconic retailer Helzberg Diamonds will receive the Corporate Legacy of Philanthropy Award, Mrs. Graça Machel Mandela, former first lady of both Mozambique and South Africa will receive the first-ever “Diamonds
Registration for CIBJO Congress 2017 Opens
Milan: Registration for the 2017 congress of CIBJO, the World Jewellery Confederation, is now open. Delegates and other participants may register for the congress, as well as book hotel rooms, via a dedicated congress website located at: http://www.cibjo.org/congress2017. The 2017 CIBJO Congress will take place in Bangkok, Thailand, November 5-7, 2017, with pre-congress meetings beginning on November 2. The World
ZCDC Suffers Marange Diamond Mining Setback
Harare: The Zimbabwe Consolidated Diamond Company (ZCDC) was recently barred by the High Court from looting diamond ore which belongs to Mbada Diamonds, which was booted out of Marange with other miners last year, according to local media reports. ZCDC had previous defied a similar High Court order issued in February. Mbada had 150 000 tonnes of diamond ore stockpiles
GJEPC to Organise India Pavilion at Carat+
Mumbai: In it’s first, India’s Gem & Jewellery Export Promotion Council (GJEPC) is organising India Pavilion, consisting of leading names at the forthcoming show Carat+ at Antwerp, Belgium. The event is slated from 7th to 9th May 2017. India Pavilion will witness 5 leading Indian companies, spread over a significant 72 sq. mts of exhibition space. The Indian exhibitors are
“Diamonds Do Good” Awards in Las Vegas
New York: The Diamond Empowerment Fund (D.E.F) announced a powerful program for its “Diamonds Do Good” Awards gala set for June 4 at the Four Seasons Ballroom in Las Vegas. Iconic retailer Helzberg Diamonds will receive the Corporate Legacy of Philanthropy Award, Mrs. Graça Machel Mandela, former first lady of both Mozambique and South Africa will receive the first-ever “Diamonds
Registration for CIBJO Congress 2017 Opens
Milan: Registration for the 2017 congress of CIBJO, the World Jewellery Confederation, is now open. Delegates and other participants may register for the congress, as well as book hotel rooms, via a dedicated congress website located at: http://www.cibjo.org/congress2017. The 2017 CIBJO Congress will take place in Bangkok, Thailand, November 5-7, 2017, with pre-congress meetings beginning on November 2. The World
