The Correction is Ten Weeks Old. The Floor Has Not Broken. Is That the Signal?

Macro Snapshot: The week ending July 31 delivered two of the most consequential macro events of 2026, and neither resolved the stalemate that has defined gold and silver for five weeks. On Wednesday July 29, the Federal Reserve held rates at 3.50-3.75% in a divided 9-3 vote. Three regional Fed presidents (Cleveland’s Beth Hammack, Minneapolis’ Neel Kashkari, and Dallas’ Lorie Logan) dissented in favour of an immediate 25 basis point hike, the largest number of dissents for rates to move

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The Correction is Ten Weeks Old. The Floor Has Not Broken. Is That the Signal?

Macro Snapshot: The week ending July 31 delivered two of the most consequential macro events of 2026, and neither resolved the stalemate that has defined gold and silver for five weeks. On Wednesday July 29, the Federal Reserve held rates at 3.50-3.75% in a divided 9-3 vote. Three regional Fed presidents (Cleveland’s Beth Hammack, Minneapolis’ Neel Kashkari, and Dallas’ Lorie Logan) dissented in favour of an immediate 25 basis point hike, the largest number of dissents for rates to move

Read More »

Top News

RJC Elects New Vice-Chairman

Pforzheim: The Responsible Jewellery Council (RJC), the global standards-setting and certification organisation for the entire jewellery supply chain, held its Annual General Meeting (AGM) in Pforzheim, Germany. During the meeting the RJC membership elected Mr Didier Theraulaz (Piaget) as its new Vice-chairman of the Board and re- elected Ms. Feriel Zerouki (De Beers Group) as Honorary Treasurer. RJC members also

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Botswana Says No to Open Details of Deal

Gaborone: Botswana has defended its silence on “mega” diamond mining deals saying that “no country signs transparent agreements”. Reuters recently quoted World Bank Group consultant Nils Handler as saying that government’s decision to keep the negotiation process around contracts for diamond mining and large integrated projects confidential was a cause for concern. He said a more open process, including published

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De Beers Announces Polished Auctions

Gaborone: De Beers Group today announced its Auction Sales business will pilot the sale of its own polished diamonds using auctions for the first time. The sale will comprise a wide range of polished stones manufactured directly from its rough diamonds. The polished diamonds are available following contract manufacturing of De Beers Auction Sales rough diamond products to assess what

Read More »

World Diamond Mark to Hold JCK Talks

Hong Kong: The World Diamond Mark Foundation (WDM) will hold a Keynote Talk in Las Vegas, at JCK LUXURY, on June 4th at Tradewinds C/D, Pool Level of Mandalay Bay, to launch Part of You™, its global diamond retailer promotion campaign and its brand-new B2C website www.passion.diamonds. The event is a must-attend talk for retail jewellers who wish to understand

Read More »

RJC Elects New Vice-Chairman

Pforzheim: The Responsible Jewellery Council (RJC), the global standards-setting and certification organisation for the entire jewellery supply chain, held its Annual General Meeting (AGM) in Pforzheim, Germany. During the meeting the RJC membership elected Mr Didier Theraulaz (Piaget) as its new Vice-chairman of the Board and re- elected Ms. Feriel Zerouki (De Beers Group) as Honorary Treasurer. RJC members also

Read More »

Botswana Says No to Open Details of Deal

Gaborone: Botswana has defended its silence on “mega” diamond mining deals saying that “no country signs transparent agreements”. Reuters recently quoted World Bank Group consultant Nils Handler as saying that government’s decision to keep the negotiation process around contracts for diamond mining and large integrated projects confidential was a cause for concern. He said a more open process, including published

Read More »

De Beers Announces Polished Auctions

Gaborone: De Beers Group today announced its Auction Sales business will pilot the sale of its own polished diamonds using auctions for the first time. The sale will comprise a wide range of polished stones manufactured directly from its rough diamonds. The polished diamonds are available following contract manufacturing of De Beers Auction Sales rough diamond products to assess what

Read More »

World Diamond Mark to Hold JCK Talks

Hong Kong: The World Diamond Mark Foundation (WDM) will hold a Keynote Talk in Las Vegas, at JCK LUXURY, on June 4th at Tradewinds C/D, Pool Level of Mandalay Bay, to launch Part of You™, its global diamond retailer promotion campaign and its brand-new B2C website www.passion.diamonds. The event is a must-attend talk for retail jewellers who wish to understand

Read More »

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