Global Gold City Project Announced
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Now That a Jobs Miss Broke Gold’s Resistance, Can Silver Clear Its Ceiling?
Macro Snapshot: The FOMC held rates at 3.50 to 3.75% on July 29 by a 9 to 3 vote, with three members dissenting in favour of a quarter-point hike. Chair Kevin Warsh described inflation as a ‘choice’ and made clear the Committee would move quickly if incoming inflation data ran hot. Going into the week ending August 7, CME FedWatch put September hike odds near 58%. That framing collapsed on Friday. The Bureau of Labor Statistics reported that US employers
Now That a Jobs Miss Broke Gold’s Resistance, Can Silver Clear Its Ceiling?
Macro Snapshot: The FOMC held rates at 3.50 to 3.75% on July 29 by a 9 to 3 vote, with three members dissenting in favour of a quarter-point hike. Chair Kevin Warsh described inflation as a ‘choice’ and made clear the Committee would move quickly if incoming inflation data ran hot. Going into the week ending August 7, CME FedWatch put September hike odds near 58%. That framing collapsed on Friday. The Bureau of Labor Statistics reported that US employers
Top News
Botswana Mulls SEZ to House Diamond Trading Hub
Gaborone: Botswana is set to introduce a Special Economic Zone (SEZ) near the Sir Seretse Khama International Airport outside Gaborone, where the relocated Diamond Trading Company would be the “anchor enterprise”, according to news reports. Royal HaskoningDHV would be responsible for the masterplan review in a joint venture with the company’s local branch. Namibia Economist reports that the special economic
Israel Diamond Ex. Opens Internet Marketing Wing
Ramat Gan: The Israel Diamond Exchange (IDE) opened a new wing dedicated to promoting internet marketing among its members. Over the past year the Israeli Diamond Industry has introduced several electronic commerce initiatives, signaling a new direction for the industry. This year IDE together with the Israel Diamond Institute launched GET-DIAMONDS, the Israeli Diamond Industry’s official diamond trading platform. It
India’s Polished Exports Down in April
Mumbai: India’s polished diamond exports for April fell 2% year on year to $1.75 billion, figures from the nation’s Gem & Jewellery Export Promotion Council (GJEPC) showed this week. By volume, exports of polished dropped 9% to 2.4 million carats, with the average price growing 8% to $737 per carat. Polished imports slid 17% to $184.9 million, meaning net polished
ALROSA President Visits Angola
Luanda: The president of ALROSA Sergey Ivanov paid a working visit to the Republic of Angola. He inspected the production facilities of the company and held a number of working meetings with Angolan partners to discuss the prospects for the development of ALROSA investment projects in the country. During the meeting with Carlos Sumbula, Chairman of the Board of Directors
Botswana Mulls SEZ to House Diamond Trading Hub
Gaborone: Botswana is set to introduce a Special Economic Zone (SEZ) near the Sir Seretse Khama International Airport outside Gaborone, where the relocated Diamond Trading Company would be the “anchor enterprise”, according to news reports. Royal HaskoningDHV would be responsible for the masterplan review in a joint venture with the company’s local branch. Namibia Economist reports that the special economic
Israel Diamond Ex. Opens Internet Marketing Wing
Ramat Gan: The Israel Diamond Exchange (IDE) opened a new wing dedicated to promoting internet marketing among its members. Over the past year the Israeli Diamond Industry has introduced several electronic commerce initiatives, signaling a new direction for the industry. This year IDE together with the Israel Diamond Institute launched GET-DIAMONDS, the Israeli Diamond Industry’s official diamond trading platform. It
India’s Polished Exports Down in April
Mumbai: India’s polished diamond exports for April fell 2% year on year to $1.75 billion, figures from the nation’s Gem & Jewellery Export Promotion Council (GJEPC) showed this week. By volume, exports of polished dropped 9% to 2.4 million carats, with the average price growing 8% to $737 per carat. Polished imports slid 17% to $184.9 million, meaning net polished
ALROSA President Visits Angola
Luanda: The president of ALROSA Sergey Ivanov paid a working visit to the Republic of Angola. He inspected the production facilities of the company and held a number of working meetings with Angolan partners to discuss the prospects for the development of ALROSA investment projects in the country. During the meeting with Carlos Sumbula, Chairman of the Board of Directors
