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 »

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Gem Diamonds High-Quality 80ct. Diamond

London: Gem Diamonds has discovered an 80-carat rough stone that it has described as one of the highest-quality diamonds ever found at its Letšeng mine in Lesotho. The D-color, type-II diamond is relatively small compared with some of the huge stones the mine has produced over the years, including a 114-carat gem the company extracted last month. However, few previous

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WDC Applauds the Start of KP Reform Cycle

Perth: World Diamond Council (WDC) members representing every sector of the diamond industry, joined together on May 1-4 at the 2017 Kimberley Process Intersessional Meeting in Perth. The focus of this year’s meeting was the start of the Kimberley Process Certification Scheme (KPCS) review cycle in order to strengthen the Kimberley Process. For the second year in a row the

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De Beers Pioneers Research on Carbon-Neutral Mining

Gaborone: De Beers Group announced it is leading a ground-breaking research project that aims to deliver carbon-neutral mining at some of the company’s operations in as few as five years. The company’s scientists are working in close collaboration with a team of internationally-renowned scientists to investigate the potential to store large volumes of carbon at its diamond mines through the

Read More »

China’s Jewellery Industry Adapts to Market Changes

Beijing: China’s gold jewellery industry is “keen and determined” to adapt to challenges arising from macroeconomic uncertainties and changes in consumer preferences, according to the World Gold Council (WGC). According to WGC’s Gold Demand Trends Q1 2017, gold jewellery demand in China dropped 2 percent to 176.5 tonnes in the first quarter of 2017 from 179.2 tonnes in the same

Read More »

Gem Diamonds High-Quality 80ct. Diamond

London: Gem Diamonds has discovered an 80-carat rough stone that it has described as one of the highest-quality diamonds ever found at its Letšeng mine in Lesotho. The D-color, type-II diamond is relatively small compared with some of the huge stones the mine has produced over the years, including a 114-carat gem the company extracted last month. However, few previous

Read More »

WDC Applauds the Start of KP Reform Cycle

Perth: World Diamond Council (WDC) members representing every sector of the diamond industry, joined together on May 1-4 at the 2017 Kimberley Process Intersessional Meeting in Perth. The focus of this year’s meeting was the start of the Kimberley Process Certification Scheme (KPCS) review cycle in order to strengthen the Kimberley Process. For the second year in a row the

Read More »

De Beers Pioneers Research on Carbon-Neutral Mining

Gaborone: De Beers Group announced it is leading a ground-breaking research project that aims to deliver carbon-neutral mining at some of the company’s operations in as few as five years. The company’s scientists are working in close collaboration with a team of internationally-renowned scientists to investigate the potential to store large volumes of carbon at its diamond mines through the

Read More »

China’s Jewellery Industry Adapts to Market Changes

Beijing: China’s gold jewellery industry is “keen and determined” to adapt to challenges arising from macroeconomic uncertainties and changes in consumer preferences, according to the World Gold Council (WGC). According to WGC’s Gold Demand Trends Q1 2017, gold jewellery demand in China dropped 2 percent to 176.5 tonnes in the first quarter of 2017 from 179.2 tonnes in the same

Read More »

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