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
Lucara Diamond's Revenues Fall 50% in Q1
Vancouver: Lucara Diamond Corp. has declared first quarter revenues of $26.1 million, or $405 per carat which represents nearly a 50% drop from the $50.6 million earned at $649 per carat in Q1 2016. The company explains the results as follows: “The decrease in revenues in Q1 2017 compared to Q1 2016 was due to a lower volume of carats
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
Lucara Diamond's Revenues Fall 50% in Q1
Vancouver: Lucara Diamond Corp. has declared first quarter revenues of $26.1 million, or $405 per carat which represents nearly a 50% drop from the $50.6 million earned at $649 per carat in Q1 2016. The company explains the results as follows: “The decrease in revenues in Q1 2017 compared to Q1 2016 was due to a lower volume of carats
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
