We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Hawkish Fed Comments on Inflation Landed Right at Both Metals’ Supply Zones, and the Correction Wrote Itself
Macro Snapshot: The correction in gold and silver during the week ending August 28 was a confluence event. Both metals had rallied into well-defined supply zones (gold at ₹162,000-164,000, silver at ₹244,000-248,000) and were showing early signs of exhaustion. Into that setup, the July PCE release on August 26 came in hot on the headline (3.7% year over year against 3.6% consensus), and Federal Reserve Chair Kevin Warsh’s August 28 Jackson Hole address leaned decisively hawkish on inflation. The trigger
Hawkish Fed Comments on Inflation Landed Right at Both Metals’ Supply Zones, and the Correction Wrote Itself
Macro Snapshot: The correction in gold and silver during the week ending August 28 was a confluence event. Both metals had rallied into well-defined supply zones (gold at ₹162,000-164,000, silver at ₹244,000-248,000) and were showing early signs of exhaustion. Into that setup, the July PCE release on August 26 came in hot on the headline (3.7% year over year against 3.6% consensus), and Federal Reserve Chair Kevin Warsh’s August 28 Jackson Hole address leaned decisively hawkish on inflation. The trigger
Top News
Stornoway Diamond Sells $35.4 Mln in 1Q
Toronto: Canadian miner Stornoway Diamond Corporation earned US$35.4 million (C$48.5m) from the sale of 459,126 carats rough of stones for the quarter ended March 31, 2017, the first full operating period for the Renard Mine. Commercial production was officially declared on January 1, 2017. Total diamond sales since the project began now stand at 498,039 carats at an average price
Government Representatives Visit GJSCI in Surat
Surat Parliamentary Standing Committee on Labour visited Training Centres of GJSCI on Monday. The visit saw the esteemed presence of 20 Members of Parliament led by chairperson Shri. Kirit Somaiya, MP & other prominent personalities like Mr. Rajesh Agarwal (Jt. Secretary MSDE), Jayant Krishna (COO “NSDC), Mr. Gaurav Kapoor (Head- Industry Partnership &CSR; SSC Engagement-NSDC), Mr. Rajesh Agarwal (NSDC) and
Israel Diamond Trade Enjoys Rare Growth
Ramat Gan: Israel’s polished diamond exports bounced back in the first quarter as orders from Switzerland and the US grew during the period. Outbound shipments of polished jumped 16% to $1.7 billion in the January-to-March period, according to the nation’s Ministry of Industry, Trade and Labor. The increase was only the third positive quarter for polished exports out of the
Hong Kong Diamond Trade Advances in 1Q
Hog Kong: Hong Kong’s polished diamond trading rose in the first quarter as the municipality imported more stones and at a higher average price. Inbound polished shipments jumped 11% to $4.71 billion during the three months that ended March 31, according to data recently published by the Diamond Federation of Hong Kong, China. By weight, polished imports increased 3.4% to
Stornoway Diamond Sells $35.4 Mln in 1Q
Toronto: Canadian miner Stornoway Diamond Corporation earned US$35.4 million (C$48.5m) from the sale of 459,126 carats rough of stones for the quarter ended March 31, 2017, the first full operating period for the Renard Mine. Commercial production was officially declared on January 1, 2017. Total diamond sales since the project began now stand at 498,039 carats at an average price
Government Representatives Visit GJSCI in Surat
Surat Parliamentary Standing Committee on Labour visited Training Centres of GJSCI on Monday. The visit saw the esteemed presence of 20 Members of Parliament led by chairperson Shri. Kirit Somaiya, MP & other prominent personalities like Mr. Rajesh Agarwal (Jt. Secretary MSDE), Jayant Krishna (COO “NSDC), Mr. Gaurav Kapoor (Head- Industry Partnership &CSR; SSC Engagement-NSDC), Mr. Rajesh Agarwal (NSDC) and
Israel Diamond Trade Enjoys Rare Growth
Ramat Gan: Israel’s polished diamond exports bounced back in the first quarter as orders from Switzerland and the US grew during the period. Outbound shipments of polished jumped 16% to $1.7 billion in the January-to-March period, according to the nation’s Ministry of Industry, Trade and Labor. The increase was only the third positive quarter for polished exports out of the
Hong Kong Diamond Trade Advances in 1Q
Hog Kong: Hong Kong’s polished diamond trading rose in the first quarter as the municipality imported more stones and at a higher average price. Inbound polished shipments jumped 11% to $4.71 billion during the three months that ended March 31, according to data recently published by the Diamond Federation of Hong Kong, China. By weight, polished imports increased 3.4% to
