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
IDE Publishes Code of Ethics
Ramat Gan: The Israel Diamond Exchange (IDE) has published a code of ethics written specifically by Israeli professor Asa Kasher, the IDI portal announced. IDE President Yoram Dvash said: “I am proud to be the first bourse president in the world to launch a code of ethics. It combines very well the IDE’s path – a path of transparency and
Chow Tai Fook Posts Solid Sales Growth in Q4
Hong Kong: Hong-Kong based Chow Tai Fook, reports strong retail sales growth in the fiscal fourth quarter, reversing 12 consecutive quarters (3 years) of same store sales decline in Hong Kong and Macau, dating back to Q4 2014. The uptick was strongest in Mainland China, where overall retail sales value increased 16% while same store sales rose 12%. Overall and
GJEPC to Set up G&J Institutes in Varanasi and Udupi
Mumbai: The Gem & Jewellery Export Promotion Council of India (GJEPC) is setting up the Indian Institute of Gem & Jewellery (IIGJ) at Varanasi in Uttar Pradesh and Udupi in Karnataka to enhance artisans skills for gem & jewellery sector. “We are setting up two more IIGJ institutes in Varansi and Udupi and expand our Mumbai facility. We are investing
Chocolate Diamonds Gaining Popularity
Perth: ‘Chocolate’ diamonds have gained in popularity in recent years, to the chagrin of many purists. For years some diamond jewelry companies have been accused of generating a hype about diamonds traditionally seen as bottom-the-barrel stones, effectively deceiving end consumers by re-branding brown diamonds as ‘chocolate’. Jezebel and the Daily Mail have gone so far as to call these jewelers
IDE Publishes Code of Ethics
Ramat Gan: The Israel Diamond Exchange (IDE) has published a code of ethics written specifically by Israeli professor Asa Kasher, the IDI portal announced. IDE President Yoram Dvash said: “I am proud to be the first bourse president in the world to launch a code of ethics. It combines very well the IDE’s path – a path of transparency and
Chow Tai Fook Posts Solid Sales Growth in Q4
Hong Kong: Hong-Kong based Chow Tai Fook, reports strong retail sales growth in the fiscal fourth quarter, reversing 12 consecutive quarters (3 years) of same store sales decline in Hong Kong and Macau, dating back to Q4 2014. The uptick was strongest in Mainland China, where overall retail sales value increased 16% while same store sales rose 12%. Overall and
GJEPC to Set up G&J Institutes in Varanasi and Udupi
Mumbai: The Gem & Jewellery Export Promotion Council of India (GJEPC) is setting up the Indian Institute of Gem & Jewellery (IIGJ) at Varanasi in Uttar Pradesh and Udupi in Karnataka to enhance artisans skills for gem & jewellery sector. “We are setting up two more IIGJ institutes in Varansi and Udupi and expand our Mumbai facility. We are investing
Chocolate Diamonds Gaining Popularity
Perth: ‘Chocolate’ diamonds have gained in popularity in recent years, to the chagrin of many purists. For years some diamond jewelry companies have been accused of generating a hype about diamonds traditionally seen as bottom-the-barrel stones, effectively deceiving end consumers by re-branding brown diamonds as ‘chocolate’. Jezebel and the Daily Mail have gone so far as to call these jewelers
