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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
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
Top News
Namibia Earns $305m from De Beers
Windhoek: The Namibian Government is said to have earned R4 billion ($305 million) from De Beers last year in corporate tax, royalties and dividends. De Beers and the government of Namibia jointly own Namdeb Holdings, which has operations along the south-west coast of the country as well as land-based operations at Oranjemund and satellite mines near Lüderitz and along the
AIGS Appoints Barbara Wheat as President
Bangkok: The Asian Institute of Gemological Sciences (AIGS) has announced that Barbara Wheat has been appointed president and will assume her role in mid-March. Barbara Wheat has a long history with AIGS and the Ho Group, founders of AIGS. Beginning in 1993, she served as managing director of the Ho Group’s publishing company, Jewelry Trade Publications. AIGS was established in
JA Unveils CASE Award Winners
New York: Jewelers of America (JA), the national trade association for businesses serving the fine jewelry marketplace, has announced the winners of its 27th annual CASE Awards jewelry design competition. The CASE Awards, JA’s national design competition for jewelry retailers, recognizes JA Retail Members who exhibit creativity, artistry, style and excellence in jewelry design. The winning entries are on display
Christie’s to Auction Famed Jonker Diamond
Hong Kong: Christie’s unveiled the top lots that will go under the hammer at its Magnificent Jewels auction in Hong Kong this May, including Harry Winston’s famous Jonker V diamond. The rectangular-cut, 25.27-carat, D-color, VVS2-clarity diamond is expected to sell for $2.2 million to $3.6 million, or up to $142,461 per carat, the company said in a recent statement. The
Namibia Earns $305m from De Beers
Windhoek: The Namibian Government is said to have earned R4 billion ($305 million) from De Beers last year in corporate tax, royalties and dividends. De Beers and the government of Namibia jointly own Namdeb Holdings, which has operations along the south-west coast of the country as well as land-based operations at Oranjemund and satellite mines near Lüderitz and along the
AIGS Appoints Barbara Wheat as President
Bangkok: The Asian Institute of Gemological Sciences (AIGS) has announced that Barbara Wheat has been appointed president and will assume her role in mid-March. Barbara Wheat has a long history with AIGS and the Ho Group, founders of AIGS. Beginning in 1993, she served as managing director of the Ho Group’s publishing company, Jewelry Trade Publications. AIGS was established in
JA Unveils CASE Award Winners
New York: Jewelers of America (JA), the national trade association for businesses serving the fine jewelry marketplace, has announced the winners of its 27th annual CASE Awards jewelry design competition. The CASE Awards, JA’s national design competition for jewelry retailers, recognizes JA Retail Members who exhibit creativity, artistry, style and excellence in jewelry design. The winning entries are on display
Christie’s to Auction Famed Jonker Diamond
Hong Kong: Christie’s unveiled the top lots that will go under the hammer at its Magnificent Jewels auction in Hong Kong this May, including Harry Winston’s famous Jonker V diamond. The rectangular-cut, 25.27-carat, D-color, VVS2-clarity diamond is expected to sell for $2.2 million to $3.6 million, or up to $142,461 per carat, the company said in a recent statement. The
