Silver Leads the Recovery: Bearish Move Shows First Signs of Exhaustion

Macro Snapshot: The week ending May 1 was dominated by Powell’s final FOMC meeting on April 28-29, which delivered the headline outcome markets expected — a hold at 3.50-3.75% — but with a far more contentious internal split than anticipated. The committee voted 8-4 to hold (some sources reported 11-1, but the dissent count of four is firmer), with Stephen Miran preferring an immediate quarter-point cut and three others — Hammack, Kashkari, Logan — supporting the hold but opposing the

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Silver Leads the Recovery: Bearish Move Shows First Signs of Exhaustion

Macro Snapshot: The week ending May 1 was dominated by Powell’s final FOMC meeting on April 28-29, which delivered the headline outcome markets expected — a hold at 3.50-3.75% — but with a far more contentious internal split than anticipated. The committee voted 8-4 to hold (some sources reported 11-1, but the dissent count of four is firmer), with Stephen Miran preferring an immediate quarter-point cut and three others — Hammack, Kashkari, Logan — supporting the hold but opposing the

Read More »

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De Beers’ Sells $720 mln Rough in First Cycle

Gaborone: De Beers rough-diamond sales jumped 32 percent year on year to $720 million during its first sales cycle of 2017 as manufacturers restocked following the holiday season, according to a press statement issued by the Company. De Beers sold rough diamonds with a value of $720 million in the first sales cycle (Global Sightholder Sales and Auction Sales) of

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India’s Gold Demand May Reach 950T by 2020

Mumbai: The World Gold Council (WGC) yesterday launched the report titled ‘India’s Gold Market: evolution and innovation’. This report explains the entire supply chain for India’s gold market– from imports and recycling through to consumer demand – and how it is likely to develop in the coming years. It also provides an overview of existing gold-related policies and how they

Read More »

Sarine Appoints David Block as CEO

Tel Aviv: Sarine Technologies named David Block as its new chief executive officer after Uzi Levami stepped down for personal reasons. Levami, 65, has been group CEO for eight years, a period in which he presided over dramatic growth and expansion, according to the company. He will continue serving as an executive director and as a director of all of

Read More »

Dates Set for Rival Thailand Jewellery Fairs

Bangkok: Following industry confusion last year, the 2017 dates and venues of Thailand’s two independently organised jewellery fairs appear to have been finalised. The 59th Bangkok Gems and Jewelry Fair (BGJF), hosted by the Thai government’s Department of International Trade Promotion (DITP), is scheduled to take place at the Impact Exhibition Centre in Bangkok from 22 February to 26 February.

Read More »

De Beers’ Sells $720 mln Rough in First Cycle

Gaborone: De Beers rough-diamond sales jumped 32 percent year on year to $720 million during its first sales cycle of 2017 as manufacturers restocked following the holiday season, according to a press statement issued by the Company. De Beers sold rough diamonds with a value of $720 million in the first sales cycle (Global Sightholder Sales and Auction Sales) of

Read More »

India’s Gold Demand May Reach 950T by 2020

Mumbai: The World Gold Council (WGC) yesterday launched the report titled ‘India’s Gold Market: evolution and innovation’. This report explains the entire supply chain for India’s gold market– from imports and recycling through to consumer demand – and how it is likely to develop in the coming years. It also provides an overview of existing gold-related policies and how they

Read More »

Sarine Appoints David Block as CEO

Tel Aviv: Sarine Technologies named David Block as its new chief executive officer after Uzi Levami stepped down for personal reasons. Levami, 65, has been group CEO for eight years, a period in which he presided over dramatic growth and expansion, according to the company. He will continue serving as an executive director and as a director of all of

Read More »

Dates Set for Rival Thailand Jewellery Fairs

Bangkok: Following industry confusion last year, the 2017 dates and venues of Thailand’s two independently organised jewellery fairs appear to have been finalised. The 59th Bangkok Gems and Jewelry Fair (BGJF), hosted by the Thai government’s Department of International Trade Promotion (DITP), is scheduled to take place at the Impact Exhibition Centre in Bangkok from 22 February to 26 February.

Read More »

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