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The Selloff Deepens, but Demand is Answering: Are Gold-Silver Nearing a Floor?
Macro Snapshot: Two events defined the week ending June 12. On Monday June 9, White House officials indicated that US-Iran nuclear negotiations were making positive progress; oil prices dropped immediately, with WTI crude falling approximately 4% to $87.61 and Brent losing 3.5% to $90.92. Then on Tuesday June 10, the Bureau of Labor Statistics released the May CPI: headline inflation accelerated to 4.2% year-on-year, the highest reading since April 2023, up from 3.8% in April. The monthly increase was 0.5%,
The Selloff Deepens, but Demand is Answering: Are Gold-Silver Nearing a Floor?
Macro Snapshot: Two events defined the week ending June 12. On Monday June 9, White House officials indicated that US-Iran nuclear negotiations were making positive progress; oil prices dropped immediately, with WTI crude falling approximately 4% to $87.61 and Brent losing 3.5% to $90.92. Then on Tuesday June 10, the Bureau of Labor Statistics released the May CPI: headline inflation accelerated to 4.2% year-on-year, the highest reading since April 2023, up from 3.8% in April. The monthly increase was 0.5%,
Top News
GJSCI Launches Design Revive Contest
Kolhapur: With an aim to uplift the artisans of age-old jewellery technique, the Gems & Jewellery Skill Council of India (GJSCI) brings students of preliminary round of Revive Design contest to the silver town – Hupari. This initiative has been taken as a step to enable the young talent to blend with the custodians of 200 year old technique of
The Imperial Crown of Russia at IDWI
Ramat Gan: A replica of the Great Imperial Crown of the Russian Empire, which was used in the coronations of all Russian monarchs since Catherine the Great, will be exhibited from February 13 – 14, 2017 at the sixth International Diamond Week in Israel (IDWI). The replica of the Crown was created by Kristall – Smolensk, Russia’s leading diamond manufacturer
Gemfields Production of Emerald Plummets
London: Gemfields PLC on Monday said first half production of emerald and beryl declined heavily from the previous year whilst output of rubies and corundum saw a significant step-up. The company said production from the 75%-owned Kagem mine in Zambia in the first half to the end of 2016 dropped to just 10.7 million carats from 15.7 million carats a
Botswana Diamonds Funds South Africa Project
Gaborone: Botswana Diamonds has agreed to fund an exploration project in South Africa in return for a 72 percent stake in mine developer Vutomi. As part of the deal, Botswana Diamonds will pay Vutomi a total of $1.2 million (GBP 942,000) in cash, of which $724,269 will be used to fund exploration. Botswana Diamonds will also issue 100 million ordinary
GJSCI Launches Design Revive Contest
Kolhapur: With an aim to uplift the artisans of age-old jewellery technique, the Gems & Jewellery Skill Council of India (GJSCI) brings students of preliminary round of Revive Design contest to the silver town – Hupari. This initiative has been taken as a step to enable the young talent to blend with the custodians of 200 year old technique of
The Imperial Crown of Russia at IDWI
Ramat Gan: A replica of the Great Imperial Crown of the Russian Empire, which was used in the coronations of all Russian monarchs since Catherine the Great, will be exhibited from February 13 – 14, 2017 at the sixth International Diamond Week in Israel (IDWI). The replica of the Crown was created by Kristall – Smolensk, Russia’s leading diamond manufacturer
Gemfields Production of Emerald Plummets
London: Gemfields PLC on Monday said first half production of emerald and beryl declined heavily from the previous year whilst output of rubies and corundum saw a significant step-up. The company said production from the 75%-owned Kagem mine in Zambia in the first half to the end of 2016 dropped to just 10.7 million carats from 15.7 million carats a
Botswana Diamonds Funds South Africa Project
Gaborone: Botswana Diamonds has agreed to fund an exploration project in South Africa in return for a 72 percent stake in mine developer Vutomi. As part of the deal, Botswana Diamonds will pay Vutomi a total of $1.2 million (GBP 942,000) in cash, of which $724,269 will be used to fund exploration. Botswana Diamonds will also issue 100 million ordinary
