The 200-Day Held: Now Comes the Test That Decides Whether the Bounce is a Reversal

Macro Snapshot: The week ending July 3 broke a five-week decline for both gold and silver. Gold posted its first weekly gain since late May and silver led the recovery with a much larger move. The trigger was a weaker-than-expected US jobs report, which reset rate-hike expectations and pushed the dollar to its largest weekly decline since April. Layered underneath were two other significant developments: the release of the World Gold Council’s Mid-Year Outlook on Tuesday July 1 (covered in

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The 200-Day Held: Now Comes the Test That Decides Whether the Bounce is a Reversal

Macro Snapshot: The week ending July 3 broke a five-week decline for both gold and silver. Gold posted its first weekly gain since late May and silver led the recovery with a much larger move. The trigger was a weaker-than-expected US jobs report, which reset rate-hike expectations and pushed the dollar to its largest weekly decline since April. Layered underneath were two other significant developments: the release of the World Gold Council’s Mid-Year Outlook on Tuesday July 1 (covered in

Read More »

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Singapore Jewellery Expo from 6-9 July 2017

Singapore: The Singapore International Jewellery Expo (SIJE) 2017 will be held at Marina Bay Sands, Singapore, on 6 – 9 July 2017.  Featuring more than 200 exhibitors from 25 countries, the expo will showcase exquisite jewellery from manufacturers and designers from all over the world. The abundance of natural gems and resources in Asian countries, coupled with the 5% increase

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WDM Seminar at BrilliAnt

Antwerp: The World Diamond Mark (WDM) seminars, to be held during BrilliAnt, the Antwerp Diamond Trade Fair, will present the two main elements of the WDM programmes that aim to drive consumer traffic to the participating retail jewellers. First, the WDM team will lift a tip of the veil of the “Part of You” consumer campaign. The point of departure

Read More »

Birks Inks Deal to Sell Diamonds in Asia

Hong Kong: Montreal-based Birks Group has tied up with online retailer Luxify to sell top-end polished diamonds to consumers in Asia, reports Rapaport. The companies will offer rare diamonds of Canadian origin on the Luxify ecommerce site, including the 35.11-carat, fancy dark yellowish-brown ‘Radiant North,’ described as the country’s largest colored diamond. The pair will also sell a 4.05-carat intense

Read More »

ALROSA Plans 6% Rise in Production

Moscow: ALROSA said it expects rough-diamond production to increase significantly this year amid optimism in the rough market. The miner anticipates it will recover 39.2 million carats in 2017, the company said in a presentation to investors, implying a rise of 6 percent over the 37 million carats that were planned for 2016. The latest guidance is still a 2

Read More »

Singapore Jewellery Expo from 6-9 July 2017

Singapore: The Singapore International Jewellery Expo (SIJE) 2017 will be held at Marina Bay Sands, Singapore, on 6 – 9 July 2017.  Featuring more than 200 exhibitors from 25 countries, the expo will showcase exquisite jewellery from manufacturers and designers from all over the world. The abundance of natural gems and resources in Asian countries, coupled with the 5% increase

Read More »

WDM Seminar at BrilliAnt

Antwerp: The World Diamond Mark (WDM) seminars, to be held during BrilliAnt, the Antwerp Diamond Trade Fair, will present the two main elements of the WDM programmes that aim to drive consumer traffic to the participating retail jewellers. First, the WDM team will lift a tip of the veil of the “Part of You” consumer campaign. The point of departure

Read More »

Birks Inks Deal to Sell Diamonds in Asia

Hong Kong: Montreal-based Birks Group has tied up with online retailer Luxify to sell top-end polished diamonds to consumers in Asia, reports Rapaport. The companies will offer rare diamonds of Canadian origin on the Luxify ecommerce site, including the 35.11-carat, fancy dark yellowish-brown ‘Radiant North,’ described as the country’s largest colored diamond. The pair will also sell a 4.05-carat intense

Read More »

ALROSA Plans 6% Rise in Production

Moscow: ALROSA said it expects rough-diamond production to increase significantly this year amid optimism in the rough market. The miner anticipates it will recover 39.2 million carats in 2017, the company said in a presentation to investors, implying a rise of 6 percent over the 37 million carats that were planned for 2016. The latest guidance is still a 2

Read More »

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