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%,

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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%,

Read More »

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Cartier Unveils Hands-Free Diamond Watch

New York: Cartier unveiled an unusual watch in which the dial displays a panther chasing a ball to indicate the time, Forbes reported. Its price is yet to be decided. The Panthère Joueuse de Cartier timepiece is unique in that it has no hands. Instead, the diamond ball indicates the hours and the panther’s paw and head indicate the minutes.

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GemAtlas Webinar ‘Planning for the New Year’

Mumbai: Ernest (Ernie) Blom, President of World Federation of Diamond Bourses will address members of the trade via Webinar, on Friday the 13th of January, 2017, at 4:00 PM to 5:00 PM IST, live from Johannesburg. At this time of the year, members of the diamonds and jewellery trade are busy planning buying, business activities, advertising exercises and budgets, etc.

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Dhamani is Select Atelier for Argyle Pink Diamonds

Mumbai: Rio Tinto is delighted to welcome Middle East luxury jeweller, Dhamani as a Select Atelier for Argyle Pink Diamonds. Dhamani joins an exclusive group of master craftsman and luxury jewellers with access to a direct supply of Australia’s rare Argyle pink diamonds and entrusted with transforming Argyle pink diamonds into exquisite jewellery. Argyle Pink Diamonds manager Josephine Johnson said

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Dubai Imposes 5% Import Duty on Gold Jewellery

Mumbai: Dubai has imposed a 5% import duty on gold and diamond jewellery, a move which is likely to hurt Indian exports at a time when demonetization has hit business at home, reports The Economic Times. The new levy may, however, boost bridal jewellery sales in India because many Indian shoppers had turned to Dubai owing to the cheaper gold

Read More »

Cartier Unveils Hands-Free Diamond Watch

New York: Cartier unveiled an unusual watch in which the dial displays a panther chasing a ball to indicate the time, Forbes reported. Its price is yet to be decided. The Panthère Joueuse de Cartier timepiece is unique in that it has no hands. Instead, the diamond ball indicates the hours and the panther’s paw and head indicate the minutes.

Read More »

GemAtlas Webinar ‘Planning for the New Year’

Mumbai: Ernest (Ernie) Blom, President of World Federation of Diamond Bourses will address members of the trade via Webinar, on Friday the 13th of January, 2017, at 4:00 PM to 5:00 PM IST, live from Johannesburg. At this time of the year, members of the diamonds and jewellery trade are busy planning buying, business activities, advertising exercises and budgets, etc.

Read More »

Dhamani is Select Atelier for Argyle Pink Diamonds

Mumbai: Rio Tinto is delighted to welcome Middle East luxury jeweller, Dhamani as a Select Atelier for Argyle Pink Diamonds. Dhamani joins an exclusive group of master craftsman and luxury jewellers with access to a direct supply of Australia’s rare Argyle pink diamonds and entrusted with transforming Argyle pink diamonds into exquisite jewellery. Argyle Pink Diamonds manager Josephine Johnson said

Read More »

Dubai Imposes 5% Import Duty on Gold Jewellery

Mumbai: Dubai has imposed a 5% import duty on gold and diamond jewellery, a move which is likely to hurt Indian exports at a time when demonetization has hit business at home, reports The Economic Times. The new levy may, however, boost bridal jewellery sales in India because many Indian shoppers had turned to Dubai owing to the cheaper gold

Read More »

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