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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
Antwerp Diamond Trade Grows 5% in 2016
Antwerp: After a very difficult 2015, the Antwerp diamond industry recorded a 5% increase in trade in 2016. This past year, a total of 48 billion USD worth of diamonds were imported to and exported from Antwerp. The rough diamond market in particular is clearly making a strong recovery. This is positive sign, given that the rough diamond trade is
Rio Tinto to Close New York Marketing Base
New York: Rio Tinto Diamonds will shut its North American sales and marketing office as part of a cost-cutting exercise. The New York representative base, which was set up as a gateway to the lucrative U.S. retail sector, will be closed in the first quarter after a decade of operations. “This decision reflects Rio Tinto’s continued focus on improved efficiencies,”
India’s G&J Exports May Go Up by 10% in 2017
Mumbai: India’s Gems and jewellery exports are likely to witness a growth of about 10 per cent this fiscal due to increasing demand in the US and Europe, according to the industry’s apex trade promotion body. “We are seeing the markets improve slowly, especially US and Europe to some extent. Looking at the growth in demand in these markets, we
ALROSA Recovers 3 Large Special Diamonds
Moscow: Russian diamond producer ALROSA said it has recovered three large special diamonds from two deposits at its Aikhal Mining and Processing Plant. Two diamonds from the Jubilee pipe weigh 60.22 and 73.50 carats respectively, and were recovered at the factory no.14 of the Aikhal plant. Another stone weighing 66.24 carats was produced from the Komsomolskaya pipe at the factory
Antwerp Diamond Trade Grows 5% in 2016
Antwerp: After a very difficult 2015, the Antwerp diamond industry recorded a 5% increase in trade in 2016. This past year, a total of 48 billion USD worth of diamonds were imported to and exported from Antwerp. The rough diamond market in particular is clearly making a strong recovery. This is positive sign, given that the rough diamond trade is
Rio Tinto to Close New York Marketing Base
New York: Rio Tinto Diamonds will shut its North American sales and marketing office as part of a cost-cutting exercise. The New York representative base, which was set up as a gateway to the lucrative U.S. retail sector, will be closed in the first quarter after a decade of operations. “This decision reflects Rio Tinto’s continued focus on improved efficiencies,”
India’s G&J Exports May Go Up by 10% in 2017
Mumbai: India’s Gems and jewellery exports are likely to witness a growth of about 10 per cent this fiscal due to increasing demand in the US and Europe, according to the industry’s apex trade promotion body. “We are seeing the markets improve slowly, especially US and Europe to some extent. Looking at the growth in demand in these markets, we
ALROSA Recovers 3 Large Special Diamonds
Moscow: Russian diamond producer ALROSA said it has recovered three large special diamonds from two deposits at its Aikhal Mining and Processing Plant. Two diamonds from the Jubilee pipe weigh 60.22 and 73.50 carats respectively, and were recovered at the factory no.14 of the Aikhal plant. Another stone weighing 66.24 carats was produced from the Komsomolskaya pipe at the factory
