We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Hawkish Fed Comments on Inflation Landed Right at Both Metals’ Supply Zones, and the Correction Wrote Itself
Macro Snapshot: The correction in gold and silver during the week ending August 28 was a confluence event. Both metals had rallied into well-defined supply zones (gold at ₹162,000-164,000, silver at ₹244,000-248,000) and were showing early signs of exhaustion. Into that setup, the July PCE release on August 26 came in hot on the headline (3.7% year over year against 3.6% consensus), and Federal Reserve Chair Kevin Warsh’s August 28 Jackson Hole address leaned decisively hawkish on inflation. The trigger
Hawkish Fed Comments on Inflation Landed Right at Both Metals’ Supply Zones, and the Correction Wrote Itself
Macro Snapshot: The correction in gold and silver during the week ending August 28 was a confluence event. Both metals had rallied into well-defined supply zones (gold at ₹162,000-164,000, silver at ₹244,000-248,000) and were showing early signs of exhaustion. Into that setup, the July PCE release on August 26 came in hot on the headline (3.7% year over year against 3.6% consensus), and Federal Reserve Chair Kevin Warsh’s August 28 Jackson Hole address leaned decisively hawkish on inflation. The trigger
Top News
SSEF First to Introduce Age Dating of Natural Pearls
Basel: The Swiss Gemmological Institute SSEF has become the first gem laboratory worldwide to introduce, as an additional service to clients, age dating of pearls using carbon-14 (14C). This scientific method can provide the pearl industry with new valuable information about the age of loose pearls and pearls in jewellery. Age determination can support evidence of historic provenance in the
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
SSEF First to Introduce Age Dating of Natural Pearls
Basel: The Swiss Gemmological Institute SSEF has become the first gem laboratory worldwide to introduce, as an additional service to clients, age dating of pearls using carbon-14 (14C). This scientific method can provide the pearl industry with new valuable information about the age of loose pearls and pearls in jewellery. Age determination can support evidence of historic provenance in the
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
