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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De Beers Will Flood Snap Lake Mine

Toronto: One year after deciding to place it on care and maintenance, De Beers is putting its Snap Lake Mine in the Canadian subarctic on extended care and maintenance – a euphemism for flooding. Work on flooding the tunnels of the shuttered diamond mine will start in early January and is expected to take between six and eight weeks. The

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India’s Polished Diamond Exports Dip 10% in Nov

Mumbai: Exports of cut and polished diamonds from India stood at US$ 1.19 billion in November 2016, a drop of 10% as compared to the US$ 1.32 bn in the same month a year earlier, according to provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC). Exports of gold jewellery (both studded and plain) also slowed, declining

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GJEPC Hosts Seminar in Surat on Demonetisation

Surat: The Gem & Jewellery Export Promotion Council (GJEPC), Gujarat Region, organised a seminar on ‘Demonetisation and Opportunities for G&J Sector’ at Surat yesterday. Over 50 members of the trade were present. The seminar was addressed by Shri S.P.Shah, founder & chairman, Venus Jewels; Shri Govindbhai Dholakiya, Founder & Chairman, Shree Ramakrishna Exports and CA Nirav Jogani, Vice Chairman, RSM

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BlueStone Launches First Ever Design Week

Mumbai: India’s leading online jewellery brand, BlueStone.com has launched exclusive designs under five limited edition collections as part of its latest initiative – BlueStone Design Week. The Design Week, a first of its kind enterprise by the jewellery major celebrates the beauty and significance of designs in jewellery. The first edition of the BlueStone Design Week showcases 5 exclusive collections

Read More »

De Beers Will Flood Snap Lake Mine

Toronto: One year after deciding to place it on care and maintenance, De Beers is putting its Snap Lake Mine in the Canadian subarctic on extended care and maintenance – a euphemism for flooding. Work on flooding the tunnels of the shuttered diamond mine will start in early January and is expected to take between six and eight weeks. The

Read More »

India’s Polished Diamond Exports Dip 10% in Nov

Mumbai: Exports of cut and polished diamonds from India stood at US$ 1.19 billion in November 2016, a drop of 10% as compared to the US$ 1.32 bn in the same month a year earlier, according to provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC). Exports of gold jewellery (both studded and plain) also slowed, declining

Read More »

GJEPC Hosts Seminar in Surat on Demonetisation

Surat: The Gem & Jewellery Export Promotion Council (GJEPC), Gujarat Region, organised a seminar on ‘Demonetisation and Opportunities for G&J Sector’ at Surat yesterday. Over 50 members of the trade were present. The seminar was addressed by Shri S.P.Shah, founder & chairman, Venus Jewels; Shri Govindbhai Dholakiya, Founder & Chairman, Shree Ramakrishna Exports and CA Nirav Jogani, Vice Chairman, RSM

Read More »

BlueStone Launches First Ever Design Week

Mumbai: India’s leading online jewellery brand, BlueStone.com has launched exclusive designs under five limited edition collections as part of its latest initiative – BlueStone Design Week. The Design Week, a first of its kind enterprise by the jewellery major celebrates the beauty and significance of designs in jewellery. The first edition of the BlueStone Design Week showcases 5 exclusive collections

Read More »

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