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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
ALROSA Holds New Diamond Auction at EDC
Moscow: ALROSA has announced the next rough diamond auction at the Eurasian Diamond Centre (EDC) in Vladivostok, reports Rough&Poloshed. The company introduced small, boart and boart&drilling categories of diamonds at the auction, which may be of interest for both jewelry and tool-making industry. The volume of the planned sale exceeds 500 000 carats. ALROSA invited 23 companies to take part
Shrenuj Sight Suspended, Downs Botswana Ops
Mumbai: Shrenuj & Co., one of India’s largest diamond cutting firms, said its supply arrangement with De Beers has been suspended, and its Botswana operations were scaled back amid continued strain on its liquidity position, according to a report published on Rapaport. “In the recent few months, we have been facing strong headwinds in our business, largely due to external
India’s G&J Sector to Grow by 11.26%: TechSci
Mumbai: Growing demand for designer jewelry, favourable government policies, rising disposable income along with formation of free zones to drive India gems and jewelry market through 2021. According to a recently released TechSci Research report, “India Gems and Jewelry Market By Product Type, By Point of Sale, By Organized vs. Unorganized, Competition Forecast and Opportunities, 2011-2021”, gems and jewelry market
GJSCI’s RPL-Goldsmith Prog'm Launched in Kolkata
Kolkata: Edujobs Academy launches GJSCI Recognition of Prior Learning (RPL) Goldsmith Program. In the esteem presence of Shri. Sadhan Pande, Minister for Consumer Affairs, Self Help-Group and Self-Employment, Government of India, Smt. Smita Bakshi, member of West Bengal, Legislative Assembly, Government of West Bengal and Shri. Binit Bhatt, C.E.O, GJSCI. The RPL program is an initiative by Gem and Jewellery
ALROSA Holds New Diamond Auction at EDC
Moscow: ALROSA has announced the next rough diamond auction at the Eurasian Diamond Centre (EDC) in Vladivostok, reports Rough&Poloshed. The company introduced small, boart and boart&drilling categories of diamonds at the auction, which may be of interest for both jewelry and tool-making industry. The volume of the planned sale exceeds 500 000 carats. ALROSA invited 23 companies to take part
Shrenuj Sight Suspended, Downs Botswana Ops
Mumbai: Shrenuj & Co., one of India’s largest diamond cutting firms, said its supply arrangement with De Beers has been suspended, and its Botswana operations were scaled back amid continued strain on its liquidity position, according to a report published on Rapaport. “In the recent few months, we have been facing strong headwinds in our business, largely due to external
India’s G&J Sector to Grow by 11.26%: TechSci
Mumbai: Growing demand for designer jewelry, favourable government policies, rising disposable income along with formation of free zones to drive India gems and jewelry market through 2021. According to a recently released TechSci Research report, “India Gems and Jewelry Market By Product Type, By Point of Sale, By Organized vs. Unorganized, Competition Forecast and Opportunities, 2011-2021”, gems and jewelry market
GJSCI’s RPL-Goldsmith Prog'm Launched in Kolkata
Kolkata: Edujobs Academy launches GJSCI Recognition of Prior Learning (RPL) Goldsmith Program. In the esteem presence of Shri. Sadhan Pande, Minister for Consumer Affairs, Self Help-Group and Self-Employment, Government of India, Smt. Smita Bakshi, member of West Bengal, Legislative Assembly, Government of West Bengal and Shri. Binit Bhatt, C.E.O, GJSCI. The RPL program is an initiative by Gem and Jewellery
