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
Indian Cash Crunch Slows De Beers Sales
Gaborone: De Beers revenue from rough diamonds declined sequentially to $418 million in the final sales cycle of the year as tighter liquidity in India hit demand for lower-priced stones. Sales fell 12 percent at last week’s December sight from $476 million in November, the miner reported. They were 69 percent higher than the $248 million recorded a year ago,
First Ever Bilingual Diamond Reports by HRD
Seoul: In the framework of an economic mission to South Korea (Seoul) and China (Shanghai), presided over by Antwerp’s Mayor Bart De Wever, the internationally renowned diamond grading lab HRD Antwerp has announced it will start offering bilingual diamond grading reports with the first reports available in English/Korean and English/Chinese as of February 1, 2017. “The South-Korean market represents great
Antwerp to Strengthen Ties with South Korea
Antwerp: From 11 through 14 December, the City of Antwerp, in the presence of Mayor Bart De Wever, is organizing a mission to Seoul. One of the most important objectives of this mission is to promote the Antwerp diamond industry, which is why the Antwerp World Diamond Centre is a partner to this mission. South Korea is a growing market
Polished Diamond Prices to Recover in 2017
New York: According to an ABN AMRO forecast, polished diamond prices will rise next year thanks to improved economic conditions that boost U.S. and Chinese demand. U.S. jewelry consumption will grow amid a stronger labor market and rising housing prices, the bank said. Anticipated tax cuts together with higher infrastructure and defense spending will play a central role in boosting
Indian Cash Crunch Slows De Beers Sales
Gaborone: De Beers revenue from rough diamonds declined sequentially to $418 million in the final sales cycle of the year as tighter liquidity in India hit demand for lower-priced stones. Sales fell 12 percent at last week’s December sight from $476 million in November, the miner reported. They were 69 percent higher than the $248 million recorded a year ago,
First Ever Bilingual Diamond Reports by HRD
Seoul: In the framework of an economic mission to South Korea (Seoul) and China (Shanghai), presided over by Antwerp’s Mayor Bart De Wever, the internationally renowned diamond grading lab HRD Antwerp has announced it will start offering bilingual diamond grading reports with the first reports available in English/Korean and English/Chinese as of February 1, 2017. “The South-Korean market represents great
Antwerp to Strengthen Ties with South Korea
Antwerp: From 11 through 14 December, the City of Antwerp, in the presence of Mayor Bart De Wever, is organizing a mission to Seoul. One of the most important objectives of this mission is to promote the Antwerp diamond industry, which is why the Antwerp World Diamond Centre is a partner to this mission. South Korea is a growing market
Polished Diamond Prices to Recover in 2017
New York: According to an ABN AMRO forecast, polished diamond prices will rise next year thanks to improved economic conditions that boost U.S. and Chinese demand. U.S. jewelry consumption will grow amid a stronger labor market and rising housing prices, the bank said. Anticipated tax cuts together with higher infrastructure and defense spending will play a central role in boosting
