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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Glimpz-16 Exhibition by IIGJ Students Concluded

Mumbai: ‘Glimpz-16 ‘Exhibition was an important event for the Indian Institute of Gems & Jewellery (IIGJ), Mumbai. Every year the 3 Year Diploma Course culminates with a Graduating Project during which the students create collections of jewellery on particular themes. This year the students of Diploma Bach 10 were asked to work on the Theme “Innovate” where they were inspired

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CIBJO Congress 2016 from 26th Oct in Armenia

Milan: With the 2016 CIBJO Congress set to open in Yerevan, Armenia, in eight days’ time, agendas and related documentation for the various sessions and meetings that will take place during the event are now available online. Contained in a Digital Binder, they can be downloaded from the dedicated congress website. The schedule of the CIBJO Congress includes a series

Read More »

Gold Ind. Highlights Impact of Higher Tax Levies

Stakeholders to submit a joint whitepaper to government New Delhi:  The Gold Industry seems to be a by-stander watching the festival buying season end. The weak consumer demand appears to have been caused by a multitude of factors such as higher imports duty, entry tax, octroi, excise duty and sales tax (VAT), overall general economic slowdown, etc. Stakeholders of domestic

Read More »

ALROSA to Boost Sales to 37M Cts in 2016

Moscow: ALROSA will increase its sales to 37 million carats in 2016, Andrey Zharkov, the company’s president said in an interview with television channel Russia 24, according to Finmarket.ru. That sales figure would be equal to its output, and is significantly higher than the 30 million carats of diamonds ALROSA sold in 2015 when it produced 38 million carats. The

Read More »

Glimpz-16 Exhibition by IIGJ Students Concluded

Mumbai: ‘Glimpz-16 ‘Exhibition was an important event for the Indian Institute of Gems & Jewellery (IIGJ), Mumbai. Every year the 3 Year Diploma Course culminates with a Graduating Project during which the students create collections of jewellery on particular themes. This year the students of Diploma Bach 10 were asked to work on the Theme “Innovate” where they were inspired

Read More »

CIBJO Congress 2016 from 26th Oct in Armenia

Milan: With the 2016 CIBJO Congress set to open in Yerevan, Armenia, in eight days’ time, agendas and related documentation for the various sessions and meetings that will take place during the event are now available online. Contained in a Digital Binder, they can be downloaded from the dedicated congress website. The schedule of the CIBJO Congress includes a series

Read More »

Gold Ind. Highlights Impact of Higher Tax Levies

Stakeholders to submit a joint whitepaper to government New Delhi:  The Gold Industry seems to be a by-stander watching the festival buying season end. The weak consumer demand appears to have been caused by a multitude of factors such as higher imports duty, entry tax, octroi, excise duty and sales tax (VAT), overall general economic slowdown, etc. Stakeholders of domestic

Read More »

ALROSA to Boost Sales to 37M Cts in 2016

Moscow: ALROSA will increase its sales to 37 million carats in 2016, Andrey Zharkov, the company’s president said in an interview with television channel Russia 24, according to Finmarket.ru. That sales figure would be equal to its output, and is significantly higher than the 30 million carats of diamonds ALROSA sold in 2015 when it produced 38 million carats. The

Read More »

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