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
Zimbabwe’s Diamond Output Declines 62%
Harare: Zimbabwe’s diamond production declined by 62 percent to 924 388 carats since January this year due to court cases filed by evicted miners resisting Government’s decision to consolidate the sector.Production of the precious mineral totalled 3,2 million carats in 2015, but has been negatively impacted this year by ongoing court cases where two miners are objecting to consolidation of
Cameroon Enabling CAR Conflict Diamonds
Dubai: Conflict diamonds from the Central African Republic (CAR) are entering the supply chain because of poor prevention controls, non-governmental group Partnership Africa Canada (PAC) alleged. Rough stones are being smuggled across the border into Cameroon and adjudged conflict-free after they receive Kimberley Process certificates, enabling them to then be exported to international markets, PAC claimed. Interviews with miners, traders
De Beers Slashed Rough Prices 5% in 2016
Gaborone: De Beers said its rough diamond prices fell 5 percent this year even as the diamond market showed signs of a vast improvement. Diamond prices declined from January to November, while prices of other commodities in the conglomerate’s portfolio rose significantly, Mark Cutifani, CEO of Anglo American, the parent company of De Beers, said in an analyst presentation. “The
GIA Opens Service for Melee Analysis
Mumbai: Having completed a five-month pilot programme — launched in June 2016 — for its Melee Analysis Service, GIA is now open to accepting submissions for the same. The institute has announced that clients can now submit round D-to-Z melee-size diamonds for the Melee Analysis Service. “The fully automated system, which rapidly and accurately analyses and sorts diamonds ranging from
Zimbabwe’s Diamond Output Declines 62%
Harare: Zimbabwe’s diamond production declined by 62 percent to 924 388 carats since January this year due to court cases filed by evicted miners resisting Government’s decision to consolidate the sector.Production of the precious mineral totalled 3,2 million carats in 2015, but has been negatively impacted this year by ongoing court cases where two miners are objecting to consolidation of
Cameroon Enabling CAR Conflict Diamonds
Dubai: Conflict diamonds from the Central African Republic (CAR) are entering the supply chain because of poor prevention controls, non-governmental group Partnership Africa Canada (PAC) alleged. Rough stones are being smuggled across the border into Cameroon and adjudged conflict-free after they receive Kimberley Process certificates, enabling them to then be exported to international markets, PAC claimed. Interviews with miners, traders
De Beers Slashed Rough Prices 5% in 2016
Gaborone: De Beers said its rough diamond prices fell 5 percent this year even as the diamond market showed signs of a vast improvement. Diamond prices declined from January to November, while prices of other commodities in the conglomerate’s portfolio rose significantly, Mark Cutifani, CEO of Anglo American, the parent company of De Beers, said in an analyst presentation. “The
GIA Opens Service for Melee Analysis
Mumbai: Having completed a five-month pilot programme — launched in June 2016 — for its Melee Analysis Service, GIA is now open to accepting submissions for the same. The institute has announced that clients can now submit round D-to-Z melee-size diamonds for the Melee Analysis Service. “The fully automated system, which rapidly and accurately analyses and sorts diamonds ranging from
