The Triangle Breaks Down: Both Metals Exit Consolidation to the Downside

This week (ended on 24th April, 2026) saw both gold and silver give back a meaningful portion of their recent gains, with the global macro backdrop supplying clear headwinds on multiple fronts simultaneously. The primary driver was the interplay between a rebounding US dollar, persistently elevated inflation expectations, and rising uncertainty around the FOMC meeting on April 28-29 — Powell’s final meeting as Fed chair before Kevin Warsh takes over on May 15. Metal This Week (Apr 24) Last Week

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The Triangle Breaks Down: Both Metals Exit Consolidation to the Downside

This week (ended on 24th April, 2026) saw both gold and silver give back a meaningful portion of their recent gains, with the global macro backdrop supplying clear headwinds on multiple fronts simultaneously. The primary driver was the interplay between a rebounding US dollar, persistently elevated inflation expectations, and rising uncertainty around the FOMC meeting on April 28-29 — Powell’s final meeting as Fed chair before Kevin Warsh takes over on May 15. Metal This Week (Apr 24) Last Week

Read More »

Top News

New De Beers Chief Calls for Trade Collaboration

Gaborone: Bruce Cleaver, the new chief executive officer of De Beers, underlined the importance of partnerships in tackling the diamond sector’s challenges in his first public statement since taking over. The industry’s ability to collaborate is one of the reasons it has been so resilient, said Cleaver who replaced the outgoing CEO Philippe Mellier from July 1. “Partnerships have secured

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IDWI from 13th Feb, 2017 with New Format

Ramat Gan: The Israel Diamond Exchange (IDE) announced that the next International Diamond Week in Israel (IDWI) would be held on February 13 – 16, 2017.  The event, which has been held in Israel for the past five years, has become an essential feature on the calendar of professional diamond dealers globally. The next IDWI will be held in a

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Antwerp’s Diamond Trade Slightly up in H1

Antwerp: From January to June, 111.1 million carats of rough and polished diamonds were traded on the Antwerp diamond market, as compared to 102.8 million carats in the first half of 2015. The trade figures for polished diamonds remained stable but were lower than last year. The rough trade increased as compared to 2015. During the first six months this

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Petra and Ekapa Enter into Joint Mining Venture

Johannesburg: Petra Diamonds Limited announced it has entered into an unincorporated joint venture agreement with Ekapa Mining (Pty) Ltd. named the Kimberley Ekapa Mining Joint Venture. The respective operations comprise Petra’s Kimberley Underground mines, Ekapa’s tailings operations and Kimberley Mines tailings operations. The joint venture agreement came into effect on July 1, with Petra and its BEE partners holding 75.9

Read More »

New De Beers Chief Calls for Trade Collaboration

Gaborone: Bruce Cleaver, the new chief executive officer of De Beers, underlined the importance of partnerships in tackling the diamond sector’s challenges in his first public statement since taking over. The industry’s ability to collaborate is one of the reasons it has been so resilient, said Cleaver who replaced the outgoing CEO Philippe Mellier from July 1. “Partnerships have secured

Read More »

IDWI from 13th Feb, 2017 with New Format

Ramat Gan: The Israel Diamond Exchange (IDE) announced that the next International Diamond Week in Israel (IDWI) would be held on February 13 – 16, 2017.  The event, which has been held in Israel for the past five years, has become an essential feature on the calendar of professional diamond dealers globally. The next IDWI will be held in a

Read More »

Antwerp’s Diamond Trade Slightly up in H1

Antwerp: From January to June, 111.1 million carats of rough and polished diamonds were traded on the Antwerp diamond market, as compared to 102.8 million carats in the first half of 2015. The trade figures for polished diamonds remained stable but were lower than last year. The rough trade increased as compared to 2015. During the first six months this

Read More »

Petra and Ekapa Enter into Joint Mining Venture

Johannesburg: Petra Diamonds Limited announced it has entered into an unincorporated joint venture agreement with Ekapa Mining (Pty) Ltd. named the Kimberley Ekapa Mining Joint Venture. The respective operations comprise Petra’s Kimberley Underground mines, Ekapa’s tailings operations and Kimberley Mines tailings operations. The joint venture agreement came into effect on July 1, with Petra and its BEE partners holding 75.9

Read More »

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