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

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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

Read More »

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India’s G&J Exports up by 11% in April-August

Mumbai: Exports of gems and jewellery grew by 11 per cent to $14.43 billion during the first five months of the current fiscal, driven largely by demand in India’s major markets like the US. In April-August period of the last fiscal, exports from the sector were at $13 billion, according to the data from Gem and Jewellery Export Promotion Council

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Fascinating World of Diamonds…In Three Weeks

Gaborone: The past few weeks have proven to be a very significant time for the business for very different reasons. I have found them to be immensely rewarding, encapsulating everything that makes the diamond sector so varied and so interesting. They have reminded me, if I needed reminding, how fascinating is the world of diamonds and how dedicated and interesting

Read More »

De Beers & GJEPC Launch New Diamond Campaign

Mumbai: De Beers, the world’s leading diamond company in collaboration with India’s Gem & Jewellery Export {romotion Council (GJEPC), has announced an India specific advertising campaign for the upcoming festive season to consolidate and enhance the demand for diamonds in India.  The campaign ‘Ek Heera Aapke Heere Ke Liye’ (Only a diamond is worthy of your diamond) is about the

Read More »

CIBJO Releases Coral Commission Special Report

Milan: With two weeks to go to the opening of the 2016 CIBJO Congress in Yerevan, Armenia, on October 26, 2016, the eighth and the final instalment of the CIBJO commissions’ pre-congress Special Reports has been released. Prepared by the CIBJO Coral Commission, headed by Vincenzo Liverino, the report describes upgrades to the Coral Blue Book of accepted standards, practices

Read More »

India’s G&J Exports up by 11% in April-August

Mumbai: Exports of gems and jewellery grew by 11 per cent to $14.43 billion during the first five months of the current fiscal, driven largely by demand in India’s major markets like the US. In April-August period of the last fiscal, exports from the sector were at $13 billion, according to the data from Gem and Jewellery Export Promotion Council

Read More »

Fascinating World of Diamonds…In Three Weeks

Gaborone: The past few weeks have proven to be a very significant time for the business for very different reasons. I have found them to be immensely rewarding, encapsulating everything that makes the diamond sector so varied and so interesting. They have reminded me, if I needed reminding, how fascinating is the world of diamonds and how dedicated and interesting

Read More »

De Beers & GJEPC Launch New Diamond Campaign

Mumbai: De Beers, the world’s leading diamond company in collaboration with India’s Gem & Jewellery Export {romotion Council (GJEPC), has announced an India specific advertising campaign for the upcoming festive season to consolidate and enhance the demand for diamonds in India.  The campaign ‘Ek Heera Aapke Heere Ke Liye’ (Only a diamond is worthy of your diamond) is about the

Read More »

CIBJO Releases Coral Commission Special Report

Milan: With two weeks to go to the opening of the 2016 CIBJO Congress in Yerevan, Armenia, on October 26, 2016, the eighth and the final instalment of the CIBJO commissions’ pre-congress Special Reports has been released. Prepared by the CIBJO Coral Commission, headed by Vincenzo Liverino, the report describes upgrades to the Coral Blue Book of accepted standards, practices

Read More »

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