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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

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
Top News

Report Submitted on Myanmar’s Gem Scandal
Naypyidaw: A team investigating the disappearance of nearly U.S. $100 million in funds belonging to a gem association has submitted its findings to Myanmar’s minister of natural resources and environmental conservation, the lead investigator said. The team had investigated nine members of the gem association’s central committee, authorities from the Ministry of Mines, gem association chairman Yone Mu, and three

Major Israeli Diamond Presence at Hong Kong June
Ramat Gan: The Israel Diamond Institute Group of Companies (IDI) will host 50 companies this year in its diamond pavilion at the June Hong Kong Jewellery & Gem Fair, which will take place from June 23-26, 2016 at the Hong Kong Convention & Exhibition Centre. In addition, 10 Israeli companies will be exhibiting in other locations throughout the show. The

500-Year-Old Shipwreck with £9 Mln. gold Found
Windhoek: Diamond miners working off the coast of Africa stumbled across a 500-year-old shipwreck loaded with £9million of gold and coins, reports dailymail.co.uk. The Bom Jesus – or Good Jesus – was first discovered along the Namibian coast near Oranjemund by geologists from the mining company De Beers in April 2008. It was a Portuguese ship which set sail from

Need to Create State of Art Museum in Gujarat
Gandhinagar: A symposium was organized by the Gem & Jewellery Trade Council of India (GJTCI) where Mr. O. P. Kohli, Honorable Governor of Gujarat, Shri Shantibhai Patel, President, GJTCI and leading trade dignitaries and craftsman remained present. Artifacts & designs of craftsman were showcased & trade dignitaries were honoured by Governor of Gujarat to name a few Shri Natubhai Chokshi

Report Submitted on Myanmar’s Gem Scandal
Naypyidaw: A team investigating the disappearance of nearly U.S. $100 million in funds belonging to a gem association has submitted its findings to Myanmar’s minister of natural resources and environmental conservation, the lead investigator said. The team had investigated nine members of the gem association’s central committee, authorities from the Ministry of Mines, gem association chairman Yone Mu, and three

Major Israeli Diamond Presence at Hong Kong June
Ramat Gan: The Israel Diamond Institute Group of Companies (IDI) will host 50 companies this year in its diamond pavilion at the June Hong Kong Jewellery & Gem Fair, which will take place from June 23-26, 2016 at the Hong Kong Convention & Exhibition Centre. In addition, 10 Israeli companies will be exhibiting in other locations throughout the show. The

500-Year-Old Shipwreck with £9 Mln. gold Found
Windhoek: Diamond miners working off the coast of Africa stumbled across a 500-year-old shipwreck loaded with £9million of gold and coins, reports dailymail.co.uk. The Bom Jesus – or Good Jesus – was first discovered along the Namibian coast near Oranjemund by geologists from the mining company De Beers in April 2008. It was a Portuguese ship which set sail from

Need to Create State of Art Museum in Gujarat
Gandhinagar: A symposium was organized by the Gem & Jewellery Trade Council of India (GJTCI) where Mr. O. P. Kohli, Honorable Governor of Gujarat, Shri Shantibhai Patel, President, GJTCI and leading trade dignitaries and craftsman remained present. Artifacts & designs of craftsman were showcased & trade dignitaries were honoured by Governor of Gujarat to name a few Shri Natubhai Chokshi