Two Central Banks, Two Signals: Why the NFP Shock Hit Silver Harder Than Gold

Macro Snapshot: The week ending June 5 belonged to two central banks and one labour number. On Friday June 5, the Reserve Bank of India’s Monetary Policy Committee held the repo rate at 5.25% for the third consecutive meeting, voting unanimously, and raised the FY27 inflation projection by 50 basis points to 5.1%. Hours later, the US Bureau of Labor Statistics released a May nonfarm payrolls print of 172,000 jobs, roughly double the consensus expectation of approximately 85,000. The number

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Two Central Banks, Two Signals: Why the NFP Shock Hit Silver Harder Than Gold

Macro Snapshot: The week ending June 5 belonged to two central banks and one labour number. On Friday June 5, the Reserve Bank of India’s Monetary Policy Committee held the repo rate at 5.25% for the third consecutive meeting, voting unanimously, and raised the FY27 inflation projection by 50 basis points to 5.1%. Hours later, the US Bureau of Labor Statistics released a May nonfarm payrolls print of 172,000 jobs, roughly double the consensus expectation of approximately 85,000. The number

Read More »

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Singapore Diamond Investment Exch. Launched

Singapore: Trading has started on the Singapore Diamond Investment Exchange (SDiX), the world’s “first” commodity exchange for physically-settled diamonds. The introduction on May 5 “represents the most significant change in global diamond trading practices in hundreds of years,” according to SDiX, which is backed by investors including the Singapore government’s sovereign wealth fund Temasek Holdings. “The SDiX represents a tectonic

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IIGJ Signs MoU with Welingkar Institute

Mumbai: Indian Institute of Gems & Jewellery (IIGJ) Mumbai , a project of the Gem & Jewellery Export Promotion Council of India (GJEPC), has come-up with a one of its kind 3 Year Graduate Program in Jewellery Design & Manufacturing Techniques with an introduction to Management studies in collaboration with Welingkar Institute of Management. With these courses in the offering,

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GJSCI Aiming to ‘Skill India’, Launches RPL Program

Mumbai: Gems & Jewellery Skill Council of India Launched the RPL Program (Recognition of Prior Learning) as the first step to uplift the Karigars in the Gems & Jewellery Sector along with an awareness Ad Film during a conference at Indian Merchants Chamber in presence of Industry Thought leaders like Prem Kumar Kothari, Chairman, GJSCI, Binit Bhatt, COO, GJSCI, Vijay

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Sotheby’s to Auction Lucara’s 1,109 Ct Diamond

London: Sotheby’s has announced that Lucara Diamond Corp has selected it to auction the 1,109-carat Lesedi La Rona diamond – the second-largest ever recovered, according to a report on cbc.ca. The auctioneer said that the sale, which is planned to take place on June 29 in London, could potentially realize as much as $70 million. “Not only is the rough

Read More »

Singapore Diamond Investment Exch. Launched

Singapore: Trading has started on the Singapore Diamond Investment Exchange (SDiX), the world’s “first” commodity exchange for physically-settled diamonds. The introduction on May 5 “represents the most significant change in global diamond trading practices in hundreds of years,” according to SDiX, which is backed by investors including the Singapore government’s sovereign wealth fund Temasek Holdings. “The SDiX represents a tectonic

Read More »

IIGJ Signs MoU with Welingkar Institute

Mumbai: Indian Institute of Gems & Jewellery (IIGJ) Mumbai , a project of the Gem & Jewellery Export Promotion Council of India (GJEPC), has come-up with a one of its kind 3 Year Graduate Program in Jewellery Design & Manufacturing Techniques with an introduction to Management studies in collaboration with Welingkar Institute of Management. With these courses in the offering,

Read More »

GJSCI Aiming to ‘Skill India’, Launches RPL Program

Mumbai: Gems & Jewellery Skill Council of India Launched the RPL Program (Recognition of Prior Learning) as the first step to uplift the Karigars in the Gems & Jewellery Sector along with an awareness Ad Film during a conference at Indian Merchants Chamber in presence of Industry Thought leaders like Prem Kumar Kothari, Chairman, GJSCI, Binit Bhatt, COO, GJSCI, Vijay

Read More »

Sotheby’s to Auction Lucara’s 1,109 Ct Diamond

London: Sotheby’s has announced that Lucara Diamond Corp has selected it to auction the 1,109-carat Lesedi La Rona diamond – the second-largest ever recovered, according to a report on cbc.ca. The auctioneer said that the sale, which is planned to take place on June 29 in London, could potentially realize as much as $70 million. “Not only is the rough

Read More »

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