The Selloff Deepens, but Demand is Answering: Are Gold-Silver Nearing a Floor?

Macro Snapshot: Two events defined the week ending June 12. On Monday June 9, White House officials indicated that US-Iran nuclear negotiations were making positive progress; oil prices dropped immediately, with WTI crude falling approximately 4% to $87.61 and Brent losing 3.5% to $90.92. Then on Tuesday June 10, the Bureau of Labor Statistics released the May CPI: headline inflation accelerated to 4.2% year-on-year, the highest reading since April 2023, up from 3.8% in April. The monthly increase was 0.5%,

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The Selloff Deepens, but Demand is Answering: Are Gold-Silver Nearing a Floor?

Macro Snapshot: Two events defined the week ending June 12. On Monday June 9, White House officials indicated that US-Iran nuclear negotiations were making positive progress; oil prices dropped immediately, with WTI crude falling approximately 4% to $87.61 and Brent losing 3.5% to $90.92. Then on Tuesday June 10, the Bureau of Labor Statistics released the May CPI: headline inflation accelerated to 4.2% year-on-year, the highest reading since April 2023, up from 3.8% in April. The monthly increase was 0.5%,

Read More »

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May ‘Lord Tirupati’ Rescue India’s GMS!

New Delhi: The richest Hindu temple in the world could soon come to the rescue of Prime Minister Narendra Modi’s plan to recycle tonnes of idle gold and cut economy-hurting imports, according to Reuters and media reports. The gold monetization scheme, aimed at persuading individuals, institutions and rich temples to deposit some of their gold stash with banks to recycle,

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JNA Awards Presents 2016 Award Categories

Hong Kong: Celebrating its fifth anniversary next year, the JNA Awards, the jewellery and gemstone industry’s premier platform for recognizing innovative and high-achieving individuals and enterprises, has announced changes to its award categories in 2016. The organizer of the event, JNA (Jewellery News Asia), has made adjustments to a few award categories to encourage greater participation from more regions and,

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SSEF Releases Upgraded Version of ASDI

Basel: The Swiss Gemmological Institute SSEF has announced the release for international export of an upgraded version of its Automated Spectral Diamond Inspection (ASDI) device. The system is designed to support the diamond industry against the threat of small synthetic diamonds mixed into parcels of natural colourless melée diamonds. ASDI is able to conclusively identify colourless natural diamonds, by sorting

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GSI to Participate in DDES

Mumbai: “A better understanding of the facts and issues surrounding synthetic diamonds will help dispel some of the needless panic and confusion. It will help the diamond industry cope more effectively with the issue of undisclosed mixing of synthetic diamonds with parcels of natural goods,” said GSI (Gemological Science International) CEO Mark Gershburg. Gershburg’s comments come as GSI announces its

Read More »

May ‘Lord Tirupati’ Rescue India’s GMS!

New Delhi: The richest Hindu temple in the world could soon come to the rescue of Prime Minister Narendra Modi’s plan to recycle tonnes of idle gold and cut economy-hurting imports, according to Reuters and media reports. The gold monetization scheme, aimed at persuading individuals, institutions and rich temples to deposit some of their gold stash with banks to recycle,

Read More »

JNA Awards Presents 2016 Award Categories

Hong Kong: Celebrating its fifth anniversary next year, the JNA Awards, the jewellery and gemstone industry’s premier platform for recognizing innovative and high-achieving individuals and enterprises, has announced changes to its award categories in 2016. The organizer of the event, JNA (Jewellery News Asia), has made adjustments to a few award categories to encourage greater participation from more regions and,

Read More »

SSEF Releases Upgraded Version of ASDI

Basel: The Swiss Gemmological Institute SSEF has announced the release for international export of an upgraded version of its Automated Spectral Diamond Inspection (ASDI) device. The system is designed to support the diamond industry against the threat of small synthetic diamonds mixed into parcels of natural colourless melée diamonds. ASDI is able to conclusively identify colourless natural diamonds, by sorting

Read More »

GSI to Participate in DDES

Mumbai: “A better understanding of the facts and issues surrounding synthetic diamonds will help dispel some of the needless panic and confusion. It will help the diamond industry cope more effectively with the issue of undisclosed mixing of synthetic diamonds with parcels of natural goods,” said GSI (Gemological Science International) CEO Mark Gershburg. Gershburg’s comments come as GSI announces its

Read More »

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