Diamond News Archives
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A combination of continued geopolitical risk, a weaker dollar and negative real rates would continue gold's rally through 2020, commodity strategists anticipate.
However, there is some disagreement over the extent to which geopolitical factors will continue to be supportive for the precious metal.
Gold prices rallied to a seven-year high after tensions escalated in the Middle East following the U.S. killing of top Iranian military commander Qasem Soleimani[1], as investors flocked into typically safe assets, with oil and bond prices also surging.
As well as geopolitical risk, however, macro factors are also boosting gold's appeal as a hedge against uncertainty. A softened dollar and a persistent negative rate environment are chief among these gold-supportive trends.
Since gold is denominated in dollars internationally, weakness in the greenback pushes up gold prices and vice versa. Meanwhile negative real interest rates, in which the inflation rate is higher than the nominal interest, means that creditors will be losing money and are therefore more likely to park their money in gold.
Push toward $1,600
In a note published Tuesday, UBS[2] commodity strategists Joni Teves and James Malcolm said their base case is for gold to trade through and average around $1,600 per ounce this year on the back of the aforementioned three factors. Spot gold was hovering at around $1,566 during European afternoon trade on Tuesday.
Gold is also stronger against other currencies, with anecdotal information suggesting that there is "some producer interest to take advantage of the gold price move in local currencies," Teves and Malcolm suggested.
"Producer selling might help rein in the rally in the near term, but we do not expect it to derail the broader uptrend especially if macro factors...
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(IDEX Online) - The National Association of Jewelry Appraisers (NAJA) has updated and expanded its Appraisal Studies Course (ASC) in its latest online incarnation.
The ASC course covers a wide range of subjects from appraisal theory and methodology to jewelry history. There is a quiz at the end of each lesson to check students' knowledge. There are also interactive sections within each lesson along with supplemental videos and external links to enhance understanding.
Students can view and save their progress at every step along the way and review previously completed sections.
With the online format, students receive alerts when new content is added or altered. They also receive instant results on all quizzes and exams, including feedback and guidance about where information can be found in the text.
The Appraisal Studies Course is open to NAJA members and non-members.
The National Association of Jewelry Appraisers is the largest membership association specializing exclusively in gem and jewelry appraising and related appraisal issues. ...
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"Massive Reset" Looms, Pento Warns "Central Bankers Are Trapped" | Zero Hedge- Category: News Archives
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(IDEX Online) - A panel debate about the future of diamonds will take place at the upcoming Vicenzaoro January show. The debate, which has been organized by The Futurist CEO Paola De Luca, will be introduced by Gaetano Cavalieri, president of CIBJO.
The speakers are designer Tomasz Donocik; Esther Ligthart, jewelry blogger and writer, David Brough, editor and co-founder of Jewellery Outlook; Thierry Silber, CEO and founder of Madestones and Stephen Lussier, Forevermark chairman and executive vice president, consumer and brands De Beers Group.
"This will be a highly thought-provoking discussion about a key topic that needs to be at the top of the industry agenda in the New Year - the Future of Diamonds," said De Luca, who will moderate the debate.
The discussion will center on the future positioning of lab-grown diamonds in the jewelry market; the marketing of "perfection," or rarity, and "imperfection" of diamonds, such as fluorescence and diamonds with notable inclusions, such as "salt-and-pepper" diamonds.
The panel will take place in the Tiziano Room, Hall 7.1, starting at 10.30 am on January 18....
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(IDEX Online) - The Indian Diamond & Colorstone Association (IDCA) unanimously elected Haridas Kotahwala as president of the organization. Kotahwala of Royal India USA Inc, succeeds Nilesh Sheth, president of Nice Diamonds.
Other appointments at the November 26 elections were Nitin Jobanputra (Sanghvi Diamonds LLC) as vice president; Shekhar Shah (Real Gems, Inc.) and Shiksha Naheta (Empresa Jewels) as joint-secretary and Sujan Doshi (S. A. Diamonds) as treasurer.
Board members continuing as directors for 2020 include: Shrenil Bhansali (Fairway Diamonds Inc.); Prakash Mehta (Interings Inc.); Prashant Mehta (Dia Expressions); Sailesh Lakhi (Sparkles & Colors USA Inc.) and Nilesh Sheth (Nice Diamonds).
Rutali Gandhi (Sagarstar Corp) has become the organization's second female board member. She joins other new board members Parag Jain (Paramount Gems) and Amit Jhalani (TBR International).
Two directors completed their terms and stepped down from the IDCA. They are Mehul Shah (Shivani Gems Inc.) and Rajeev Pandya (Ashi Diamonds LLC). ...