Vladislav Zhdanov: Questions of efficiency and investment potential of diamond mining versus diamond growing pique keen interest

Vladislav Zhdanov is Professor at the National Research University Higher School of Economics (HSE). He told Rough&Polished about new researches into the effectiveness of diamond production methods.

02 july 2024

Why it's expensive to cut and polish diamonds in Africa? ADMA president António Oliveira has the answer

The African Diamond Manufacturers Association (ADMA) president António Oliveira told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that the lack of a robust infrastructure in Africa fails to accelerate and encourage manufacturing...

24 june 2024

Edahn Golan: IPO feasible but not Anglo’s preferred way to sell De Beers

Edahn Golan, owner of the eponymous Edahn Golan Diamond Research and Data, told Rough&Polished's Mathew Nyaungwa in an exclusive interview that while an IPO of De Beers is “feasible,"  he does not think this is a route Anglo American...

17 june 2024

GemsCouture- avant-garde by Victor Moiseikin

Jewelry items and precious souvenirs of the MOISEIKIN jewelry brand are in the museums and private collections of world celebrities, representatives of the political and cultural elite - from Xi Jinping to the British Windsors, from Angela Merkel to...

05 june 2024

Oksana Senatorova: The trend is a decrease in regional jewelry retailers and an increase in large federal store chains

Oksana Senatorova has long been known in the Russian jewelry community as an expert in the jewelry market. During her visit to the Junwex New Russian Style exhibition held in May in St. Petersburg, Oksana Senatorova answered the Rough&Polished correspondent’s...

28 may 2024

Gold market investors waiting for a catalyst - WGC

10 july 2024

The World Gold Council (WGC) has published its Mid-Year Outlook Report for 2024 and indicated that the gold market remains resilient amid geopolitical uncertainty, but its longer-term fundamentals will be determined by events of the second half of the year.

“For gold, we believe the catalyst could come from falling rates in developed markets, that attract Western investment flows, as well as continued support from global investors looking to hedge bubbling risks amid a complacent equity market and persistent geopolitical tensions,” WGC analysts said.

The gold market rally saw the prices increase 12% year to date, with yellow metal outpacing most major asset classes.

Such historic factors as interest rates and the US dollar seem to have had lesser effect than usual on gold in the first half of the year, and should have significantly dented its performance. However, gold has thus far benefitted from continued central bank buying, Asian investment flows, resilient consumer demand, and a continued geopolitical uncertainty.

Investment in gold, particularly through Exchange Traded Funds (ETFs), has surged, reflecting a growing confidence among investors in gold as a means to retain value during economic turbulence. Retail gold jewellery market performance was mixed due to regional economic conditions and fluctuating prices.

Still, WGC’s outlook for the gold market remains cautiously optimistic amid continued wider uncertainty, which bolsters the metal’s status as a safe haven asset. Price risks come from a reduction in central bank buying and the fall in Asian demand.

“Gold’s outlook is, of course, not without risks. A sizable drop in central bank demand or widespread profit-taking from Asian investors could curtail its performance. As it stands, however, global investors continue to benefit from gold’s role in robust asset allocation strategies,” WGC concluded.

Theodor Lisovoy, Editor in Chief, Rough&Polished