Connect with us

International News

Gold near fresh all-time highs ahead of US trading session

Published

on

Gold’s price (XAU/USD) is seeing gains tick up trading near $2,952 at the time of writing, fueled by a weaker US Dollar (USD) and softening US yields in a reaction to the recent German federal election outcome. Although the far-right party Alternative for Germany (AfD) has gained 20% of votes, the Christian Democratic Union of Germany (CDU) is comfortable in the lead with 208 seats against AfD’s 152. US yields dropped off and the CME Federal Reserve (Fed) Futures are now favoring a 25 basis points (bps) rate cut in June, where last week odds were rather for no rate cut in June.

Meanwhile, traders will watch the US Gross Domestic Product (GBP) release for the fourth quarter of 2024 later this week. Given the recent slowdown in US activity and economic data (for example, the softer Services Purchase Managers Index (PMI) reading on Friday), another drop in US yields could be triggered, with markets anticipating the Federal Reserve lowering its monetary policy rate to boost the economy and demand. The US dollar weakened after several reports and economic data points last week revealed that US business activity slowed and consumer confidence waned, with expectations for inflation surging and markets pricing in more rate cuts by the Federal Reserve this year.

Continue Reading
Advertisement JewelBuzz Banner
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

International News

SSEF Warns Emerald Buyers Of Post-Certification Treatment Fraud

By Treating The Gemstones After Testing, Fraudulent Actors Are Able To Falsely Inflate The Apparent Value Of The Stones

Published

on

The Swiss Gemmological Institute (SSEF) has issued an urgent trade alert warning gemstone buyers about a growing fraudulent practice: emeralds being artificially clarity-enhanced after they have received independent laboratory certification.

By treating the gemstones after testing, fraudulent actors are able to falsely inflate the apparent value of the stones while still using the original, clean lab report.

Because the high-end gemstone market heavily favors emeralds with no or minimal clarity modification, some sellers are exploiting the certification process through a multi-step deception:

  • Chemical Cleaning: Emeralds previously treated with artificial resins are chemically cleaned with strong solvents to remove the fillers.
  • Laboratory Testing: These cleaned emeralds—which may now display prominent, open fissures—are submitted to gem labs for testing. The resulting lab reports accurately state that no or only minor clarity modification was evident at the time of testing.
  • Post-Test Treatment: After receiving the clean report, the stones are treated again with oils, resins, or wax to improve their appearance before being sold alongside the outdated certificate.

While filling fissures in emeralds with oil, wax, or artificial resin to improve clarity is a legal and standard practice in the industry, it is a strict requirement that all such treatments be fully disclosed to the buyer.

SSEF warns the trade that this post-certification alteration is on the rise and cautions buyers to remain highly vigilant when purchasing high-value emeralds. The institute noted that the same fraudulent practice is also being observed among other gemstone categories.

Continue Reading

Trending

JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

We would like to hear from you...

GET WHATSAPP NEWS ALERTS

0
Would love your thoughts, please comment.x
()
x