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Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
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Collectors & Connoisseurs Shine at Argyle Tender
Perth: Rio Tinto’s spectacular 2015 Pink Diamonds Tender collection of 65 rare pink and red diamonds from its Argyle diamond mine has delivered an exceptional result, reflecting global demand and sustained price growth. The Argyle Pink Diamonds Tender, known as the ‘Connoisseurs Collection” weighing a total of 44.14 carats and including four Fancy Red diamonds, was internationally popular with winners
Sarine Opening Allegro Service Center in Jaipur
Jaipur: Sarine Technologies Ltd has announced the opening of its first Allegro™ service center in Jaipur, India. The system provides automated gemstone planning and shaping services. The Allegro™ was developed by Galatea Ltd, Sarine’s wholly-owned subsidiary. The system provides automated, highly accurate evaluation, planning and precise shaping of rough gemstones. Using 3D laser mapping technology, it measures the rough gem
Diamonds May Be Common, Deep in the Earth
New York: Diamonds are not exactly as rare as you may think. New research suggests that they can form through a previously unknown reaction, and they may be widespread in the rocks far beneath our feet. “Diamond formation in the deep Earth, the very deep Earth, may be a more common process than we thought,” said Johns Hopkins University geochemist
RBI Issues Guidelines for Gold Schemes
New Delhi: The Reserve Bank of India (RBI) on Friday issued detailed guidelines on the sovereign gold schemes aimed at curtailing the physical demand for the yellow metal. Prime Minister Narendra Modi on Thursday launched the Sovereign Gold Bond (SGB), Gold Monetisation (GMS) and the Indian Gold Coin (IGC) schemes. The SGB scheme, which will be issued by the government
Antwerp Diamond Pavilion Expands at HK Show
Antwerp: From 15 September to 19 September, Antwerp World Diamond Center (AWDC) will again participate at the Hong Kong International Jewellery Show. The Antwerp Diamond Pavilion at this fair keeps expanding every year. With three additional companies coming on board, no less than 99 Antwerp diamond companies will be exhibiting their goods. The Hong Kong Jewellery and Gem Fair in
Alternate Venue for SDB Proposed
Surat: Faced with criticism and agitation by farmers and NGOs crusading for green environment in the city, diamond barons, who were lobbying with the state government for 2 lakh square metre of Navsari Agriculture University (NAU) land at Ghod Dod Road for the proposed Surat Diamond Bourse (SDB), have now decided to back off, reports The Times of India. They
$6m Diamond Goes Missing
Windhoek: Police in Namibia are hunting for a 78-carat diamond after the gem went missing during a recent strike by 1,500 workers of the Namibia Diamond Trading Company. NDTC, like the mining firm Namdeb, is a 50-50 joint venture between Anglo American’s De Beers unit and the Namibian government with a history dating back to the 1920s. Bloomberg reports the
BDB Planning International Diamond Week
Mumbai: India’s Bharat Diamond Bourse (BDB) is planning an International Diamond Week in 2015, Mr. Anoop Mehta, President of the BDB has said in an interview with Rapaport. Stressing about the BDB’s future plans, Mr. Mehta said, “We are planning an International Diamond Week, which will take place in the bourse sometime in early 2015. It will have about 300
