With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?

Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a

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With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?

Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a

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Gemfields Offers 11,685 Ct. ‘Buffalo’ Emerald for Auction

London: Gemfields has unveiled a colossal emerald weighing 11,685 carats, discovered at its 75%-owned Kagem mine in Zambia. Named Imboo, meaning buffalo in the local Bemba and Lamba dialects, the gemstone is the largest of several extraordinary emeralds unearthed at Kagem, already famed for record-breaking finds. The emerald will be sold at Gemfields’ auction running until Sept. 11. “Even under the beam

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Rashmika Mandanna Appointed India Brand Ambassador of Swarovski

Mumbai: Swarovski proudly announces actor Rashmika Mandanna as its new Brand Ambassador for India, marking a milestone for the Austrian luxury house as it strengthens its presence in one of its fastest-growing markets. India, a vibrant market with a deep affinity for jewelry and self-expression, continues to play a pivotal role in Swarovski’s global growth story. With her pan-India appeal,

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De Beers Report Highlights Progress in Key Areas

London: De Beers Group today published its 2024 sustainability report, highlighting significant progress across its key focus areas of climate, livelihoods, nature and provenance. These areas were identified as the priorities for De Beers Group’s sustainability work as part of a mid-term review of the Group’s Building Forever sustainability framework initiated last year. During the course of 2024, De Beers

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A Moment of Reckoning for India’s G&J Industry

Mumbai (Gems2jewellery.com Exclusive): India’s Gem and Jewellery (G&J) sector has long dazzled global markets, not just with its sparkle but with the millions of livelihoods it sustains. From the diamond polishing units of Surat to the gold jewellery workshops of Mumbai and Jaipur, this industry has been the backbone of India’s export story. But today, that glitter is under threat.

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GJEPC Organises Series of Virtual Buyer Seller Meets

Mumbai: Diamond studded Jewellery Virtual Buyer Seller Meet (VBSM) is held from 17th to 19th March 2021. This will be followed by Loose Diamond VBSM (to be held from 24th – 26th March 2021) and later by Platinum Jewellery VBSM Gem & Jewellery Export Promotion Council (GJEPC), the apex body of the gems and jewellery trade in India, in its endeavor to

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Reena Ahluwalia Launches Diamond Watch Collection

Hong Kong: Celebrating our inner brilliance, jewelry & watch designer and diamond painter Reena Ahluwalia has launched her first ever diamond watch collection. In her signature style, the timepieces spotlight mesmerizing diamond paintings by Reena on the dial in 3D. The watches are designed by Reena as Wrist Art. The central message is carried by her diamond painting for all

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GJEPC Organises India Rough Gemstone Sourcing Show

Jaipur: Gem & Jewellery Export Promotion Council (GJEPC), the apex body of Gems & Jewellery trade in India, inaugurated the India Rough Gemstones Sourcing Show 2021 (IRGSS 2021) in the presence of Mr. S. C. Agrawal, Commissioner of Customs, Jaipur along with GJEPC Regional Chairman (Rajasthan Region) Mr. Nirmal Kumar Bardiya, and CoA members Mr. Vijay Kedia, Mr. Ram Babu

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Global LGD Output to Touch 19.2 mln. Carats by 2030

Mumbai: India is set to become a major hub for production as well as processing of laboratory-grown diamonds (LGDs). Thanks to technological breakthroughs, cost-efficient production of gem-quality stones and growing consumer awareness of synthetic diamonds, India’s LGD output is estimated to have reached 1.5 million carats in 2020, according to a report by consulting firm Bain & Co. India accounts

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