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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HRD Antwerp-Bharat Ratnam Mega CFC Forge Collaboration

Mumbai: HRD Antwerp, Europe’s leading authority in Diamond and Jewellery Grading, Education and Equipment, has officially launched its operations within the Bharat Ratnam Mega Common Facility Centre (CFC) in Mumbai. This collaboration was unveiled during the prestigious IIJS Premiere 2025 and marks a significant leap in advancing India’s jewellery ecosystem with world-class diamond certification services. The inauguration ceremony was held

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Anil Kapoor Illuminates the ‘Jewellers for Hope’

Mumbai: The 10th edition of Jewellers for Hope, the flagship charity initiative by the Gem & Jewellery Export Promotion Council (GJEPC), illuminated the city with a powerful blend of compassion, commitment, and celebration. Held alongside IIJS Premiere 2025, this landmark edition brought together industry stalwarts, philanthropists, and dignitaries to mark a decade of impactful giving. Organized in collaboration with De

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GJEPC Renames India International Jewellery Show as ‘IIJS Bharat’ 

Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC), India’s apex trade body,has got received official confirmation from the Government to rename the biggest-ever India International Jewellery Show (IIJS) as IIJS Bharat, as announced by Mr. Kirit Bhansali, Chairman, GJEPC, during the inauguration of IIJS Premiere 2025.  In a significant announcement, Mr. Bhansali revealed that the Council has received official

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41st IIJS Premiere Inaugurated at JWCC

Mumbai: The biggest-ever India International Jewellery Show (IIJS), the 41st edition, is the biggest-ever edition of the famous gem & jewellery B2B trade show organised by India’s apex trade body,The Gem & Jewellery Export Promotion Council (GJEPC). Showcasing “Brilliant Bharat” theme, IIJS 2025 is eyeing big business generation of billions of dollars in exports with several policy initiatives such as the recently

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Doha Bank Imports Record Gold Volumes

Doha: Falling gold prices continue to fuel strong buying interest in gold, Doha Bank is building up its gold supply to meet increased consumer appetite for the yellow metal, website CPI Financial reports. The Bank imported 23,818 ounces of gold in the first seven months of 2015 to keep up with sustained demand from jewelry manufacturer, jewelers, retail and high

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Dominion Diamond Reports 2Q Sales Decrease

Toronto: Dominion Diamond Corp. said fiscal 2016 second quarter diamond sales were $209.7-million, versus $277.3 million in the comparable quarter (May-July) of fiscal 2015. The results reflect production from the Diavik and Ekati diamond mines, according to a company announcement. In July, the company initiated changes to the diamond liberation process to optimize diamond recovery at the Ekati diamond mine

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Botswana Cuts 2015 Growth Forecast to 2.6%

Gaborone: Botswana, the world’s biggest diamond producer, cut its 2015 economic-growth forecast by almost half because of an expected decline in demand for the precious stones. The southern African nation now forecasts expansion at 2.6%, the Finance Ministry said in a 2016-17 budget document. That compares with a projection of 4.9% announced by the government in February. “The downside risk

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UN Council Blacklists CAR Diamond Firm

Antwerp: The United Nations Security Council blacklisted on Thursday the Belgian branch of Central African Republic’s diamond trading company and three people linked to the country’s more than three-year-old conflict. The blacklisted diamond trading house is Kardiam, which U.N. sanctions experts say is the Antwerp, Belgium-based operation of the Central African Republic’s diamond-trading company Badica. Under UN sanctions, the firm’s

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