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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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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WFDB Praises Luanda Accord to Support Natural Diamonds

Antwerp: The World Federation of Diamond Bourses expressed full support for the Luanda Accord, the agreement reached last week among major diamond-producing countries and trading centers to fund the promotion of natural diamonds, in a meeting in Luanda, Angola. All the signing parties have agreed to contribute 1% of the annual revenue they generate from rough diamonds to the Natural Diamond

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GIA Appoints Pritesh Patel as President & CEO

Mumbai: The Board of Governors of the Gemological Institute of America, Inc. (GIA) has named Pritesh Patel, currently GIA’s Chief Operating Officer, as the Institute’s President and Chief Executive Officer, effective August 4, 2025, according to a press release. Mr. Patel succeeds Susan M. Jacques, GIA’s President and CEO since 2014, who will continue at GIA as a strategic advisor

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Stage is Set for Platinum BSM in Kochi

Mumbai: All roads now lead to the Platinum Guild International (PGI) – India’s 8th annual flagship event, the Platinum Buyer-Seller Meet (BSM). Scheduled to take place on June26th and 27th, 2025, in Kochi, this marquee industry event will bring together leading retail and manufacturing partners across India’s platinum jewellery industry to showcase innovation, foster strategic partnerships, and drive category growth in a dynamic

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Endiama, Sodiam Join Natural Diamond Council

Mumbai: Angola’s two leading state-owned diamond institutions, ENDIAMA E.P. and SODIAM E.P., have formally announced their joint commitment to generic category marketing by joining the Natural Diamond Council (NDC) as contributing members, effective July 1, 2025. As the third-largest global producer of natural diamonds and one of the most promising in terms of future deposit discoveries, Angola continues to strengthen

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Second Edition of the Season of Hope Launched

Mumbai: After the success of last year’s retail initiative ‘Season of Hope’, Platinum Guild India (PGI) has launched the second edition of the month-long initiative from 8th October 2021 – 7th November 2021. Platinum’s Season of Hope will spread out to 1370+ retailers across the country ushering in the all-important festive and wedding season. As consumers transition into the new

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IGJS Kickstarted in Dubai

Dubai: India’s Gem & Jewellery Export Promotion Council (GJEPC) successfully kickstarted the International Gem & Jewellery Show (IGJS) 2021 in Dubai yesterday at the Grand Hyatt. It is the first ever gem and jewellery physical event hosted internationally, since the onset of pandemic. The show was inaugurated by His Excellency Pavan Kapoor, Ambassador of India to UAE along with Mr.

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CIBJO Describes Jewellery Ind.’s Role as a Catalyst

Milan: CIBJO President Gaetano Cavalieri has described to an audience of business and industry leaders meeting in the Italian capital of Rome, as well as online, the current and potential role of the jewellery industry as a catalyst for the fulfilment of the Sustainable Development Goals (SDGs). He was participating in the Sustainable Development Festival (Festival dello Sviluppo Sostenibile), organised

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IIGJ Mumbai Holds Glimpz 2021 Exhibition

Mumbai: Glimpz, the annual jewellery exhibition by graduating students of the Indian Institute of Gems & Jewellery (IIGJ) Mumbai, was inaugurated on 25th September 2021 at the Andheri campus. The theme of Glimpz 21 was “India…Enticing Land of Wonders”, based on the unique crafts and architecture exclusive to each Indian state and its ethos, the institute said. Each design undergoes

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