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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IIJS Celebration & Award Night

Mumbai: Renowned Bollywood singer Javed Ali set the stage on fire with his electrifying performance at IIJS Celebration Night at Jio World Convention Centre on 4th Jan on the eve of IIJS Signature organized by India’s Gem & Jewellery Export Promotion Council (GJEPC). The crowd went ballistic when he started singing the popular Bollywood numbers! An entertaining night that left

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IJPM’s Construction to Begin this Month

Mumbai: The first-of-its-kind India Jewellery Park Mumbai’s (IJPM) construction will commence this month, announced Mr. Vipul Shah, Chairman, Gem & Jewellery Export Promotion Council (GJEPC) during the inauguration of the 17th edition of India International Jewellery Show (IIJS) Signature gem & jewellery trade show at Bombay Exhibition Centre (BEC), NESCO, Goregaon East. Phase 1 of India Jewellery Park Mumbai, including the

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Reena Ahluwalia Releases ‘Diamond Trails’

Mumbai: Five Diamond Stories by Five Writers. Five Diamond Paintings by Artist Reena Ahluwalia. Five Ways to Make an Impact. Globally acclaimed jewelry designer and artist, Reena Ahluwalia has released Diamond Trails, a ground-breaking diamond project at the IIJS Signature Show in Mumbai. The project is hosted and championed by GJEPC in India. Diamond Trails is a trailblazing art project

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17th Edition of IIJS Signature Inaugurated

Mumbai: Mr. Mangal Prabhat Lodha, Minister of Skill Development, Employment, Entrepreneurship & Innovation, Govt. of Maharashtra, inaugurated the 17th edition India International Jewellery Show (IIJS) Signature organized by India’s apex trade body, Gem & Jewellery Export Promotion Council (GJEPC). The inauguration ceremony was also graced by the presence of several esteemed dignitaries, including Guest of Honour Mr. Saurabh Gadgil, Managing Director

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De Beers’ First Sight of 2016 Valued at $540 Mln

Gaborone: Anglo American plc has announced that De Beers’ first Sight of 2016 improved significantly to $540 million – more than double the final Sight of 2016, valued at $248 million. The company, in a press statement said that a number of factors influenced the increase in polished prices, including a positive US holiday retail season, lower levels of rough

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CSR Came under Focus at Vicenzaoro

Milan: Corporate Social Responsibility strategy in the gemstone and jewellery sectors came under focus at a well-attended seminar conducted during the VICENZAORO January trade show, in Vicenza, Italy, on January 24. The seminar was part of CIBJO’s and Fiera di Vicenza’s joint programme to promote CSR education in the jewellery sector, and also was supported by Gemfields PLC, the world’s

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KGK Expands its Horizon to Australia

Mumbai: The year 2016 has clocked in with good news for the KGK group as it adds another diamond and jewellery company to its portfolio- Ausdiam Pty Ltd., an Australia based company. There would be a change in the identity of the company and now it would be called KGK AUSDIAM PTY LTD., taking the global presence of KGK from

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WFDB Preparing for World Diamond Congress

Antwerp: The World Federation of Diamond Bourses (WFDB) is preparing for the 37th World Diamond Congress, the biennial meeting of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA), which will take place in Dubai from May 16 to 19. WFDB President Ernie Blom says the key themes of the meeting will be transparency, responsibility

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