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Did Natural Diamond Ind. Misjudge LGD Threat?
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
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
Top News
De Beers Called off its August Sight
Gaborone: In yet another sign of the diamond market’s troubles, De Beers has called off the sight it scheduled for August and is combining it with the one that had been planned for October. The new merged sight will take place Sept. 23-27. That means De Beers will have nine allocations this year instead of its traditional 10, though a
Mumbai to Get Bigger Exhibition-Convention Centre
Mumbai: A new bigger Exhibition & Convention Centre in Mumbai and ‘Smart Manufacturing’ will be included in the new Industrial Policy of Maharashtra, which will be announced in September 2024, announced Dr. Harshdeep Kamble, IAS, Principal Secretary (Industries) Govt. of Maharashtra, at the India International Jewellery Show (IIJS) Premiere show organized by the Gem & Jewellery Export Promotion Council (GJEPC).
Piyush Goyal Announces Introduction of Diamond Imprest Licence
Mumbai: Mr. Piyush Goyal, Hon’ble Minster of Commerce & Industry, Govt. of India, announced the introduction of the Diamond Imprest Licence during his interactive session at the 40th edition of India International Jewellery Show 2024, the flagship show of the Gem & Jewellery Export Promotion Council (GJEPC) held at the Bombay Exhibition Centre (BEC), NESCO, Goregaon. The Diamond Imprest Licence will
India is the Second Largest Market: Paul Rowley
Mumbai: Mr. Paul Rowley, Executive Vice President, Diamond Trading, De Beers group, while opening of the sustainable De Beers group booth at IIJS Premiere Show 2024 said, “The Indian consumer’s love affair with natural diamonds and all they represent is going from strength to strength. With demand for diamond jewellery growing faster in India than anywhere else in the world,
Celebrate Love with Platinum Love Bands
Mumbai: Platinum Love Bands aims to elevate the celebration of Valentine’s Day, with the ultimate symbol of love – rare platinum. Perfect for those ready to embark on a journey of commitment, or mark a big moment in their relationship journey, these bands will make Valentine’s Day truly unforgettable. With the ability to make passersby halt in their tracks, gigantic
Bharat Diamond Bourse Firefighters Glitter
Mumbai: This year’s All India Fire Service Sports & Fire Service Meet witnessed a blaze of talent from the Bharat Diamond Bourse (BDB) Department of Security & Fire Safety. Held from February 1st to 4th at Gujarat University, Ahmedabad, the event saw 850 firefighters push their limits in various sports and fire drills. The meet kicked off with a Grand
Gemfields Collaborates with House of Meraki
London: The House of Meraki x Gemfields fine jewellery collaboration is now available for purchase on Net-a-Porter, including exclusive pieces available only on the Net-a-Porter platform. The dazzling new drop of pieces, which has just gone live on the site, is a symphony of rings, bracelets, earrings and necklaces, reflecting House of Meraki’s marriage of modern and traditional influences and
PGI CEO Huw Daniel to Retire
New York: Platinum Guild International (PGI), the jewellery industry’s authority on the world’s most precious metal, has announced that its longtime chief executive, Huw Daniel, will retire at the end of March, after twenty one years with the organization. Originally from Wales, Mr. Daniel spent a large portion of his career in advertising, working in both Europe and Asia, for
