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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
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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GJEPC Secures Grant For Micro & Small Exhibitors at IIJS Signature ’24
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has successfully enlisted the IIJS Signature 2024 Exhibition under the “Procurement and Marketing Support” scheme of the Ministry of MSME. The scheme provides financial assistance to micro and small enterprises for participating in domestic and international trade fairs and exhibitions. As a result, the eligible exhibitors can now avail themselves of
India to Resume Rough Imports from 15 Dec
Mumbai: The Indian gem & jewellery industry announces that the voluntary suspension of rough diamond imports, which was in effect from 15th October to 15th December 2023, will be lifted on 15th December 2023. The suspension was a collective decision taken by the Indian diamond industry, represented by the GJEPC, Bharat Diamond Bourse (BDB), Mumbai Diamond Merchants Association (MDMA), Surat
Entice, KGK 1905 to Open 10 New Stores in India
Mumbai: ‘Entice, KGK 1905’ is all set to launch 10 more stores in India by end of March 2025. Entice, KGK 1905 has established its presence worldwide, encompassing cities such as Jaipur and Mumbai in India, as well as Botswana,Hong Kong and Dubai on a global scale. Blending the highest form of aestheticism, elegance and style that reflects the rare combination of classical and contemporary
Antwerp’s Clarity Capital Finance Onboards First Client
Antwerp: Welcomed last year as a new player in the Antwerp diamond market, Clarity Capital Finance now announces it has finalized its first financing program last week and has fully kickstarted its operations in Antwerp by onboarding and financing its first client. The company is a Multi Seller Trade Receivables Finance Platform, a bespoke SPE set up for the purpose
Mastering Lab-Grown Diamonds: Seminar by GSI
Mumbai: The industry has reached the intriguing crossroad of category diversification and transparency when it comes to diamonds. Natural or man-made, illegal mixing of both damages the trust of every stakeholder involved in the process. As lab-grown diamonds continue to gain traction in the luxury jewellery market, comprehensive knowledge has become essential for industry players. Encouraging transparency, Gemological Science International
Gold to Have Best Annual Performance: WGC
Mumbai: Although global interest rates are expected to continue declining in 2025, creating a tailwind for gold, the outlook heading into the new year is somewhat muddled, according to the latest report from the World Gold Council (WGC). The WGC noted in its 2025 Outlook report, published Thursday, that the gold market faces two distinct scenarios next year as uncertainty
“Challenges in Diamond Identification”
Mumbai: India’s Bharat Diamond Bourse (BDB) hosted a riveting session on the important and well-timed topic of “Challenges in Diamond Identification” as part of the BDB leadership series. The session was presented by Dr. Wuyi Wang, Vice President of Research and Development at GIA and facilitated by Sriram Natarajan, Managing Director of GIA India. Dr. Wang’s session offered valuable insights
IGI’s IPO Opens on 13th December
Mumbai: International Gemmological Institute (India) Limited (“IGI” or “The Company”), shall open its Bid/Offer in relation to its initial public offer of Equity Shares on Friday, December 13, 2024. The total offer size of equity shares (face value of Rs. 2 each) aggregating up to Rs. 42,250 million [Rs. 4,225 crore] comprises a Fresh Issue of aggregating up to Rs. 14,750 million
