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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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

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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

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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

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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

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IDMA's 40th Congress to kick off on March 28

Antwerp: The International Diamond Manufacturers Association (IDMA) will kick off its 40th Congress with a “Conversations with Industry Leaders” happening on the afternoon of March 28 at the D-Mall, adjacent to the Maccabi Building of the Israel Diamond Exchange complex. The panel discussion sessions will run from 13:00 to 17:00 hours on March 28. They will include conversations about the

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DMIA Held its First ‘Meet & Greet'

New York: The Diamond Manufacturers and Importers Association of America (DMIA) held its first annual member “meet-and-greet-and inform” cocktail reception on Wednesday, March 15, 2023. A well-attended DMIA membership meeting followed the reception. DMIA had invited representatives of GIA (the Gemological Institute of America), the Natural Diamond Council (NDC), the International Gemological Institute (IGI), De Beers, and the U.S. Department

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PNG Jewellers Signs Madhuri Dixit as Brand Ambassador

Mumbai: PNG Jewellers, announced the signing of Madhuri Dixit as its brand ambassador for the next two years. Madhuri Dixit, the renowned Bollywood actress, known for her elegance and grace, will represent the brand globally and across India. Madhuri was previously the brand ambassador for PNG Jewellers for a two year period. PNG Jewellers has been crafting exquisite jewellery for

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IIJS Tritiya Inaugurated in Bengaluru

Bengaluru: India’s apex body, The Gem & Jewellery Export Promotion Council (GJEPC) presented India International Jewellery Show – IIJS Tritiya – in Southern India at the Bangalore International Exhibition Centre (BIEC) from 17th to 20th March 2023 – a month prior to Akshaya Tritiya, the auspicious gold jewellery-buying festival. IIJS Tritiya follows the stupendous success of IIJS Premiere – Bengaluru

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