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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De Beers Announces Changes to Exe. Committee

London: De Beers Group has announced its new organisational structure and Executive Committee. The structure is designed to deliver De Beers’ strategy, generating sustainable profitable growth and building on the company’s leading position in the diamond industry. The composition of the De Beers Executive Committee – the most diverse in its history – reflects the breadth of the business, stretching

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C. Krishniah Chetty Acquires Reena’s Paintings

Toronto: Artist Reena Ahluwalia has released intricate, bedazzling paintings of the Maharaja and Maharani of Mysore. Now, the Royal Mysore paintings have been acquired by C. Krishniah Chetty Crystal Museum – a private, by-appointment museum in Bengaluru, India. In Royal Mysore paintings, Ahluwalia captures the opulence of the past and etches the historic legacy of Indian gems and jewelry onto

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Rio Tinto unveils Beyond Rare collection of diamonds

Perth: Rio Tinto has introduced its much-anticipated Beyond Rare™ collection, featuring a stunning array of pink, red, and yellow diamonds. The collection unveiled in an invitation-only event known as The Art Series, boasts 48 exceptional polished diamonds, including heritage inventory from the renowned Argyle diamond mine and precious yellow diamonds from Rio Tinto’s Diavik diamond mine. Sinead Kaufman, chief executive of Rio Tinto

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IDE Opens “Stand With Israel” Sales Event

New York: The Israel Diamond Exchange (IDE) opened the special sales event “STAND WITH ISRAEL” recently at the New York Diamond Dealers Club. The event was from No held vember 27 – 30, 2023, on the trading floor of the DDC, with the participation of 25 leading diamond companies from Israel. The event was opened by Israel Diamond Exchange President

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Vummidi Bangaru Jewellers Receives Award

Chennai: Vummidi Bangaru Jewellers (VBJ), a renowned heritage brand from Chennai, has achieved a remarkable feat by winning India’s first JCK Jewellers’ Choice Award in the platinum category. The JCK Jeweller’s Choice award, popularly considered as the Oscars of the Jewellery industry witnessed history being made with VBJ’s platinum Infiniti collection securing first place, in the Platinum Jewellery category for

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Sarine Announces Merger of GCAL 

Ramat Gan: Sarine Technologies Ltd has announce the closing of the acquisition agreement between Sarine and the Gem Certification & Assurance Lab, Inc (GCAL).The merger creates a robust synergy between Sarine’s leading technologies, and in particular its revolutionary AI-derived cloud-based on-site e-Grading™ system and verifiable data based Sarine Journey™ traceability paradigm, and GCAL’s strong brand in the US market and

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GJEPC Launches First-of-its-Kind IJEX

Dubai: India and the United Arab Emirates celebrated the first anniversary of the Comprehensive Economic Partnership Agreement (CEPA). Commemorating the 1st year of India-UAE CEPA, apex trade body Gem & Jewellery Export Promotion Council (GJEPC) launched the first-of-its-kind India Jewellery Exposition Centre (IJEX), the 365-day exhibition platform in Dubai. His Excellency Mr. Juma Al Kait said, “Today as we celebrate

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CIBJO Congress in Jaipur from Oct. 3-5, 2023

Milan: The World Jewellery Confederation (CIBJO) will hold its 2023 annual congress in Jaipur, in the Indian State of Rajasthan, from October 3 to October 5. Pre-congress meetings will be held on October 1 and 2. The 2023 Congress, which will take place at the Jaipur Exhibition and Congress Centre (JECC), is being hosted by the Gem & Jewellery Export

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