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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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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NDC Partners with Jewellery Brands in China

Mumbai: The Natural Diamond Council (NDC) recently announced a strategic partnership with two prominent leaders in China: DR Diamond Ring (Darry Ring), the world’s leading engagement ring brand(*), and LIU GUI FU JEWELRY, a renowned Chinese jewellery brand. Together, they will produce a range of digital content, online and offline communication projects. In addition, they will also leverage their educational

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Kareena Kapoor Opens Women Entrepreneurs’ Exhibition

Mumbai: The 36th edition of the most anticipated event in the city – the Women Entrepreneurs’ Exhibition organized by the Ladies’ Wing of the IMC Chamber of Commerce and Industry opened yesterday. For over five decades, the Wing has championed women’s empowerment, fostered entrepreneurship, and promoted economic growth through its innovative initiatives. This popular event was a spectacular showcase of

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5th Bharat Diamond Week from 2nd Oct

Mumbai: The Bharat Diamond week (BDW) is an exclusive Diamond and Diamond Jewellery Exhibition organized by Bharat Diamond Bourse [BDB] within the BDB complex in Mumbai, India.  This 5th edition of BDW has confirmed Buying delegations from Diamond buying fraternity. Close to 50 large medium sized and small Diamond companies have confirmed booth space and would be showcasing exclusive high quality diamonds and

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India’s 1st Jewellery Exports Through Courier

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has achieved a significant milestone by facilitating the country’s first jewellery exports through courier mode from Mumbai. This development represents a significant leap forward in simplifying international trade. India’s first 4 jewellery exports from Caratlane via Air India from India to USA was departed on 6th September 2023. The total export value

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GJEPC Presents Pre-Budget Recommendations 

New Delhi: India’s GJEPC Chairman Mr. Vipul Shah presented key recommendations for the gem & jewellery trade at yesterday’s pre-budget meeting with Union Finance Minister Mrs. Nirmala Sitharaman. Mr. Shah said, “The Indian gems and jewellery industry contributes around 10% to India’s total merchandise exports. However, the industry is currently facing some challenges due to the geopolitical scenario, the emergence

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Sanctions: EU Extends Sunrise Period

Antwerp: European Union (EU) is extending the “sunrise period” for the traceability of sanctioned Russian diamonds by six months, and allowing trade in “grandfathered stock” – goods imported before restrictions were imposed. Both announcements were made yesterday as part of its 14th package of sanctions, according to the AWDC (Antwerp World Diamond Centre), which has been calling for concessions. The

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IIJS Premiere Gets Exhibition Excellence Awards

Mumbai: It was a Proud moment for India’s Gem & Jewellery Export Promotion Council (GJEPC) when the India International Jewellery Show (IIJS) Premiere received Exhibition Excellence Awards on 21st June 2024 in Mumbai. “IIJS Premiere 2023” won two awards 1) Top Sourcing Show of India – Winner and 2) India’s Grand Show -1st runner’s up. The winner awards were received

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India Pavilion at JGA Hong Kong 2024

Hong Kong: The Gem & Jewellery Export Promotion Council (GJEPC) is proud to announce India Pavilion participation in the Jewellery & Gem Asia (JGA) Hong Kong, being helf from June 20-23, 2024, at the Hong Kong Convention and Exhibition Centre. This prestigious event stands as Asia’s unmatched mid-year B2B sourcing platform for the gem and jewellery industry. The India Pavilion,

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