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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Augmont Partners with Leading Brands 

Mumbai: Augmont, India’s Gold Platform has forged strategic partnerships with some of the most esteemed brands like Home Credit, Kalyan Jewellers, PNG, ONeCode, and EbixCash to promote Digital Gold as a product. These collaborations are a significant step towards Augmont’s vision of revolutionising how customers engage with Digital Gold investments. Augmont has always been committed to innovation, and its belief

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Plot Allotted for Jaipur Gem & Jewellery Bourse

Jaipur: India’s Gem & Jewellery Export Promotion Council (GJEPC), the apex trade body sponsored by the Ministry of Commerce & Industry, Govt of India has teamed up with the Jewellers Association Jaipur (JAJ) to form a special purpose vehicle (SPV), Jaipur Gem & Jewellery Board (JGJB) to implement the first-of-its-kind Jaipur Gem & Jewellery Bourse ‘dream project’. This global gemstone

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Govt. of Wallonia invests €250,000 in iTraceiT

Hennuyeres, (Wallonia, Belgium): iTraceiT, an independent, third-party company specializing in traceability solutions and the creator of the world’s first digital diamond passport, has received a grant of €250,000 from the Walloon government’s investment fund W.IN.G (Wallonia Innovation and Growth). The funding will contribute toward the expansion of iTraceiT’s marketing and sales program and the company’s foothold in India and the

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Sparkle ’23 Ended Successfully

Surat: The Sparkle International Gems and Jewellery Exhibition-2023, organized by Southern Gujarat Chamber of Commerce and Industry (SGCCI) and South Gujarat Chamber Trade and Industry Development Center at Pandit Deendayal Upadhyaya Indoor Stadium in Athwa lines, Surat on 25, 26 and 27th August, concluded with a great success note. The three-day exhibition showcased both traditional and innovative jewellery designs. The

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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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