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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Top News

GII Celebrates 52nd Anniversary

Mumbai: The Gemmological Institute of India (GII) has completed its 52nd year on 12th April, 2023. It was celebrated on Saturday, 15 April, 2023 in the Convention hall, Bharat Diamond Bourse (BDB), BKC. All the trustees, important trade personalities of G&J industry, visiting faculty members of GII and GII employees attended. Mr. Anoop Mehta, Chairman, GII and President, BDB chaired

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49th IGJA Function Held Successfully by GJEPC

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) organized the 49th edition of the India Gem & Jewellery Awards (IGJA) in Mumbai. The Chief Guest Mr. Piyush Goyal, Hon’ble Minister for Commerce & Industry, Consumer Affairs, Food & Public Distribution & Textiles, Government of India, felicitated 27 top Gem & Jewellery exporters during the award ceremony. The 49th edition

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Akshaya Tritiya: Jewellers Expect Pick up in Sales

Mumbai: The recent softening of the gold price has supported demand for the yellow metal on the auspicious day of Akshaya Tritiya and jewellers have been witnessing steady footfalls since morning. Mr. Saiyam Mehra the Chairman  of All India Gem and Jewellery Domestic Council (GJC) said, “The 2023 Akshaya  Tritiya was exceptional for jewellery retailers and consumers. Despite high prices,

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NDC Report Clears Misconceptions about Diamonds

Mumbai: Natural Diamond Council (NDC), the authoritative resource on natural diamonds, has released its 2023 analytical report entitled, Diamond Facts: Addressing myths and misconceptions about the diamond industry. Through this report, the NDC has set out to address misinformation about both natural diamonds and their synthetic counterparts. “In an age where consumers are more inquisitive and enlightened than ever, they

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BDB Leadership Series ‘Polishing our Future’ on 11th Oct

Mumbai: Bharat Diamond Bourse (BDB) is organizing the BDB Leadership Series: “Polishing Our Future,” on October 11, 2024, at the Convention Hall, BDB, Mumbai. This event is a rare opportunity to engage with leading figures from the diamond and jewellery industries, and BDB has invited industry professionals to register and be part of the conversation shaping the future of the

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IIGJ’s Training & Skilling Centre Opens in Ratnagiri

Ratnagiri: Mr. Uday Samant, Minister for Industries, Government of Maharashtra, inaugurated the Indian Institute of Gems & Jewellery (IIGJ), training and skilling centre in Ratnagiri on 24th September in the presence of Mr. Kirit Bhansali, Vice Chairman, GJEPC; Mr. M. Devender Singh, District Collector, Ratnagiri; Mr. Kirthi Kiran Pujar, CEO, Zilla Parishad, Ratnagiri; Mr. Sabyasachi Ray, Executive Director, GJEPC; Mr. Siddhartha,

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GJS 2024 from 25th Sep in Mumbai

Mumbai: The jewellery industry is set to dazzle as the much-anticipated India Gems and Jewellery Show 2024 (GJS2024) #HumaraApnaShow, a premier retail jewellery exhibition, opens its doors at Jio World Convention Centre, Mumbai, from 25th to 28th September 2024. Organized by All India Gem and Jewellery Domestic Council (GJC), this prestigious event brings together the finest jewellery brands, artisans, designers, and retailers

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Positive Outlook for Natural Diamonds: GJEPC

Mumbai: The natural diamond market is showing signs of resilience and recovery as prices begin to stabilize and inventory reaches manageable levels. The natural diamond market is experiencing a positive shift, characterised by price stabilisation and a growing sense of optimism. The industry’s resilience is evident in the recent decline of rough diamond imports relative to polished diamond exports, indicating

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