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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Botswana Unearths Massive 1,305 ct. Diamond

Gaborone: Africa’s leading diamond producer, Botswana, has reinforced its status as a global powerhouse in the gemstone industry after a massive 1,305.4-carat diamond was recovered from the country’s renowned Karowe mine, adding yet another extraordinary discovery to its record of producing some of the world’s largest and most valuable diamonds. The stone is categorized as white and is unbroken, the

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Forevermark Diamond Jewellery Opens First Store in Bengaluru

Bengaluru: Forevermark Diamond Jewellery from De Beers Group has strengthened its presence in South India with the launch of its first store in Bengaluru, marking a significant step in the brand’s retail expansion journey in India. Located at Phoenix Mall of Asia, one of Bengaluru’s premier luxury retail destinations, the new store strengthens Forevermark’s presence in one of the country’s

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India–UK Trade Agreement: CoOs Distributed

New Delhi: To commemorate the India–UK trade agreement coming into effect, Mr. Rajesh Agarwal, the Commerce Secretary and Ms. Lindy Cameron, High Commissioner of UK in India distributed Certificates of Origin (COOs) to some of our exporter members at Vanijya Bhawan. Mr. Sabyasachi Ray, Executive Director and Mr. Antarpal Singh, Regional Chairman, Northern Region received the certificates on their behalf

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Kirit Bhansali Joins India’s High Level Delegation

Mumbai: Mr. Kirit Bhansali , Chairman of India’s Gem & Jewellery Export Promotion Council (GJEPC), joins Mr. Piyush Goyal , Hon’ble Minister of Commerce & Industry; Dr. S. Jaishankar , Hon’ble Minister of External Affairs; Mr. Jitin Prasada , Hon’ble Minister of State for Electronics & Information Technology and Commerce & Industry; and Ms. Karen Rentmeesters , CEO, AWDC, at

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PNG Jewellers Honoured with Token of Appreciation

Mumbai: PNG Jewellers, the 187 Years legacy jewellery the brand was awarded the token of appreciation at Dadasaheb Phalke International Film Festival Awards 2020 for “Excellence in Jewellery- Retail”. The prestigious appreciation letter was received by Dr. Saurabh Gadgil, Managing Director, PNG Jewellers at a special felicitation event at Taj Lands End, Mumbai on 20th Feb 2020. PNG Jewellers are

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Sonam Kapoor Inaugurated India Pavilion at DJWE

Doha: The India Pavilion at the 17th Doha Jewellery & Watches Exhibition (DJWE) was inaugurated by DJWE brand ambassador and Bollywood Diva Mrs. Sonam Kapoor Ahuja in the presence of Indian Ambassador His Excellency P. Kumaran. India Pavilion is one of the highlights of the show. India Pavilion located at New Luxury area and Concourse area, with 27 exhibitors spread

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Gemfields Announced Result of Emerald Auctions

Lusaka: Gemfields has announced the result of an auction of predominantly commercial quality rough emerald held in Lusaka, Zambia from 18-21 February 2020. The emeralds were extracted by Kagem Mining Ltd in Zambia (“Kagem”, which is 75% owned by Gemfields and 25% by the Industrial Development Corporation of Zambia). The proceeds of this auction will be fully repatriated to Kagem

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Seasons Spring Show from 19th to 21st May, 2020

  Hong Kong: The show dates of SEASONS | Spring – Fashion Jewellery & Accessories Fair, originally slated for 3-6 March 2020 at the AsiaWorld-Expo (AWE) in Hong Kong, have been rescheduled to 19-21 May 2020 at Hall 2 of AWE. This decision has been reached following careful consideration and extensive discussions. Our top priority has always been to ensure the health and safety of all show

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