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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World Jewellery Confederation to Launch CIBJO Academy

Milan: World Jewellery Confederation President Gaetano Cavalieri has announced the establishment of the CIBJO Academy, which will be responsible for the preparation and delivery of educational programmes and materials, suitable for jewellery professionals and the consuming public, about standards, operating principles and terminology developed within CIBJO’s various commissions and expert committees. The announcement was made at the VICENZAORO show in

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HRD Antwerp Announces Winners of 18th Design Awards

Antwerp: In the fully packed Teatro Palladio at Vicenzaoro, the reinvented design competition came to its conclusion with the announcement of the 3 category winners, the two runners-up and the overall competion winner. That final honor falls upon the young and new talent Wang Xuerui from China. CEO Ellen Joncheere also launched a new initiative to support young designers worldwide:

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Registration Now Open for World Diamond Congress

Antwerp: The World Federation of Diamond Bourses (WFDB) has announced that registration is now open for the 40th World Diamond Congress, which will take place in Ramat Gan, Israel from March 28 – 30, 2023. The World Diamond Congress, the WFDB’s most important event, convenes representatives of the 29 member bourses as well as leaders of the world diamond community

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CIBJO & Turkish Jewellery Exporters Asso. Ink MoU

Milan: The heads of the World Jewellery Confederation (CIBJO) and the Turkish Jewellery Exporters’ Association (TJEA) have concluded a Memorandum of Understanding, pledging the intent of the two organisations to cooperate closely in nurturing the development of both the Turkish and international jewellery, gemstone and precious metals industries. The MoU was signed on 21st January, 2023, in Vicenza during the

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Govt. Clarifies Re-Import Rules for Unsold Jewellery at Exhibitions

New Delhi: India’s Ministry of Commerce & Industry has issued a crucial clarification concerning the re-import of unsold jewellery exported for exhibitions under specific conditions outlined in the Handbook of Procedure, 2023. This announcement follows recent amendments to the import policy for certain jewellery items. The Directorate General of Foreign Trade (DGFT), Department of Commerce, Ministry of Commerce & Industry,

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7th Platinum BSM on 4th & 5th July

Kochi: Platinum Guild International (PGI)-India has organized the highly anticipated 7th edition of its prestigious flagship event, the Platinum Buyer-Seller Meet (BSM) in Kochi. The marquee event will be held on 4th and 5th of July 2024, bringing together 16 official platinum jewellery manufacturers and leading names in retail jewellery business under the PGI programme. Renowned for its focus on design and

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Resilient Performance by India’s Jewellery Sector

Mumbai: India’s gems and jewellery sector continues to demonstrate resilience and growth, as highlighted by the latest export performance data for the period of April to May 2024. The overall gross exports of Gems & Jewellery during this period amounted to US$ 4691.58 million (Rs. 39123.07 crores), showcasing a commendable performance. While this reflects a slight decline of 5.94% (-4.56%

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GJEPC Leaders Meet New Ministers to Discuss Industry Issues

New Delhi: The leadership team of the GJEPC, including Chairman Mr. Vipul Shah, Vice Chairman Mr. Kirit Bhansali, Executive Director Mr. Sabyasachi Ray, along with Policy Advisor Ms. Monika Mohta, held a meeting with the Honourable Finance Minister, Smt Nirmala Sitharaman today, 13th June. The GJEPC delegation congratulated the Finance Minister on her efforts and discussed pressing issues and challenges currently

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