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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
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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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
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
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
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
GJEPC Donates Rs. 1 Crore Through CRS Initiative
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) through its CSR initiative ‘Jewellers for Hope’ charity dinner raised funds to donate the proceeds towards Indian Army Welfare, Tribal Integrated Development & Education Trust (TIDE) and Shrimad Rajchandra Love & Care (SRLC), held on 8th August, Mumbai. Mr. Pramod Kumar Agrawal, Chairman, GJEPC, hosted Jewellers for Hope charity dinner in the presence of Guest
Rajesh Exports Reports Mixed 3rd Quarter Results
Bengaluru: (By Evaluate Research) Rajesh Exports [RJEX_IN; Rs.202 billion/US$2.86 billion market cap; US$2.35 million total average daily value traded] reported an increase in revenues and net profit for the first quarter ended June 2019 on a sequential QoQ basis. Revenues for the first quarter came in at Rs.406 bn, down 7.5% YoY but up 18% on a sequential QoQ basis. Even though the revenues decreased on a year on year
GJEPC Inaugurates 36th Edition of IIJS
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) presents the 36th edition of the world’s foremost & prestigious gem & jewellery trade show – India International Jewellery Show – IIJS Premiere 2019 – being held in the City from 9th to 12th August 2019 at the Bombay Exhibition Centre, Goregaon, Mumbai. Shri Ashish Shelar, Maharashtra State Minister of School Education, Sports & Youth Welfare, inaugurated IIJS
Preciosa Introduces The Alpha Round Brilliant Cut
Mumbai: Preciosa, the leading producer of premium Bohemian crystals and fine jewellery stones, on 7th August, at a private viewing in Mumbai unveiled re-imagined ‘Alpha’ Round Brilliant cut in the company of invited guests and esteemed business partners. A paragon of geometrical precision, this new cut achieves the most ideal ratio of brilliance, scintillation and fire ever exemplified by round-cut
