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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
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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Rohit Sharma, Anirudh Ravichander Star in Platinum’s New Campaign
Mumbai: Platinum Guild International (PGI) India unveiled a new campaign for its men’s jewellery brand Men of Platinum, featuring cricketer Rohit Sharma and music composer Anirudh Ravichander. The campaign signals an expansion of the men’s platinum jewellery category, speaking to a wider spectrum of men—from those seeking contemporary, design-led pieces as an expression of personal style to those drawn to
India’s G&J Industry Welcomes GST Reforms
Mumbai: The Indian Gem & Jewellery industry (G&J) expressed its sincere gratitude to India’s Finance Minister Mrs. Nirmala Sitharaman for the landmark GST reform recommendations approved at the 57th GST Council meeting. These progressive recommendations are a significant step towards enhancing ease of doing business, strengthening export competitiveness and creating a more enabling environment for the growth of India’s Gem
Momentum is Building for Basilia Jewellery & Watch Fair
Basel: Three months after its launch, it is clear that Basilia Jewellery & Watch Fair, organised by Informa Markets and MCH Group, meets a strong need with its gateway trade fair for the jewellery, watch and gemstone industries in Asia and Europe. Strong market demand has already brought exhibitor registrations to 70% of the target for the inaugural edition, which
Men of Platinum Expands Collection with New Designs
Mumbai: Platinum Guild International (PGI) India has unveiled a new Men of Platinum collection featuring chains, pendants, bracelets and rings designed for men at different stages of their journey. Endorsed by Rohit Sharma and Anirudh Ravichander in the brand’s new campaign, the collection brings to life a central belief: enduring success is forged through character—the conviction to forge your own
India's Diamond Sector Hit Hard by the Pandemic
Mumbai: India’s diamond cutting and polishing hub located in Surat is hard hit following the worst crash in polished diamonds prices in the international market. The prices have fallen 7%-10% due to a severe economic crisis in the key diamond consuming countries coupled with the outbreak of coronavirus pandemic, say media reports. The plummeting of prices comes on the heels
Registration for 37th IIJS Premiere Opens
Mumbai: Visitor Registration for the 37th IIJS Premiere, scheduled to be held from August 6-10 2020, has opened on March 16, the organisers, GJEPC have announced. The process is online and those interested in availing of the Early Mover advantage while registering can log on to the IIJS Premiere website at www.iijs.org for the purpose. The show is among the
GJC Supports PM's Call for Janata Curfew on 22nd Mar
Mumbai: All India Gem & Jewellery Domestic Council (“GJC”), India’s trade federation with representation of over 6 lakh jewellers from across India, has extended its wholehearted support and cooperation to the Government in the battle against COVID-19. GJC members will support Hon. Prime Minister Mr. Narendra Modi’s clarion call for Janata Curfew on Sunday, 22 March 2020, to fight the
HRD Antwerp Suspends Educational Courses
Mumbai: Impact of the Covid-19 over the gem and jewellery industry is globally felt now. Many trade shows have been canceled, sales and manufacturing activities have gone down drastically. The industry stakeholders are cooperating their best to prevent further the spread of the novel coronavirus. HRD Antwerp has also announced to stop its educational activity till further notice. In a
