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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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Antwerp Presents Ring with 321 Natural Diamonds to the US
Antwerp: During the celebration of the 250th anniversary of the United States (US) in the Parc du Cinquantenaire in Brussels, the Antwerp diamond sector presented an exclusive ring set with 321 natural diamonds to U.S. President Donald Trump. The ring symbolizes the historic trade relationship between Antwerp and the United States – for decades the most important export market for
From London to Athens, GJEPC Builds New Export Opportunities
London: Representing India’s gem & jewellery industry (G&J), the Gem & Jewellery Export Promotion Council (GJEPC) Vice Chairman Mr. Shaunak Parikh joined the high-level business delegation led by India’s Commerce & Industry Minister Mr. Piyush Goyal to the UK and Greece. In the UK, GJEPC championed the industry’s priorities as the India–UK FTA paves the way for gem & jewellery
Candere Announces Smriti Mandhana as its New Brand Ambassador
Mumbai: Candere, the lifestyle jewellery brand from the House of Kalyan Jewellers, has announced celebrated Indian cricketer Smriti Mandhana as its new brand ambassador. Joining Shahrukh Khan as the face of the brand, Smriti’s association marks a significant step in Candere’s journey to strengthen its connect with young, modern Indian consumers. One of India’s most accomplished cricketers, Smriti has built
GJEPC Urges RBI to Ease Banking Norms to Boost G&J Exports
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has urged the Reserve Bank of India (RBI) to introduce a series of banking and regulatory reforms to strengthen the competitiveness of India’s gem and jewellery (G&J) exports. The Council’s recommendations focus on improving exporters’ access to working capital, reducing compliance bottlenecks, streamlining banking procedures and creating a more facilitative regulatory
GJEPC Unveils 50th Anniversary Logo
Mumbai: GJEPC unveiled a special Roman Regal 50th anniversary logo at the Jewellers for Hope Charity Dinner event coinciding with the 33rd edition of the IIJS. The logo was unveiled by GJEPC Chairman Praveenshankar Pandya. During the year, the Council will hold a series of initiatives to commemorate this significant milestone in its illustrious history. “We, at GJEPC, have unveiled
GJSCI Launches India’s 1st Dedicated Job Portal
Mumbai: On occasion of the biggest annual jewellery event IIJS, Gems & Jewellery Skill Council of India(GJSCI) makes yet another contribution to the industry with the launch of www.gjscijobs.com, an exclusive job portal for the Gems & Jewellery industry. It was launched during the GJSCI seminar on ‘Why Skill’ at Hall No. 1 during IIJS 2016 by Mr. Manoj Dwiwedi,
NMDC Gets Nod for Diamond Explorations in AP
New Delhi: The Centre’s forest panel has given its permission to state-owned miner NMDC to enter into Kalyandurg forest range in Ananthapur district, Andhra Pradesh for carrying out diamond exploration. The Forest Advisory Committee (FAC), the apex body in the Union Environment Ministry that approves or rejects proposals for diversion of forest land — examined the proposal in the recent
33rd Edition of IIJS Inaugurated
Mumbai: The 33rd edition of India International Jewellery Show (IIJS), organized by the Gem and Jewellery Export Promotion Council (GJEPC) was inaugurated at Mumbai on Thursday. Mr. Bruce Cleaver, CEO of De Beers Group who was the chief guest at the five-day show’s inaugural function said, “India is of central importance to De Beers’ future and is at the very
