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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KP Plenary 2021 to be Held in Hybrid Format

Moscow: The Kimberley Process (KP) Plenary meeting from 8th-12th November 2021 will have a hybrid format, according to the Russian Federation, the current KP Chair. The Plenary will take place both online and in-person – for those who will be able to visit Moscow (subject to national Covid-19 restrictions and quarantine rules applied when entering Russia). Russia’s Ministry of Finance

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Networking Dinner at IIJS Premiere

Bengaluru: The India International Jewellery Show (IIJS Premiere) 2021 recently concluded with a great success note. The show which is a primary platform for Indian jewellery manufacturers, hosted the industry’s biggest gathering of domestic and overseas buyers and retailers, enabling them with key insights into changing demand trends along with versatile jewellery crafted with highest standards of design and finish. The

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Piyush Goyal Exhorts Industry to be more Atmanirbhar

Bangalore: India’s Gem & Jewellery Export Promotion Council (GJEPC) organised an interactive session during IIJS Premiere 2021, one of Asia’s leading Gem & Jewellery trade exhibitions, in Bangalore. The conference was graced by the presence of Mr. Piyush Goyal, Hon’ble Minister for Commerce & Industry, Textile, Consumer Affairs, Food and Public Distribution, Govt of India along with Mr. Colin Shah,

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Karnataka Welcomes IIJS Premiere with Open Arms

Bengaluru: The Gem & Jewellery Export Promotion Council (GJEPC) kick-started the IIJS Premiere 2021, one of Asia’s leading Gem & Jewellery trade exhibitions, in Bangalore on 15th September. The inauguration ceremony was attended by Mrs. Anupriya Patel, Hon’ble Minister of State for Commerce & Industry, Ministry of Commerce & Industry (through video conference); Mr. Murugesh Nirani, Hon’ble Minister of Large

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GJEPC’s Banking Seminar on Saturday

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has organized Diamond, Gem & Jewellery Banking Summit-2014 on Saturday, 28th June 2014 in Mumbai. The who’s who of Banking, Gem & Jewellery Trade and Ministry of Finance officials will be present on one platform to discuss the issues like- Aspects and Present Issues on Financing for the Gem & Jewellery

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IDMA Tackles Thorny Issues at 36th WDC

Antwerp: With the close of the 36th World Diamond Congress in Antwerp, Belgium, members of the International Diamond Manufacturers Association (IDMA) concluded their deliberations, after raising and discussing a long list of topics that weigh heavily on the minds of diamond manufacturers worldwide. IDMA President Maxim Shkadov emphasized at the concluding press conference on June 19 that his organization was

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IMF Urges Zimbabwe to Boost Transparency

Harare: The International Monetary Fund (IMF) stated that Zimbabwe remains committed to implementing the policies and reforms that were agreed to with an IMF-monitored program and to stay engaged with international financial institutions. The program marked its first anniversary this month and while the IMF suggested a number of guidelines to stabilize Zimbabwe’s economy, the organization also concluded that the

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Russia's Rough Exports Increased by 21.5% in 1Q

Moscow: Russia’s natural rough diamond exports increased 21.5 percent on the year to 12.01 million carats in the period from January to March, the Finance Ministry said on Monday. Diamond imports dropped 2.6 times in carat terms to 8,040 carats. In monetary terms, Russia’s diamond exports rose 20.6 percent to $1.41 billion while imports halved to $16.5 million, PRIME reports.

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