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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2021 CIBJO Congress to Take Place Virtually

Milan: CIBJO, the World Jewellery Confederation, will hold its 2021 annual congress virtually during the first and third weeks of November, from Monday, November 1 through Thursday, November 4, and then from Monday, November 15 through Thursday, November 18. The congress will be conducted on the new Zoom Events platform, which allows congress delegates to mingle and interact in a

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GJEPC Presented IGJ 2019 Awards

Surat: The Gem and Jewellery Export Promotion Council (GJEPC) hosted the 46th India Gem and Jewellery Awards (IGJA), supported by GIA in India’s Diamond City, Surat. The award ceremony was inaugurated by Honourable Chief Minister of Gujarat, Shri Vijay Rupani alongside Guest of Honour, Shri C.R. Patil, Member of Parliament, GOI and Special Guest, Shri Kumar Kanani, Minister for Health & Family

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De Beers Forevermark Organized 10th Annual Forum

Mumbai: De Beers Forevermark held its 10th annual forum in Mumbai from 24th to 26th August 2021. Hosting a hybrid virtual and in person event, the diamond brand reached over 8 lac partners, diamantaires, manufacturers and patrons. This year’s theme ‘Make Life Brilliant’ reflects De Beers’ purpose and belief that its diamonds have the power to Make Life Brilliant for its customers, communities, and the

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Hurry to Register: 16 Days to Go for IIJS Premiere

Mumbai: Registration for IIJS Premiere 2021, which is being held in Bengaluru for the first time, is in full swing. The registration process is completely online and the organizer Gem & Jewellery Export Promotion Council (GJEPC) requests all those eager participants and visitors to get themselves registered as there are only 16 days remaining for the commencement of the show.

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GJC Requests Formation of Gujarat State Level Vigilance Committee

Ahmedabad: The All India Gem and Jewellery Domestic Council (GJC) yesterday informed that it had formally requested the Government of Gujarat to establish a State Level Vigilance Committee dedicated to protecting the interests of jewellers across the state. A high-level delegation from GJC, led by Chairman Mr. Rajesh Rokde, Vice Chairman Mr. Avinash Gupta, Director Mr. Salim Daginawala, ZCM Mr. Avi Shah,

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Before You Buy Gold, Follow the Golden Rule

Mumbai: The Indian Association for Gold Excellence and Standards (IAGES), a Self-Regulatory Organization established by and for the Indian gold industry, has unveiled an exciting new campaign #PehlaCheckIAGES to elevate gold industry standards across the country. The IAGES framework of accreditation was formed with a vision to set the highest standards of integrity and excellence across the entire gold value

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De Beers & GJEPC Leaders Discuss Market Challenges

Mumbai: Mr. Paul Rowley, Executive Vice President, Diamond Trading, De Beers Group, met the GJEPC leadership at the Bharat Diamond Bourse in Mumbai on 28 November. Rowley was joined by Sean Lin, VP Sales, De Beers Group, and Sunil Dias, Diamond Consultant, De Beers. The De Beers officials were received by GJEPC’s leadership including Kirit Bhansali, Chairman; Shaunak Parikh, Vice

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Flanders Allows Foreign Diamond Workers in Antwerp

Antwerp: The Council of Ministers of the Flemish Government decided on the proposal of Minister of Work Zuhal Demir, that foreign workers may be employed for the shortage occupations of diamond polishers and diamond sorters. The decision is an important boost for the Antwerp diamond sector, which faces a structural shortage of these specialised profiles. They are scarcely available on

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