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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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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GJEPC Organises Series of Virtual Buyer Seller Meets

Mumbai: Diamond studded Jewellery Virtual Buyer Seller Meet (VBSM) is held from 17th to 19th March 2021. This will be followed by Loose Diamond VBSM (to be held from 24th – 26th March 2021) and later by Platinum Jewellery VBSM Gem & Jewellery Export Promotion Council (GJEPC), the apex body of the gems and jewellery trade in India, in its endeavor to

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Reena Ahluwalia Launches Diamond Watch Collection

Hong Kong: Celebrating our inner brilliance, jewelry & watch designer and diamond painter Reena Ahluwalia has launched her first ever diamond watch collection. In her signature style, the timepieces spotlight mesmerizing diamond paintings by Reena on the dial in 3D. The watches are designed by Reena as Wrist Art. The central message is carried by her diamond painting for all

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GJEPC Organises India Rough Gemstone Sourcing Show

Jaipur: Gem & Jewellery Export Promotion Council (GJEPC), the apex body of Gems & Jewellery trade in India, inaugurated the India Rough Gemstones Sourcing Show 2021 (IRGSS 2021) in the presence of Mr. S. C. Agrawal, Commissioner of Customs, Jaipur along with GJEPC Regional Chairman (Rajasthan Region) Mr. Nirmal Kumar Bardiya, and CoA members Mr. Vijay Kedia, Mr. Ram Babu

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Global LGD Output to Touch 19.2 mln. Carats by 2030

Mumbai: India is set to become a major hub for production as well as processing of laboratory-grown diamonds (LGDs). Thanks to technological breakthroughs, cost-efficient production of gem-quality stones and growing consumer awareness of synthetic diamonds, India’s LGD output is estimated to have reached 1.5 million carats in 2020, according to a report by consulting firm Bain & Co. India accounts

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BDB Leadership Series Discusses Future of G&J Sector

Mumbai: The second edition of the Bharat Diamond Bourse (BDB) Leadership Series themed ‘Polishing Our Future’ concluded successfully with world renowned speakers attending the preparatory conference for the Gem and Jewellery Industry members. This was the third day of the three-day conference, the first two days dedicated to presentation of research papers by globally acclaimed scientists under the AGDRT (Advances

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Forevermark Diamond Jewellery Launched in India

New Delhi: Forevermark Diamond Jewellery from De Beers Group, the world’s leading diamond company, officially launched as a jewellery brand yesterday. India becomes the lead market for the Forevermark brand with a landmark brand debut and flagship store opening in New Delhi. The opening of the flagship New Delhi store marks a significant milestone in Forevermark’s journey of bringing its

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0% U.S. Import Tariff for EU-Polished Diamonds 

Antwerp: Thanks to intensive negotiations, the Antwerp World Diamond Centre (AWDC), the umbrella organization for the Antwerp diamond industry, has succeeded in securing a zero percent import tariff for natural polished diamonds under the trade agreement between the European Commission and the United States. This exemption is part of a U.S. executive order, effective retroactively as of Monday, September 1,

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GSI Launches State-of-Art Lab in Kolkata

Kolkata: Gemological Science International (GSI) proudly announced the official launch of its laboratory in Kolkata, marking a significant milestone in the company’s commitment to providing world-class gemological services to one of the leading jewellery manufacturing hubs of India. The event, which was attended by prominent industry leaders and luminaries, received an overwhelming outpouring of support and enthusiasm, further solidifying GSI’s

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