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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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WJA Launches Financial Empowerment Series
New York: The Women’s Jewelry Association (WJA) launched its first-ever Financial Empowerment series in partnership with The Newman Group of Oppenheimer & Co. Inc. to further the personal and professional development of women in the jewellery and watch industries. The first event, Women and Money: Taking Control of Your Financial Future, will be held virtually Wednesday, February 24th, at 1pm
Alrosa Nets $430 Million from Jan Sales
Moscow: ALROSA, the Russian mining giant, has netted $ 430 million from January diamond sales – $ 421 million for rough diamonds and $ 9 million for polished diamonds, according to a press release issued by the Company. The company noted that the sales data for January are preliminary and subject to revision, and that more accurate and detailed information
Gahcho Kué Mine Suspends All Operations
Toronto: The Gahcho Kue diamond mine in Canada has suspended all operations after six workers tested positive for COVID-19. It follows a separate outbreak involving workers on contractor-operated winter road 25 miles away, although health officials do not believe the two are linked. The 335 workers currently at the mine in Northwest Territories, have been confined to their rooms, “except to use the washroom and for scheduled meal times“.
De Beers’ Jan Sight Earns Highest in Three Years
Gaborone: De Beers sold $650 million worth of rough diamonds at its first sales Sight of the year – “the highest figure” since January 2018. In the last Sight of 2020, De Beers sold $452 million worth of rough, while in the corresponding Sight of 2020 (Sight 1), De Beers sold $551 million worth of rough. Mr. Bruce Cleaver, CEO
41st World Diamond Congress Kicks Off in Singapore
Singapore: With almost every seat taken in the Atrium Ballroom of Singapore’s Park Collection Hotel in City Island’s Marina Bay district, the 41st World Diamond Congress kicked off on July 13. In his welcome speech, Fabio Cascapera, Chair of the Congress Organising Committee and President of the Diamond Exchange of Singapore (DES), noted that since the 24th World Diamond Congress was held in Singapore
Rapaport Melee Auction at Bharat Ratnam Mega CFC
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), in association with SEEPZ Mumbai, invites members of the gem & jewellery industry to participate in the Rapaport Melee Auction at the Bharat Ratnam Mega CFC from 13th to 16th July. This is an excellent opportunity to source quality melee diamonds through a globally trusted auction platform while connecting with the
IIJS Bharat Premiere 2026 Promotion Across Thailand
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has expanded its promotional campaign for IIJS Bharat Premiere 2026 across Thailand through a series of meetings with the Embassy of India, leading industry associations, government institutions and jewellery retailers. Varun Chulet, Assistant Director, GJEPC Jaipur, led the outreach aimed at strengthening bilateral trade ties and encouraging greater Thai participation in
20 under 40: Celebrating the Next Generation of Leaders
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC)’s 20 Under Forty Awards celebrate exceptional young leaders shaping the gem and jewellery industry. The GJEPC recently opened nominations for the 2026 edition. Honorees will be recognized at IIJS Bharat – Premiere 2026, being held August 5–9 at the Jio World Convention Centre and August 6–10 at the Bombay Exhibition Centre
