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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
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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Indian Exporters Get Mejor Boost
Mumbai: Taking a major step to boost exports, the Government of India has decided to extend the benefit of the Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) to all export goods with effect from 1st January, 2021. The RoDTEP scheme would refund to exporters the embedded Central, State and local duties/taxes that were so far not
IIJS Virtual Opens for Retailers to Fix Appointments
Mumbai: IIJS Virtual 2.0 has opened up for retailers to fix appointments from 2nd January 2021. Retailers can now go through product images, catalogues and videos of more than 250 participating exhibitors and fix appointments. Mr. Shailesh Sangani, Convener, National Exhibitions, GJEPC, said, “Before the show in inaugurated on the 8th of January, the visitors will have enough time to browse
Swarovski Closes down its Gemstone Business in India
Mumbai: Swarovski has closed down its gemstone business in India. The Company that celebrated its 125th anniversary recently, Swarovski has churned out crystals in every imaginable shape and form, from sparkling dolphin figurines to encrusted fountain pens to glittering mobile-phone cases. An affordable indulgence rarely costing more than a few hundred dollars, Swarovski trinkets have invaded every corner of the
2nd IIJS Virtual from 8th to 12th Jan 2021
Mumbai: IIJS Virtual in October was a game changer for the industry with transaction of approximately Rs. 1000 Crore taking place and the industry could recover from the effects of pandemic to an extent. Now, India’s Gem and Jewellery Export Promotion Council (GJEPC) is all set to organise the second edition of IIJS Virtual 2.0 which will be held from
Progress in Harmonization of Language used on Gemological Reports
Mumbai: The Laboratory Manual Harmonization Committee (LMHC) has reported significant progress towards its goal of achieving the harmonisation of language used on gemmological reports, following its latest meeting, which was hosted by the Swiss Gemmological Institute – SSEF, in Basel, Switzerland, in May. Following the meeting, LMHC members unanimously approved three new information sheets that standardise terminology and testing procedures, and
GJEPC Urges Finance Minister for Urgent Relief
New Delhi: India’s Gem & Jewellery Export Promotion Council (GJEPC) leadership, led by Chairman Mr. Kirit Bhansali, along with Vice Chairman Mr. Shaunak Parikh and Executive Director Mr. Sabyasachi Ray, met the Hon’ble Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman recently to seek urgent relief measures for the gem and jewellery sector, which has been severely impacted by
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
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
