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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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International Jewellery & Diamond Conference
Antwerp: The International Jewellery & Diamond Conference 2020 – Guangzhou was jointly organized by Guangzhou Diamond Exchange and Guangdong Gems & Jade Exchange under the guidance of Panyu District People’s Government, Gems & Jewelry Trade Association of China, China Gold Association, and Guangdong Exchange Holding Group, with support from Shanghai Diamond Exchange and Jewellery Industry Alliance of the Guangdong-Hong Kong-Macao
GJEPC Launches Short Films to Boost Jewellery Demand
Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) continues to strive to strengthen the industry and boost demand for gem and jewellery. With the aim to help IIJS retailers reach out to their customers during this Dhanteras, GJEPC has introduced an exclusive series of 10 short promotional films. 5 films each on Gold and Diamond Jewellery based around different day-today situations emphasising
Labourers in India Unearth 2 Diamonds worth 90 Lakh
Bhopal: Two labourers became millionaires after they unearthed two diamonds weighing 7.44 and 14.98 carats at mines in Madhya Pradesh’s (India) Panna district, an official said on Tuesday. Dilip Mistry extracted the 7.44 carat stone from a mine in Jaruapur, while Lakhan Yadav mined a 14.98 carat one in Krishna Kalyanpur area, diamond inspector Anupam Singh said. The stones were
"Get-Diamonds" 1st to Introduce Provenance Section
Antwerp: Get-Diamonds, the world’s largest online marketplace for B2B diamond trading, will be the first platform to introduce a Provenance section, where only fully traceable diamonds will be listed. The ALROSA Provenance program will be the first to offer polished diamonds with proven guarantees of origin within this section. The ALROSA program provides buyers with access to a fully traceable,
Grown Diamonds Gaining Popularity
New York: According to a recent press release by Frost & Sullivan consultancy, there is positive consumer outlook for grown diamonds, but challenging supply side factors restrain their market potential. Demand for colorless diamonds in value and volume terms is higher than any other color of diamond in the gems and jewellery industry. One of the key factors that prevented
Inaugural Ruby Auction Nets $33.5m – Gemfields
Johannesburg: The inaugural auction of rough ruby and corundum mined at Aim-listed Gemfields’ 75%-owned Montepuez deposit, in Mozambique, has raised $33.5-million, taking the coloured-gemstones mining and marketing company’s overall revenue for rough gemstone sales to in excess of $143-million for the current financial year. The auction, held in Singapore from June 12 to 17, had included both high- and low-quality
GJEPC Demands Relaxations from Govt.
Mumbai: The Gems and Jewellery Export Promotion Council (GJEPC) has urged the government to reduce import duty on gold and silver to 2 per cent from 10 per cent. An official News Release received by this website says that the body has also demanded for scrapping the existing 80:20 scheme, which was imposed by the government in August last year,
36th World Diamond Congress Concludes
Antwerp: The 36th World Diamond Congress concluded in Antwerp, Belgium, and reflected strength in the attendance and the presence of international diamond, gem stone and jewellery industry organization delegates. These included the representatives of 30 bourses affiliated to the World Federation of Diamond Bourses (WFDB), 15 members of the International Diamond Manufacturers Association (IDMA), the two bodies that organize the
