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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IIJS Goes Virtual: Gets Huge Exhibitor Response

Mumbai: India International Jewellery Show (IIJS) Virtual, the digital edition of  the GJEPC’s flagship August show, that is scheduled to be held from 12th to 16th October, 2020, has already created a buzz among industry circles, with initial exhibitor interest exceeding the expectations of the organisers. The economic shockwave sent around the world by the Covid pandemic had naturally created

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CSR & Sustainability in Post-COVID Era: CIBJO Seminar

Milan: Launched as a webinar series in April 2020, Jewellery Industry Voices will be making its “in person” debut this weekend at VOICE VicenzaOro in Vicenza, Italy, the first major international gathering for the jewellery sector since the start of the COVID-19 crisis some six months ago. On Saturday, September 12, 2020, the JIV team will conduct two seminars, with

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IDI & AWDC to Host 2nd Online Diamond Trade Show

Ramat Gan: The Israel Diamond Institute (IDI) and the Antwerp World Diamond Center (AWDC) will hold a second online diamond trade show on September 14-17, 2020. The show, to be held on the Virtual Diamond Boutique trading platform, enables traders to buy and sell diamonds in a virus-free environment. According to the organizers the trade show is fully digital and

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GJEPC Aprrises New Jt. Secretary about G&J Industry

Mumbai: Officials of India’s Gem and Jewellery Export Promotion Council (GJEPC) had a virtual meet with Mr. Suresh Kumar, the new Joint Secretary, Department of Commerce, on 1st September and apprised him about the gems and jewellery industry and the various initiatives taken for growth of exports from India. Thanking the Joint Secretary for this opportunity, Mr. Colin Shah, Chairman

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Indian Companies Shine at 2014 JNA Awards

Hong Kong, 12th Sep: The 2014 JNA Awards has recognized a number of India-based companies for their contribution to the global jewellery and gemstone industry. JNA has named Anoop Mehta, president of the Bharat Diamond Bourse (BDB), as recipient of the Lifetime Achievement Award – the most prestigious honour conferred by JNA – while five of India’s major diamond manufacturers

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Multibank is First Fin. Inst. to Secure Office in PGJC

Panama: Panama’s Multibank has become the first financial institution to secure office space in the Phase I building of the Panama Gem & Jewelry Center (PGJC). Providing a range of banking products and services, the Panama City-headquartered bank also has operations in Costa Rica and Colombia, a representative office in Peru, and is the main company in the Multi Financial

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NCDIA Elects New President, Board

New York: The Natural Color Diamond Association (NCDIA) has elected new officers and a new board. Jordan Fine, JFine, will serve as group president; Alan Bronstein, Aurora Gems, will serve as vice president; Breanne Wittrock, Gunderson’s, will also serve as vice president; and Jeffrey Post, Gem Platinum, will serve as secretary/treasurer. Also on the board are David Shara, Optimum Diamonds;

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Angola to Focus on CAR Challenges as KP Chair

Luanda: Angola, which is set to lead the Kimberly Process Certification Scheme (KPCS) next year, says that it will focus on following up on the situation in Central Africa Republic (CAR) and Venezuela. CAR was temporarily suspended from the KP in May 2013 after a coalition of rebels threw President Francois Bozize out of office. The World Diamond Council (WDC)

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