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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Top News

More Indian Women are Choosing Natural Diamonds 

 Mumbai: The domestic natural diamond jewellery market continues to witness strong growth momentum, with the country emerging as the world’s second-largest diamond jewellery market. India contributes 12% of global diamond jewellery demand, up from 10% in 2019, surpassing both China and Japan. According to a recent study, ownership of natural diamond jewellery among Indian women has increased from 11% in

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GIA Acquires 30% Shareholding in TRACR

New York: De Beers Group and GIA (Gemological Institute of America) yesterday announced the signing of a definitive agreement for GIA to acquire a 30 per cent shareholding in Tracr, the De Beers Group-backed company behind the development of the pioneering diamond provenance blockchain-driven platform. The agreement marks a significant milestone in Tracr’s evolution towards independence and reflects GIA’s confidence

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De Beers Introduces Desert Diamonds Icons

Las Vegas: At the annual JCK Las Vegas Show – the largest jewellery event in the global calendar – De Beers Group yesterday set out its view on the way forward for the natural diamond sector, calling on the trade to work together to capitalize on the early success of the Desert diamonds ‘beacon’ campaign with the introduction of Desert diamonds Icons. The Desert

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Dr. Akinwumi Adesina is Chairperson of Diamonds for Development Fund

Gaborone: The Government of the Republic of Botswana and De Beers Group are delighted to confirm that Dr. Akinwumi Adesina has been appointed as the Diamonds for Development Fund’s Chairperson. Dr. Adesina is a widely respected global leader and renowned development economist with close to 40 years of experience in global and African development issues. He was the 8th elected President

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JNA Conference on Jewellery Design Concluded

Hong Kong: The JNA Conference on jewellery design ended on a high note, with over 150 designers, students and manufacturers from more than 25 countries and regions in attendance. Sponsored by KGK Group, the JNA Conference: “From Inspiration to Innovation – The Designer’s Journey of Creativity” took place on 19 September 2019 on the sidelines of the September Hong Kong

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WFDB-IDMA Presidents' Meeting Opened in Dubai

Dubai: The World Federation of Diamond Bourses (WFDB) Presidents Meeting kicked off in Dubai today with special sessions on lab-grown diamonds and provenance and traceability. An important delegation from Sodiam including Chairman Dr. Eugenio Bravo da Rosa took part in the ribbon cutting to officially open the Presidents Meeting. Angola has the potential to become the first and largest mining

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Forevermark Takes Center Stage at the 2019 Emmys

Mumbai: Forevermark diamonds lit up the red carpet at the 71st Annual Primetime Emmy Awards on actors Mandy Moore and Viola Davis. The stars arrived on the red carpet at the Microsoft Theater dazzling onlookers in this season’s latest diamond jewelry trends, particularly statement earrings, layered necklaces and timeless diamond classics. Emmy nominee Mandy Moore of This Is Us looked sleek and elegant wearing an off-the-shoulder gown adorned by white

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JNA Jewellery Design Competition Fetes Winners

Hong Kong: JNA recognised the winners and finalists of its inauguralJNA Jewellery Design Competition 2018/19 in a prize presentation ceremony on 18 September 2019 during the Fair Reception of the September Hong Kong Jewellery & Gem Fair 2019 at the Hong Kong Convention & Exhibition Centre. Organised by JNA of Informa Markets, the competition celebrates creativity, innovation and excellence in

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