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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DIB Offers Services to Diamond & Jewellery Sectors

Puerto Rico: Digital International Bank (DIB), an international financial entity headquartered in the U.S. territory of Puerto Rico, has announced that it will begin offering services internationally. Among the clientele it will be catering to are companies and individuals involved in the diamond and jewelry industries. According to a spokesperson, banking services will initially include account management, the international transfer

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United Nations Publishes CIBJO Statement

Milan: The Office of the United Nations (UN) Secretary General has announced the publication of statements delivered by NGOs affiliated to the UN Economic and Social Council (ECOSOC), for the High-Level Political Forum on Sustainable Development that is currently taking place. Only 179 statements from the more than 5,400 NGOs affiliated to ECOSOC were published, and among them was the

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WDC President Applauds GemFair-GIZ-MRU Agreement

New York: Mr. Edward Asscher, President of the World Diamond Council (WDC), has expressed the WDC’s strong support for an agreement announced yesterday by the De Beers Group’s GemFair initiative, the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) and the Mano River Union (MRU), according to which the three bodies will collaborate in the development and delivery of a regional training

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New Dates Announced for JGW and JGA

Hong Kong: Informa Markets – Jewellery is rescheduling Jewellery & Gem WORLD Hong Kong (JGW), the industry’s leading B2B fine jewellery event, for 9 – 13 November 2020 at the AsiaWorld-Expo (AWE). The fair organiser is also preparing to launch a customised digital event service later this year, which is designed to meet the unique needs of the jewellery industry and enhance the exhibitor discovery

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India’s G&J Ind. Bids Farewell to Kobbi Shoshani

Mumbai: Bharat Diamond Bourse ( BDB) & Gem & Jewellery Export Promotion Council (GJEPC) bade a warm farewell to Mr. Kobbi Shoshani, Consul General of Israel. During his tenure, Mr. Shoshani has been more than a diplomat—he has been a true ambassador of friendship. His leadership, vision, and unwavering commitment have strengthened the bonds between Israel and India, creating relationships

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Celebrate Onam with Platinum Jewellery

Mumbai: Onam is a season defined by abundance — of joy, togetherness, and new beginnings. It is a time when choices reflect thoughtfulness, where compromise feels out of place. For jewellery that carries this spirit, platinum stands apart: a metal of unmatched rarity and preciousness, offering value beyond compare through its high purity standards, longevity, modern design language, and uniquely

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Gemfields Offers 11,685 Ct. ‘Buffalo’ Emerald for Auction

London: Gemfields has unveiled a colossal emerald weighing 11,685 carats, discovered at its 75%-owned Kagem mine in Zambia. Named Imboo, meaning buffalo in the local Bemba and Lamba dialects, the gemstone is the largest of several extraordinary emeralds unearthed at Kagem, already famed for record-breaking finds. The emerald will be sold at Gemfields’ auction running until Sept. 11. “Even under the beam

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Rashmika Mandanna Appointed India Brand Ambassador of Swarovski

Mumbai: Swarovski proudly announces actor Rashmika Mandanna as its new Brand Ambassador for India, marking a milestone for the Austrian luxury house as it strengthens its presence in one of its fastest-growing markets. India, a vibrant market with a deep affinity for jewelry and self-expression, continues to play a pivotal role in Swarovski’s global growth story. With her pan-India appeal,

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