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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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Divine Solitaires Launches E-Commerce Platform
Mumbai: Divine Solitaires, India’s first solitaire jewellery brand announced the launch of its E-commerce platform with an aim to make the best of the solitaires available to their customers in the comfort of their home. Having been a specialist of the solitaire segment for over a decade, Divine Solitaires (www.divinesolitaires.com/shop) is now the only online platform exclusively dedicated to selling
CIBJO Seminar to Focus on Challenges Faced by SMEs
Milan: With responsible sourcing policies, verifiable supply chain integrity and social and environmental sustainability fast becoming requirements for companies operating in the jewellery sector, small and medium-sized enterprises are feeling increasingly pressured. The cost of conducting due diligence can be restrictive, and often is a source of anxiety, particularly in Italy, where all but a handful of companies are SMEs
Pink Diamond Jewelled Tiger Now on Perth Mint Coins
Perth: As one of the most powerful animals in Eastern culture, the majestic tiger has been immortalised in rare Argyle pink diamonds on The Perth Mint’s most significant release for 2020. The opulent Jewelled Tiger coin is crafted from 10oz of 99.99% pure gold and adorned with a finely sculptured three-dimensional 18 carat rose gold tiger pavé set with nearly
GJEPC Holds Training Program for Kolkata Customs
Kolkata: To facilitate the export from the Eastern Region of the country, the GJEPC arranged a weeklong training program on Gold & Jewellery Appraising for the officers of Kolkata Customs. The training was held from January 6-10, 2020 at Kolkata Custom’s Board Room, International Cargo Complex, Kolkata Airport. GJEPC arranged the faculty from Indian Diamond Institute (IDI) Surat to train
CIBJO Gives Sustainability Frame for Pearl Sector
Milan: CIBJO President Gaetano Cavalieri has presented an outline for sustainability in the cultured pearl sector, emphasizing that a comprehensive approach must be taken that addresses economic, environmental and social responsibility. He was speaking at the Sustainable Pearls Forum, which took place in Hong Kong on June 21. The cultured pearl industry provides an opportunity to introduce concepts that often
Gold Curb Relaxations on the Way…
New Delhi: The government of India has indicated that there is a need to ease norms for bullion imports to boost supplies and jewellery exports. “There is a need of rationalisation in (gold import) duty and (gold import) procedure….We have already made it clear that there is a need to look at the current gold import regime,” commerce secretary Rajeev
RBI's Credit Limit Troubles Diamond Units
Surat: At least 350 small and medium diamond companies in the world’s biggest diamond cutting and polishing centre in Surat are facing severe financial problems with Indian banks strictly implementing the 90 days credit limit for overseas payment to rough diamond dealers in Antwerp and Dubai for the past four months, reports The Times of India. The Gem and Jewellery
India Eyes Direct Diamond Tie-Ups with Russia
Mumbai: With the threat of US economic sanctions on Russia hanging like a Damocles sword, India’s gem and jewellery industry is gearing to establish direct contacts with Russia, to source rough diamonds, reports Business Line. Supply of roughs from Russia to Dubai and Belgium could be severely impacted if the US imposes economic sanctions on Russia, say exporters. Currently, the
