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

Read More »

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

Read More »

Top News

GJEPC Takes Bold Stance on Recent Hike in Import Duty

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) acknowledged the Government’s decision to raise gold import duty to 10% from 5% and Agri cess to 5% from 1%. An official statement issued by the organization says, “As an industry, we remain committed to the spirit of ‘Nation First’ echoed by Honorable Prime Minister Mr. Narendra Modi. In response to

Read More »

Need to Further Strengthen Trust in the System: KP Chair

Mumbai: The Kimberley Process (KP) Intersessional Meeting 2026 commenced in Mumbai under India’s Chairmanship. The meeting, being held from May 11 to May 14, 2026, has brought together representatives from Kimberley Process Participants, Observers and industry stakeholders from across the world to deliberate on key issues related to the global trade in natural diamonds. Addressing the gathering, KP Chair 2026,

Read More »

Sky Gold and Diamonds Appoints MSKA & Associates

Mumbai: Sky Gold and Diamonds Limited has appointed M/s M S K A & Associates LLP, Chartered Accountants, a member firm of BDO International, as the Statutory Auditors of the Company and its material subsidiaries, subject to shareholders’ approval. The appointment has been approved by the Board of Directors following the recommendation of the Audit Committee. The move marks a

Read More »

Reena Ahluwalia’s Painting Accessioned into Smithsonian

Toronto: Visual Artist Reena Ahluwalia’s painting, “The Legacy of The Winston Red Diamond,” has been accessioned into the Smithsonian National Museum of Natural History. At a May 6 ceremony in the Janet Annenberg Hooker Hall of Geology, Gems, and Minerals, Dr. Gabriela Farfan, the Coralyn W. Whitney Curator of Gems and Minerals, accepted the painting. This is the first contemporary

Read More »

CIBJO Releases Ethics Special Report

Milan: With fewer than five weeks to go to the opening of the 2019 CIBJO Congress in Manama, Bahrain, on November 18, 2019, the sixth of the CIBJO commissions’ Special Reports has been released. Prepared by the CIBJO Ethics Commission, headed by Tiffany Stevens, it covers a variety of topics, including the increasing number of international conventions with which members of the jewellery

Read More »

India Diamond Week Held from 15th to 17th Oct

Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) organized the India Diamond Week from 15th to 17th October 2019, which is aimed at creating an annual trading platform to increase communication amongst diamantaires and promoting the Make in India diamond business globally. India Diamond Week further envisages to establish and strengthen the business ties of Indian gems & jewellery exporters with buyers from countries

Read More »

Mediterranean Gemmological & Jewellery Conference

Vancouver: Following the success of the 2019 Mediterranean Gemmological & Jewellery Conference, the organisers have announced that the Sixth Mediterranean Gemmological & Jewellery Conference will take place in Thessaloniki, in Greece from May 1517, 2020. Next year’s event follows the success of the five previous conferences, including this year’s event in Limassol, Cyprus, where 75 participants from 27 countries took

Read More »

Bharat Diamond Week Inaugurated in Mumbai

Mumbai: The third edition of Bharat Diamond Week (BDW) saw a flying start with an august inauguration at Bharat Diamond Bourse (BDB), in the august presence of Mr. Evgeny Agureev (Deputy CEO, Alrosa), Mr. Nanhai Yan (Vice President, Shanghai Diamond Exchange), Mr. Ashok Gajera (MD, Laxmi Diamond), Mr. Anoop Mehta (President-BDB), Mr. Mehul Shah (Vice-President- BDB) and Mr. Rajesh Bajaj

Read More »

Latest Videos