Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded

Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and

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Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded

Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and

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GAGE College Principal Visits IIG, Mumbai

Mumbai: Mr. Moges Girma, Principal of GAGE College, Addis Ababa, Ethiopia, visited the International Institute of Gemology on the 30th August. 2019. He was keen to see the variety of courses offered by IIG in the gems and jewellery sector, and admired how IIG emphasized on practical training than just theory-based courses. Mr. Rahul Desai hopes to form a new

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Jewellery Design in Limelight at JNA Conference

Hong Kong: JNA, the publication of Informa Markets’ Jewellery Group, will chart jewellery designers’ fascinating creative process from mind to market in its conference during the September Hong Kong Jewellery & Gem Fair 2019 in Hong Kong, China. The JNA Conference: “From Inspiration to Innovation – The Designer’s Journey of Creativity” takes place on 19 September 2019 from 3pm to 5pm at Rooms S426

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Karisma Kapoor Unveils Forevermark Festive Collection

Mumbai: OM Jewellers launched their festive collection crafted with genuine, natural Forevermark diamonds. Film star Karisma Kapoor graced the occasion at their Borivali, Mumbai store yesterday. Highlighting the exquisite brilliance of a Forevermark diamond, OM Jewellers has expertly curated 300 gorgeous pieces crafted in beautiful, rare and responsibly sourced diamonds making it ideal to gift or self-purchase during the festive season. Each of the designs

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De Beers Sales Continues to Drop

Gaborone: The seventh cycle of De Beers has generated $280 million, a whopping 44% less than the $503 of the same cycle in 2018. The current sales number is slightly higher than the $280 in the sixth cycle. Mr. Bruce Cleaver, CEO, De Beers Group, said, “With midstream participants continuing to work down polished diamond inventory levels and reduced levels

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Overseas Traders Invited to Buy Offices in SDB

Surat, 30th May: After Mumbai, now Surat diamantaires are inviting diamond traders from abroad to set up offices at the proposed Surat Diamond Bourse (SDB) here. Road Shows are being organized at Antwerp, Dubai, Hong Kong, China, UAE and Europe, to impress upon diamond traders to buy office space at the proposed diamond bourse, according to a report in The

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Demand for Indian Gold Jewellery to Rise

Mumbai: India’s gems and jewellery exporters are set to shine brighter than domestic retailers. Positive signs from export destinations such as higher disposable income and consumer spending as well as improvements in consumer confidence is set to support export volumes of gems and jewellery, maintain analysts. An economic recovery is also set to benefit exporters, reports Mineweb.com. Indian exporters are

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IGI Becomes Premier Affiliate Sponsor of NCDIA

New York: The International Gemological Institute (IGI) has joined the Natural Color Diamond Association (NCDIA) as its first premier affiliate member. With an aim to educate consumers and increase global demand and desire for natural color diamonds, NCDIA is a not-for-profit, membership-based organization. Beyond the record-breaking blue and orange diamonds sold recently at auctions, the association has been working to

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ADB to Participate in Int’l Diamond Week

Ramat Gan: The Israel Diamond Exchange (IDE) announced that a delegation of the Antwerp Diamond Bourse (Beurs voor Diamanthandel) will join colleagues from the Diamond Dealers Club of New York to take part in the International Diamond Week at the Israel Diamond Exchange, from Monday, September 1 to Thursday, September 4. “We’re very pleased that the Antwerp Diamond Bourse will

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