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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GJSCI Promotes India's Traditional Jewellery Art Forms

Mumbai: One of the highlights of the IIJS 2019 was the Craft Pavilion by Gem and Jewellery Skill Council of India (GJSCI), the nodal body for skill development of the Indian Gems & Jewellery industry under the National Skill Development Council (NSDC). India’s traditional Jewellery art forms like Thewa, Gajra, Bindri, Tarakasi, etc, are among the few jewellery forms which today have just a

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GIA India Launched Diamond Origin Report

Mumbai: To help ensure the public trust in gems and jewellery and in an effort to build consumer confidence through transparency and traceability, GIA India has launched the GIA Diamond Origin Report in India on Aug. 9 at their Booth # 1D066. The GIA Diamond Origin Report confirms the country of origin of a polished diamond and includes a full

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GJEPC Donates Rs. 1 Crore Through CRS Initiative

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) through its CSR initiative ‘Jewellers for Hope’ charity dinner raised funds to donate the proceeds towards Indian Army Welfare, Tribal Integrated Development & Education Trust (TIDE) and Shrimad Rajchandra Love & Care (SRLC), held on 8th August, Mumbai. Mr. Pramod Kumar Agrawal, Chairman, GJEPC, hosted Jewellers for Hope charity dinner in the presence of Guest

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Rajesh Exports Reports Mixed 3rd Quarter Results

Bengaluru: (By Evaluate Research) Rajesh Exports [RJEX_IN; Rs.202 billion/US$2.86 billion market cap; US$2.35 million total average daily value traded] reported an increase in revenues and net profit for the first quarter ended June 2019 on a sequential QoQ basis. Revenues for the first quarter came in at Rs.406 bn, down 7.5% YoY but up 18% on a sequential QoQ basis. Even though the revenues decreased on a year on year

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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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