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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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

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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,

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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

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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

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Reena Ahluwalia Donates ‘Hope’ for Charity

New York: Continuing her commitment to Jewelers For Children (JFC) charity, artist Reena Ahluwalia is donating an original diamond painting to JFC to raise funds. The 20-inch painting, ‘Hope’, features a highly nuanced, hyper-realistic round brilliant diamond. It took Reena 200-hours to complete. The painting will be auctioned at the JFC’s Facets of Hope event on June 2, at The

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CIBJO & CGWG to Create Responsible Sourcing Tools

Milan: CIBJO, the World Jewellery Confederation, and the Coloured Gemstone Working Group (CGWG) facilitated by the Dragonfly Initiative (TDI) have announced a new collaboration to strengthen and disseminate tools and resources for the responsible sourcing of coloured gemstones, to support a transparent, sustainable and vibrant coloured gemstone industry. It is intended that the tools and resources being developed will also

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Mudan Watch & Alyssum By Reena Collection at JCK

Hong Kong: Aaron Shum Jewelry of Hong Kong and designer Reena Ahluwalia partnership is set to add more dazzle to JCK this year. The brand will be exhibiting Coronet’s ninth Guinness World Record and their Alyssum By Reena collection at JCK Las Vegas, booth 57096. The Mudan diamond watch was awarded the Guinness World Record at Baselworld for Most Diamonds

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Lab Grown Diamond Council Formed

New York: The Lab Grown Diamond Council (LGDC) was launched on 16th May 2019 in New York. The Mission of the LGDC is to develop and implement a multi-tiered, international communications program designed to increase the awareness of, knowledge about, and demand for Lab Grown Diamonds, says press release issued by the LGDC. “Many leading companies in the Lab Grown

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