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

AWDC to Promote its Diamond Trade in Mexico

Antwerp: The Antwerp World Diamond Centre (AWDC), the umbrella organization for the Antwerp diamond industry, from 16 to 20 February 2019 will participate in the Royal Mission to Mexico. Currently, Mexico mainly imports polished diamonds from the United States. This Royal Mission is therefore the ideal opportunity to promote the Antwerp diamond trade in Mexico and to ensure that Mexican

Read More »

Industry Leaders Pay Tribute to Pulwama Martyrs

Mumbai: Indian Leaders of G&J Industry recently gathered in the premises of the Bharat Diamond Bourse (BDB) to express their solidarity with the CRPF soldiers who were massacred in Kashmir’s Pulwama by a handful of terrorists. It is known that in barbaric act of terror on CRPF convoy in the Kashmir Valley over 40 CRPF personnel had martyred on Thursday,

Read More »

Bibhu Showcases New Forevermark Collection

New York: Celebrating their on-going association with leading New York-based fashion designer Bibhu Mohapatra; Forevermark, the diamond brand from De Beers Group mesmerised on the runway as the designer showcased his new collection during New York Fashion Week. In collaboration with Narayan Jewellers by Ketan & Jatin Chokshi, Forevermark provided an assortment of beautiful, rare and responsibly sourced diamond jewellery

Read More »

GJEPC Distributes Artisan Awards

Mumbai: It was a night to remember as the real stars of Indias coveted designer jewellery descended from the skies to the Royal Opera House in south Mumbai responding to the futuristic theme of Enchanted Cosmos! The Gem & Jewellery Export Promotion Council (GJEPC) presented The Artisan Jewellery Design Awards 2019 powered by GIA (Gemological Institute of America) and co-partnered

Read More »

De Beers Sending AMS Machines to Sightholders

Gaborone: Jonathan Kendall, President of De Beers’ International Institute of Diamond Grading & Research (IIDGR), said the Automated Melee Screening (AMS) instrument is being dispatched to Sightholders across the globe. The first installation and training sessions successfully took place at the end of June with Tasaki and Rosy Blue in Japan. “The focus has now shifted to installing the AMS

Read More »

Antwerp Diamond Trade Fair in February 2015

Antwerp: The organizers of the Antwerp Diamond Trade Fair (ADTF) announced the 2015 dates of this unique by-invitation-only international loose diamond trade show. The sixth edition of the ADTF will open its doors on Sunday, February 1st, and close on Tuesday, February 3. The ADTF’s dates are in sync with those of other prestigious jewellery industry events in the region

Read More »

Angola Sets 10M Carat Output Target in 2014

Luanda: Angola, the fourth-largest diamond producer in the world, aims to ramp up production this year, setting itself an output target of 10 million carats. “This year we have an ambitious target of 9.5 million carats in production and 550,000 carats in artisanal production, which means we have to produce 10 million carats,” said Angola Geology and Mining Minister Francisco

Read More »

India's Diamond Imports' Get 180 Days' Credit

Mumbai, 8th July: The Reserve Bank has relaxed norms governing import of rough, cut and polished diamonds by doubling the credit time period to 180 days. “…it has been decided, in consultation with the government, that the Clean Credit i.e. credit given by a foreign supplier to its Indian customer/ buyer, without any Letter of Credit (Suppliers’ Credit)/Letter of Undertaking

Read More »

Latest Videos