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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CVD Lab-Grown ‘All Diamond’ Ring Graded at HRD

Antwerp: Dutch Diamond Technologies (DD) has created the world’s first ring that is entirely made from a lab-grown diamond. ‘Project D’, DD’s name for the ring, took a year to manufacture and was created in honour of the company’s 10th anniversary. For grading this unique piece of jewellery, DD turned to HRD Antwerp, Europe’s leading authority in diamond grading. The

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Enjoy this Valentine's Day with Platinum

Mumbai: Discovering a love that uplifts you, & pushes you to be the best version of yourself is truly rare. Respect for each other’s individuality begets a relationship of equals – a relationship free from societal dictates and gender-defined roles. It is a strong relationship where love is a given but in addition to it is a deep understanding of

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IGI Certifies 24 Lakh Pieces of Diamond Jewellery in '18

Mumbai: The International Gemological Institute (IGI), the largest global independent gem certification and appraisal institute in India, has certified over 24 lac pieces of diamond jewelry at the laboratory based out of India alone, in 2018. The rise in number is clearly a sign of a more informed and conscious customer base becoming persistent on a certificate from an international

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Indian Budget Does Not Reduce Gold Import Duty

Mumbai: India’s Finance Minister Mr. Piyush Goyal recently presented a vote on account budget which proposed no direct proposals for the G&J Sector. But the budget has some proposals like rise in income tax slab and incentives for farmers would improve buying capacity. It has not proposed to reduce the import duty on Gold which is 10% at present. Here

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GIA Team Uncovers Gemstone Treasures in Brazil

Brasilia: Field researchers from the Gemological Institute of America (GIA) journeyed to gemstone mining areas in Brazil from March 31 to April 17 this year, gathering information on the current state of coloured stone mines in the region. Focusing specifically on emerald and tourmaline, the research team had the opportunity to visited Minas Gerais, Rio Grande do Norte and Paraiba

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GJEPC Welcomes Export Promotion Mission, SEZ Revival

Mumbai:Announcing the reforms and budget for 2014-15, the Finance Minister, Mr. Arun Jaitley has maintained the populist front, announcing various small measures and state level schemes however none of them promise any major impact on the gem & jewelry sector, the Gem & Jewellery Export Promotion Council (GJEPC) has said in an official statement. “The industry is happy that our

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GJF Expresses Deep Anguish over Union Budget

Mumbai: Indian gems and jewellery Industry is extremely disappointed with the Union Government Budget Proposals as the finance ministry did not consider their plea of reducing the import duty component on gold and also abolish the stringent 80:20 norms. “The union finance minister Mr. Arun Jaitley has ignored the plight of the trade in spite of several representation and meetings

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No Solace in Budget for India's Jewellery Sector

Mumbai: India’s Finance Minister Mr. Arun Jaitley has not given any relaxation in his first budget today as far as import duty on gold is concerned, within 45 days of forming of the Narendra Modi government. Mr. Jaitley surprised bullion markets by keeping the import duty on gold and silver unchanged at 10% in his fiscal budget, a move likely

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