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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
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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PNG Jewellers Collaborated with Red FM
Pune: India’s Jewellery brand, PNG Jewellers collaborated with Red FM for a contest for its patrons in Pune. The contest was called ‘Asli Heera of My Life’ and the lucky winner won a grand prize of diamond necklace worth Rs. 1 lakh at the event held PNG Jewellers’ largest store in Hadapsar, Pune. The contest was split up in 4
CIBJO Approves Newest Blue Book
Milan: The Board of Directors of CIBJO, the World Jewellery Confederation, has approved the first edition of the Responsible Sourcing Book, which provides a framework and guidance for due diligence related to the responsible sourcing of gemstones and precious metals in the jewellery sector. It becomes the latest in CIBJO’s Blue Book series of definitive industry guides for standards and
WGC Publishes Outlook Report for 2019
Mumbai: The World Gold Council (WGC), In its ‘2019 Outlook’ report said geopolitical risks that weighed on global economic growth in the second half of 2018 would likely carry through to 2019. That uncertainty would be a boon for gold prices, as investor demand is expected to fire up for gold’s effective hedging role. Although the WGC did not weigh-in
GJC Hosts 1st PMI of the New Year
Coimbatore: All India Gem and Jewellery Domestic Council (GJC), the national apex body for the domestic gems & jewellery trade, presents the first Preferred Manufacturer of India (PMI) of New Year 2019 in ‘Smart City’ Coimbatore (the 5thlocation in the 4th edition after Pune, Hyderabad, Goa and Jaipur). Today, GJC’s PMI is revered as India’s most premium and exclusive B2B marketing
De Beers Introduces Desert Diamonds Icons
Las Vegas: At the annual JCK Las Vegas Show – the largest jewellery event in the global calendar – De Beers Group yesterday set out its view on the way forward for the natural diamond sector, calling on the trade to work together to capitalize on the early success of the Desert diamonds ‘beacon’ campaign with the introduction of Desert diamonds Icons. The Desert
Dr. Akinwumi Adesina is Chairperson of Diamonds for Development Fund
Gaborone: The Government of the Republic of Botswana and De Beers Group are delighted to confirm that Dr. Akinwumi Adesina has been appointed as the Diamonds for Development Fund’s Chairperson. Dr. Adesina is a widely respected global leader and renowned development economist with close to 40 years of experience in global and African development issues. He was the 8th elected President
GJEPC Showcases India’s Craftsmanship at JCK Las Vegas
Las Vegas: The Gem & Jewellery Export Promotion Council (GJEPC) marks a defining milestone this year, celebrating its 21st consecutive participation at JCK Las Vegas, the world’s premier jewellery trade event. From May 29th to June 1st, 2026, at The Venetian Expo, the India Pavilion will serve as a global stage for 33 of India’s most visionary member exporters. Spanning
Edward Asscher Re-Elected as RJC Vice Chair
London: Edward Asscher is re elected as the Vice Chairman of the Responsible Jewellery Council (RJC). Mr. Asscher has served in the role for the past four years. In 2024, Asscher was a nominee for the chairman position. However, he ultimately lost the vote to Richline CEO Dave Meleski and remained vice chairman. Though Asscher retired in 2020 after five decades at the helm of family-run
