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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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GJEPC's India Diamond Week at Mumbai from 23rd Oct
Mumbai: After the phenomenal success of its first edition and increasing demand from the buyers as well as sellers, India’s Gem & Jewellery Export Promotion Council (GJEPC) is all set to organize the 2nd edition of India Diamond Week in Mumbai from 23 – 25 October 2018. This year, India Diamond Week will be held on the side lines of
Bharat Diamond Week now Twice every Year
Mumbai: The 2nd edition Bharat Diamond Week was inaugurated by the chief guest Mr. Andrei Zhiltsov, Honorable Consul General of the Russian Federation in Mumbai and the Guest of Honour Mr. Evgeny Agureev, Director-United Selling Organization (PJSC Alrosa) along with the President of Bharat Diamond Bourse (BDB) Mr. Anoop Mehta, Vice President Mr. Mehul Shah and other dignitaries at the
GJEPC Organized India's 1st Silver Jewellery BSM in Delhi
New Delhi: Gem & Jewellery Export Promotion Council, the apex industry body of the industry organized its 1st India Silver Jewellery Buyer Seller Meet (BSM) between 3rd – 5th October 2018, in New Delhi. Mr. Senthilnathan S. Deputy Secretary, Dept. of Commerce, Govt. of India inaugurated the proceedings of BSM. In the first edition itself, the BSM has witnessed very encouraging response
Tanya Rastogi Becomes ‘Women Entrepreneur of the Year"
Mumbai: Jewellery connoisseur Tanya Rastogi added another feather to her cap by becoming the Women Entrepreneur of the Year at the GJTCI Excellence Awards (6th edition), held at the YMCA International Centre, Ahmedabad, on October 2, 2018. Curator of Jewels of Awadh & Karnaphool, Tanya Rastogi has been reviving the art Indian Jewellery karigari once used profoundly in designing authentic kundan and
India May Increase Duty on Synthetics to 10%
New Delhi: The government may increase the import duty on man-made diamonds to 10 per cent in order to remove the price differential with natural diamonds which encourages some jewellers to “cheat the customers”, reports The Indian Express. Simultaneously, it could abolish the customs duty on cut and polished gem stones as these can be re-exported at higher value. The
Pre-Budget Recommendations by GJF
Mumbai: The All India Gems and Jewellery Trade Federation (GJF), the national trade federation for the promotion and growth of trade in Gems and Jewellery (G&J) sector across India, has urged Union Finance Minister Shri Arun Jaitley to abolish 80:20 rule for gold import, which allows only the nominated agencies to import gold on the condition that 20 per cent
"Be Sensitive To Festival Dates": WFDB
Antwerp: The World Federation of Diamond Bourses (WFDB) is calling on international trade fair organizers to “be sensitive to dates” when scheduling events so they don’t fall on religious festivals and thus prevent some industry members from taking part. “The fast expanding number of trade shows and exhibitions held across the world has often been scheduled in such a way
AGS Launches Virtual Guild
New York: The American Gem Society (AGS) has launched a virtual guild, which is open to all members of the trade. The first GoTo Guilds meeting will be a presentation by Peter Yantzer, executive director of AGS Laboratories, on “Light Performance 101,” an in-depth primer on the American Gem Society’s Light Performance Cut Grade on July 8. “Originally, the intention
