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Israel’s Diamond Industry Under Severe Pressure
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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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CIBJO Releases Precious Metals Special Report
Milan: With fewer than eight weeks to go to the opening of the 2018 CIBJO Congress in Bogotá, Colombia, on October 15, 2018, the second of the CIBJO commissions’ Special Reports has been released. Prepared by the CIBJO Precious Metals Commission, headed by Huw Daniel, the report examines the influence on the sector by outside forces, be they political, regulatory or
Rio Tinto Celebrates Opening of new Diamond Pipe
Perth: Rio Tinto today celebrated the opening of a fourth diamond pipe, known as A21, at the remote subarctic Diavik Diamond Mine in the Northwest Territories of Canada. The new open pit pipe will provide an important source of incremental supply over the next four years to sustain production levels at the Rio Tinto operated mine. The Honourable Wally Schumann,
TBZ-The Original Launches its First Store in Noida
Mumbai: Tribhovandas Bhimji Zaveri (TBZ-The Original) the 154 year-old brand has made entry into the City Noida. The new fashion destination is located at ‘G’ Block, Next to HDFC Bank Sector 18. The first store in Noida is also the 38th TBZ-The Original store across 27 cities in India. Ms. Raashi Zaveri, Director, Tribhovandas Bhimji Zaveri Ltd., said, “Launching TBZ-The Original store
Forevermark’s Initiative to Save Rhino Population
London: Forevermark is supporting the Tusk Rhino Trail, a central London wide art installation run by UK registered charity, Tusk, that aims to raise awareness of the critical threat facing the black and white rhino population in sub-Saharan Africa. To celebrate this magnificent animal and raise vital funds to ensure the continued conservation of rhinos and their fellow African species, the
DGCX to Launch Spot Gold Contract
Dubai: Dubai Gold and Commodities Exchange (DGCX), a financial and commodity derivatives exchange is getting ready to launch a spot gold contract and a number of commodities, equity and currency derivative contracts between now and the end of the year, said Gary Anderson, CEO of DGCX in an interview with Gulf News. The exchange primarily focused on derivatives is all
GJEPC’s Banking Seminar on Saturday
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has organized Diamond, Gem & Jewellery Banking Summit-2014 on Saturday, 28th June 2014 in Mumbai. The who’s who of Banking, Gem & Jewellery Trade and Ministry of Finance officials will be present on one platform to discuss the issues like- Aspects and Present Issues on Financing for the Gem & Jewellery
IDMA Tackles Thorny Issues at 36th WDC
Antwerp: With the close of the 36th World Diamond Congress in Antwerp, Belgium, members of the International Diamond Manufacturers Association (IDMA) concluded their deliberations, after raising and discussing a long list of topics that weigh heavily on the minds of diamond manufacturers worldwide. IDMA President Maxim Shkadov emphasized at the concluding press conference on June 19 that his organization was
IMF Urges Zimbabwe to Boost Transparency
Harare: The International Monetary Fund (IMF) stated that Zimbabwe remains committed to implementing the policies and reforms that were agreed to with an IMF-monitored program and to stay engaged with international financial institutions. The program marked its first anniversary this month and while the IMF suggested a number of guidelines to stabilize Zimbabwe’s economy, the organization also concluded that the
