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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
Top News
Kolkata Gets its First Forevermark Boutique
Kolkata: Forevermark, the diamond brand from the De Beers Group of Companies, opens its exclusive boutique in Kolkata for the first time ever. The Forevermark Boutique is only the second such store in the world. Housed at South City Mall in Kolkata, the boutique exclusively carries Forevermark which are the world’s most carefully selected diamonds in a wide variety of jewellery and loose assortment. Every Forevermark
CIBJO President Meets Pope Francis I in Vatican
Milan: CIBJO President Gaetano Cavalieri has had a private audience with Pope Francis I, the head of Catholic Church. It took place during a conference in Vatican City in Rome on Saturday, organised by the Centesimus Annus pro Pontifice Foundation on the theme, “New Policies and Lifestyles in the Digital Age.” During their discussion, Dr. Cavalieri stressed the responsibility of the business
ABN Amro Closing NY, Dubai Diamond Lending Offices
New York: ABN Amro is closing its diamond and jewelry lending offices in both New York and Dubai as it continues to cut back on financing to the trade as a whole, reports National Jewellery. Brigitte Seegers, a spokeswoman for the Amsterdam-based bank, said it made the announcement during its first quarter earnings call May 14 that it will “discontinue”
GIA India Classroom in Surat Moves to a New Location
Surat: GIA India is set to open a new classroom in Surat in early May. The new classroom will offer programmes in diamonds, coloured stones, pearls, jewellery design and merchandising, to help students, professionals and business owners acquire specialised skills to help them succeed in the gem and jewellery industry. Located at Piplod, Surat, the classroom will enhance the learning experience of
PGI (India) Strengthens its Consumer Visibility
Mumbai: Platinum Guild International (PGI) India has announced a focused hyperlocal activation programme ahead of the upcoming wedding season, aimed at strengthening consideration for platinum jewellery across key markets. The programme will run from mid-June to mid-July 2026. Designed to deliver high reach and frequency across premium catchments, the initiative aims to increase visibility for platinum jewellery closer to key
IIJS Bharat Premiere Strengthens GCC Outreach with Deira Gold Souq Campaign
Dubai: India’s Gem & Jewellery Export Promotion Council (GJEPC) stepped up its buyer outreach in Dubai, placing the famed Deira Gold Souq at the heart of its campaign to drive participation in IIJS Bharat Premiere, scheduled to be held from 5 to 10 August 2026 in Mumbai. With 76% of Dubai’s jewellery buyers concentrated in Deira Gold Souq, the district
Pritesh Patel to Headline Fireside Chat at WDC
Singapore: The 41st World Diamond Congress will feature an exclusive fireside chat with Pritesh Patel, the newly appointed President and CEO of the Gemological Institute of America (GIA), marking one of his first major public appearances in the role on the global stage. Patel steps into the position at a pivotal moment for GIA and the broader diamond trade. Moderated
Booths Allotted to the IIJS Premiere 2026 Exhibitors
Mumbai: In a single day, 34,000+ booths were successfully allotted to 1,800+ companies, turning booth allocation into a celebration of excitement, anticipation, and new beginnings. Exhibitors now know their place on the grand stage and are eagerly counting down to the biggest B2B jewellery gathering of the year. Excitement filled the air as exhibitors found out their booth locations and
