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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UN Expresses Satisfaction with Progress by KP

New York: The General Assembly of the United Nations (UN), welcoming progress made by the Kimberley Process Certification Scheme (KP) to break links between the diamond trade and conflict, today adopted a consensus resolution aimed at intensifying that work and aligning it with the 2030 Agenda for Sustainable Development. Julie Bishop, Minister for Foreign Affairs of Australia, introduced the draft

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CARAT+ Welcomes AWDC as Main Partner

Antwerp: CARAT+, The World’s Premier Diamond Event to be organized on 6, 7 & 8 May 2018 at Antwerp Expo in Antwerp, Belgium, has welcomed the Antwerp World Diamond Centre (AWDC) as its Main Partner for the 2018 edition. United by a shared commitment to Antwerp as the ‘Diamond Capital of the World’, AWDC will host a series of unique

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GIA India Holds Discussion on Synthetic Diamonds

Ahmedabad: GIA (Gemological Institute of America) India held a panel discussion on “Synthetic Diamonds: Challenges and Opportunities” at Hotel Hyatt Ahmedabad on Mar. 5, 2018. Ms. Nirupa Bhatt, Managing Director of GIA India and Middle East, moderated the discussion about encouraging disclosure and ensuring that diamonds are checked by a credible gemmological laboratory. The speakers at the discussion included Mr.

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Celebrate Spirit of Womanhood with Rare Platinum

Mumbai: This international Women’s day, celebrate “her” with Platinum. A woman is indispensable to every life she touches and every role she dons. Her indomitable spirit and grace has become the voice and inspiration for the new world. Today, she is reshaping all conventional moulds and defining them with her individuality and inner strength. This enduring spirit of her deserves

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India Raises Import Tariff Value of Gold, Silver

Mumbai: India has raised its import tariff value of gold and silver on Wednesday. Indian government has trimmed its import tariff value of gold from $421 per ten grams to $431 per 10 grams and silver from $644 per kilo gram to $ 646 per kilo gram, said the ministry of finance. Import tariff value is the base price on which

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Zimbabwe Diamond Output, Sales Dipped in 2013

Harare: Zimbabwe’s diamond output declined 26.1 percent to 8.9 million carats last year, according to Equity Communications, reports Rough&Polished. The Harare-based research company said in a statement emailed told Rough&Polished that Zimbabwe was the only “major” diamond producer, which experienced a “sharp” decline in production and sales last year. It said diamond production in the Southern African country took a knock

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JNA Awards 2014: Deadline for Entries Extended to 8th May

Hong Kong: JNA Awards, the annual industry-wide event that honors the innovators and leaders of the international jewellery industry, with a focus on their achievements and contribution in Asia, has now extended the deadline for accepting entries up to 8th May, 2014, an official press release issued by the organizer says. Individuals or companies may submit their entries or on behalf

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CIBJO Releases Colored Stone Special Report

Milan: With fewer than five weeks to go to the opening of the 2014 CIBJO Congress in Moscow on May 19, 2014, the fourth of the CIBJO commissions Special Reports has been released, as stated in a press brief. Prepared by the CIBJO Colored Stone Commission, headed by Nilam Alawdeen, the report focusses on the proper disclosure of gemstone treatments and

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