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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IIGJ Presented Work by its Designers

Mumbai: Day Two at the India International Jewellery Week 2017 (IIJW) powered by GIA opened with the grand show by six fresh talented designers from the Indian Institute of Gems and Jewellery (IIGJ), Mumbai in association with Izaara by Waman Hari Pethe Jewellers. The IIGJ is a project of the Gem and Jewellery Export Promotion Council (GJEPC), sponsored by the

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CaratLane Presented Affordable Jewellery

Mumbai: When it comes to affordable everyday jewellery that has design, elegance and style, then the name CaratLane is on top of every woman’s list for ornaments. The CaratLane collection at India International Jewellery Week 2017 powered by GIA was a smorgasbord of items that will thrill women of all ages and professions. The brand is India’s largest Omni channel

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7th IIJW Gets Glittering Opening in Mumbai

Mumbai: It was a grand opening of the India International Jewellery Week 2017 powered by GIA when Nakshatra World unveiled a stunning collection of amazing jewellery to dazzle the packed hall at St Regis Hotel, Mumbai. The Gem and Jewellery Export Promotion Council (GJEPC), apex body of the gems & jewellery sector, presented the 7th edition of the India International

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Dubai Diamond Conference on 16-17 Oct.

  Dubai: International leaders of the diamond industry ranging from African ministers to traders, financiers and world-renowned jewellers will take part in the Dubai Diamond Conference, to be held next month. The Dubai Diamond Exchange (DDE), a Dubai Multi Commodities Centre (DMCC) platform  announced the keynote speakers and subjects to be discussed at the third edition of its biennial two-day

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CIBJO Gives Sustainability Frame for Pearl Sector

Milan: CIBJO President Gaetano Cavalieri has presented an outline for sustainability in the cultured pearl sector, emphasizing that a comprehensive approach must be taken that addresses economic, environmental and social responsibility. He was speaking at the Sustainable Pearls Forum, which took place in Hong Kong on June 21. The cultured pearl industry provides an opportunity to introduce concepts that often

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Gold Curb Relaxations on the Way…

New Delhi: The government of India has indicated that there is a need to ease norms for bullion imports to boost supplies and jewellery exports. “There is a need of rationalisation in (gold import) duty and (gold import) procedure….We have already made it clear that there is a need to look at the current gold import regime,” commerce secretary Rajeev

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RBI's Credit Limit Troubles Diamond Units

Surat: At least 350 small and medium diamond companies in the world’s biggest diamond cutting and polishing centre in Surat are facing severe financial problems with Indian banks strictly implementing the 90 days credit limit for overseas payment to rough diamond dealers in Antwerp and Dubai for the past four months, reports The Times of India. The Gem and Jewellery

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India Eyes Direct Diamond Tie-Ups with Russia

Mumbai: With the threat of US economic sanctions on Russia hanging like a Damocles sword, India’s gem and jewellery industry is gearing to establish direct contacts with Russia, to source rough diamonds, reports Business Line. Supply of roughs from Russia to Dubai and Belgium could be severely impacted if the US imposes economic sanctions on Russia, say exporters. Currently, the

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