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

Read More »

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

Read More »

Top News

ALROSA Recovered 27.85 ct. Pink Diamond

Moscow: “Almazy Anabara”, a subsidiary of ALROSA, recovered a large pink rough diamond weighing 27.85 carats. This is a unique discovery by far the largest company’s pink rough diamond had a weight of about 4 carats. If the company decides to cut this stone, it could become the most expensive polished diamond in the history of ALROSA. The rough diamond

Read More »

Exploring the Beauty in Diamonds at HKE

Mumbai: Forevermark, the diamond brand from The De Beers Group of Companies recently arranged a factory visit of Hari Krishna Exports (HKE) based in Surat. HKE has sailed through last two-and-a-half decades, and its growth reflects that of India’s diamond trade as a whole. The manufacturer and polished-diamond supplier, which celebrates its 25th anniversary this year, has gone from having

Read More »

‘Hari Krishna Sarovar’ Inaugurated

Amreli (Gujarat, India): On the occasion of his Birthday, India’s Prime Minster Mr. Narendra Modi inaugurated “Hari Krishna Sarovar” (Lake) through Video Conference from Amreli in Gujarat. The Lake which has been constructed is a brainchild of Mr. Savji Dholakia, reputed diamond merchant who hails from small time village named Dudhala from this region. Mr. Savji Dholakia got inspiration to

Read More »

De Beers' Initiatives to Empower Women

Gaborone: De Beers Group today announced a three-year partnership with UN Women to accelerate the advancement of women across its organisation, in its diamond producing countries and in its marketing. As a UN Women partner, De Beers has committed to achieving parity in the appointment of women and men into senior leadership roles, investing in women micro-entrepreneurs and STEM students

Read More »

JGW Hong Kong Begins from 14th September

HONG KONG: Next month, the global jewellery industry has only one destination: Hong Kong. Organised by Informa Markets, JGW September (Jewellery & Gem World September) brings together 3,000+ exhibitors from 40+ countries and regions, all showcasing the collections that will define retail displays worldwide. This is the trade’s ultimate B2B sourcing destination: Six specialised buying experiences where attendees move beyond

Read More »

GSI Issues India’s First Pigeon Blood Reports

Jaipur: Gemological Science International (GSI), one of the world’s largest gemological organizations, has begun issuing colored stone reports carrying recognized color trade names — Pigeon Blood for ruby, Royal Blue and Padparadscha for sapphire — in Jaipur and Mumbai. It is the first time such reports have been issued in India. The designations are granted only to untreated stones. Heated, diffused or otherwise enhanced material is

Read More »

Sky Gold Enters MSCI India Domestic Small Cap Index

Mumbai: Sky Gold & Diamonds Ltd, one of India’s fast-growing jewellery manufacturers, has been added to the MSCI India Domestic Small Cap Index, as part of the latest index review announced by MSCI. The inclusion marks an important milestone for Sky Gold, reflecting the company’s growing presence and relevance within India’s listed small-cap universe. A key development during the current quarter

Read More »

CIBJO Pays Tribute to Vasant Mehta

Milan: The World Jewellery Confederation (CIBJO) mourns the passing of Vasant Mehta, a prominent leader of the Indian diamond and jewellery industry, who passed away yesterday at the age 81. A former chairman of the Gem & Jewellery Export Promotion Council (GJEPC), a position he filled from 2008 to 2010 after two terms as vice chairman, he represented the Indian

Read More »

Latest Videos