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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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De Beers Publishes Diamond Insight Report
Gaborone: New research published yesterday by De Beers Group in its latest Diamond Insight Report reveals that shifting relationship dynamics, women’s expanding roles in society and changing perceptions of femininity are creating new motivations for diamond jewellery acquisitions. Social and economic changes are leading to expanded symbolism for diamond jewellery, record levels of self-purchase and the establishment of new consumer
HRD Antwerp Launches the D-Scope+
Hong Kong: HRD Antwerp, Europe’s leading authority in diamond certification, has launched its new D-Scope+ at the Hong Kong Jewellery and Gem Fair, which runs from September 13 – 17 2017. “The D-Scope has been the indispensable analysis tool for all types of diamonds and gemstones since 2001. Our research and development team has worked very hard to further optimize
Jewellery Hub Coming up Near Kolkata
Kolkata: West Bengal Government in collaboration with Gems and Jewellery Export Promotion Council (GJEPC) is developing a jewellery hub in Bonhooghly near Kolkata and also build two common facility centres (CFC) in the state. For this a 6-acre plot has been allocated and the announcement was done on August 29 by the Bengal Commerce & Industry and Finance Minister, Dr.
IIDGR Expands Services in China
Beijing: The International Institute of Diamond Grading & Research (IIDGR), part of De Beers Group, has announced it is expanding its existing grading partnership with Soo Kee Group into China, following the launch of Soo Kee’s bridal specialist brand, Love & Co., in the country. IIDGR will provide bespoke grading reports for Love & Co.’s Lovemarque diamond collection, with each
India May not fully Withdraw Gold Curbs
New Delhi: Despite a significant reduction in the current account deficit, curbs on gold imports are unlikely to be fully removed this Budget. Instead, the finance ministry may lower the import duty on the precious metal by two per cent, reports The Indian Express. “The current account deficit situation is still being closely monitored. The curb on gold imports was
Gujarat Govt. Assures Help for Diamond Bourse
Surat: As the prices of realty in Vesu and Dumas areas have skyrocketed following the announcement of proposed diamond bourse, diamantaires spearheading the movement for a world-class diamond bourse in the city have started lobbying with the state government for land, reports The Times of India. Members of Surat Diamond Bourse (SDB) committee, which includes chairman of leading diamond companies
Antwerp Seizes Parcel of Banned CAR Diamonds
Antwerp: The Antwerp diamond industry, represented by the Antwerp World Diamond Centre (AWDC), is stepping up its efforts in combatting conflict diamonds. The city, largely owing its reputation as the most transparent and strictly controlled diamond trade centre to the rigorous controls of all diamond imports and exports at the Antwerp Diamond Office, is determined to continue its strong commitment
GJF to Get Council Status Soon
Mumbai: The All India Gems and Jewellery Trade Federation (GJF) expects to receive the status of council within the next two to three months, reports Business Standard. The federation said it would be easy to represent issues faced by gems and jewellery industry before government after receiving the status of the council. “We have already asked the concerned ministry in
