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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CIBJO Releases Precious Metals Sp. Report

Milan: With fewer than eight weeks to go to the opening of the 2017 CIBJO Congress in Bangkok, Thailand, on November 5, 2017, the second of the CIBJO commissions’ Special Reports has been released. Prepared by CIBJO President Gaetano Cavalieri and Karina Ratzlaff, Vice President of the organisation’s Precious Metals Commission, the report focuses on the background and global impact

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Think Pure Awards by PNG Jewellers

Pune​: In fond reminiscence of Late Shri Dajikaka Gadgil’s 103rd Birth Anniversary, PNG Jewellers successfully concluded the fourth edition of Think Pure Awards on Monday, 11th September, 2017. The awards night held at Balgandharva Rangamandir, Pune celebrated the epitome of performing arts and culture. The event was graced by many prominent personalities like Pune Mayor Sau. Mukta Tilak, Mr. Girish

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MIJEX Being Organized from 24th Oct 2017

Muscat: Oman International Exhibition Centre is proud to announce the 8th Muscat International Jewellery Exhibition 2017 (MIJEX) to take place on October 24-28, 2017 at Oman Convention and Exhibition Centre, Muscat, Oman. MIJEX has been organized and well received among traders and buyers for seven consecutive years as the exhibition features a wide range of masterpiece jewellery from various leading

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India Harmonizes GST for Rough Diamonds

Mumbai: The GST Council in its 21st meeting held on 9th September 2017 has recommended changes in the rate structure of various items including products falling under Chapter 71. As per the GST rates announced for rough diamonds the industrial and unsorted rough diamonds has been classified under 3% rate of GST and non-industrial rough diamonds were classified under 0.25%

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Fresh Diamond Looting Spree in Marange

Harare: Observers have reported a fresh diamond looting spree, with security and army chiefs said to be working hand in glove with senior mining companies’ staff in the scam. Reports said the swindle is being spurred on by panic among mining staff members who are not sure of their fate following a government announcement that it will streamline diamond mining

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GJEPC Launches New Business Development and Marketing Campaign

Las Vegas, 31st May: The Gem & Jewellery Export Promotion Council (GJEPC) of India announced a major, new, multi-level business development campaign at a news conference focused on the U.S., Canadian and South American markets. The purpose of the campaign is to re-invigorate, strengthen and expand GJEPC’s business development efforts and build trusted relationships between India’s key jewelry industry companies

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Overseas Traders Invited to Buy Offices in SDB

Surat, 30th May: After Mumbai, now Surat diamantaires are inviting diamond traders from abroad to set up offices at the proposed Surat Diamond Bourse (SDB) here. Road Shows are being organized at Antwerp, Dubai, Hong Kong, China, UAE and Europe, to impress upon diamond traders to buy office space at the proposed diamond bourse, according to a report in The

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Demand for Indian Gold Jewellery to Rise

Mumbai: India’s gems and jewellery exporters are set to shine brighter than domestic retailers. Positive signs from export destinations such as higher disposable income and consumer spending as well as improvements in consumer confidence is set to support export volumes of gems and jewellery, maintain analysts. An economic recovery is also set to benefit exporters, reports Mineweb.com. Indian exporters are

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