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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
Top News
GJEPC Pleased with De Beers’ Mktg Spend
Mumbai: Mr. Praveenshankar Pandya, Chairman, Gems and Jewellery Export Promotion Council (GJEPC), has welcomed the decision of the world’s leading diamond company, De Beers, to increase its current year marketing spend to USD 140 mn in key markets of the US, India and China. De Beers is also increasing its partnership marketing with GJEPC and the Diamond Producers Association (DPA).
12 % Drop in De Beers’ 7th Cycle Sales
Gaborone: De Beers’ rough-diamond sales declined in its August sight as the relatively early date of Diwali this year moved demand up to the previous sale. Proceeds from the miner’s seventh sales cycle fell 12% to $505 million from the revised July figure of $576 million, the company said Tuesday. Compared with the August sight a year ago, sales were
ALROSA Holds Two Auctions Within EEF
Moscow: ALROSA is holding two auctions for the sale of rough and polished diamonds within the Eastern Economic Forum (EEF), which will take place in Vladivostok from 6 to 7 September 2017. From August 24 to September 6, the United Selling Organization (USO) of ALROSA has been auctioning special size rough diamonds of 10.8+ ct. The company puts for sale
Alrosa Pres. Ivanov Appointed to DPA Board
Moscow: ALROSA President Sergey Ivanov has been appointed to the Board of the Diamond Producers Association (DPA). “I am delighted to join the DPA team and appreciate the efforts made by the Association to promote our business,” said Ivanov. “It is important to remember that a diamond is not only a beautiful object of consumption. The diamond industry creates millions
NDC Welcomes GJEPC Membership
Las Vegas: India’s Gem & Jewellery Export Promotion Council (GJEPC) has recently joined the Natural Diamond Council (NDC). The NDC announced membership of GJEPC, making it the first industry body to progress toward NDC membership under the Luanda Accord framework. The milestone follows GJEPC’s signing of the Luanda Accord in June 2025 and the Memorandum of Understanding during the second
Sky Gold & Diamonds Delivers Robust FY26 Performance
Mumbai: Sky Gold & Diamonds, a leading gold manufacturing company and a key partner to retail chains such as Tanishq, Kalyan Jewellers, and Malabar Gold & Diamonds, has declared its Q4 & FY26 Results. The company has reported a robust FY26 performance with consolidated revenue rising 77.4% YoY to ₹6,295 crore and PAT increasing 112.4% YoY to ₹282 crore, supported by strong execution, improving margins and operational
JewelStart Industry Innovation Challenge 2026 Launched
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), in collaboration with SINE, IIT Bombay, has launched the first edition of the JewelStart Industry Innovation Challenge 2026, a national platform aimed at bringing startup-led innovation into India’s gems and jewellery sector. The challenge invites startups, innovators and technology solution providers to address pressing industry needs across the jewellery value chain,
CIBJO Warns Against ‘Fraudulent Representatives’
Milan: The World Jewellery Confederation (CIBJO) is issuing an urgent warning about individuals claiming to represent CIBJO or bodies directly affiliated with CIBJO, offering products and/or financial instruments endorsed by CIBJO. The existence of such claims was brought to CIBJO’s attention yesterday, May 24, 2026, which are similar to other claims reported to us in January of this year, when
