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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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WDM Launches Its Website in Chinese
Hong Kong: The World Diamond Mark Foundation (WDM) has launched a full-fledged mirror site in Chinese. The site, accessible from the WDM home page, is the result of close cooperation with the Shanghai Diamond Exchange (SDE), and was translated and adapted with the direct involvement, encouragement and cooperation of SDE President Lin (Frank) Qiang and SDE Vice President Caroline Yuan.
GST Locks Rs. 8000 cr. of India's G&J Ind.
Kolkata: India’s Gem and Jewellery Export Promotion Council (GJEPC) yesterday said the Goods and Services Tax (GST) has led to locking of some Rs 8000 crore for the exporters. “GST on exporters has led to Rs. 4,000 crore getting stuck for diamond jewellery exporters and the same amount for gold jewellery exporters as working capital. From where will this amount
Diamonds Alrosa to Hold Polished Auctions
Moscow: DIAMONDS ALROSA will auction its own polished diamonds during the Hong Kong Jewellery & Gem Fair in September. The first auction will take place on September 13-17, introducing large colorless diamonds, as well as certified fancy colored diamonds, including yellow, green, orange and purple colors. The second auction will be held on September 19-22. Diamonds of small and medium
India Starts World's 1st Diamond Futures Ex.
Mumbai: The Indian Commodity Exchange Limited (ICEX), which is backed by companies including Reliance Capital and MMTC, will start trading in 1 carat/100 cent contracts, to later add 50 cent and 30 cent contracts, according to a statement issued by ICEX. About 90% of the global rough diamond supply is cut and polished in India, with the sector employing around
Russia to Levy 8% Duty on Rough from Sep.
Moscow: The Russian government has announced that it will impose an 8% export duty on rough diamonds weighing between 0.45 carats and 10.8 carats, as well as on special-size diamonds exceeding 10.8 carats, effective September 1, 2026. The new duty will apply to rough diamonds in weight categories that are considered economically viable for domestic cutting and polishing. Russia had
GJEPC Urges Simpler Path to Gold Monetization
Mumbai: India’s gold monetization efforts must focus on simplicity, trust and convenience if the country is to unlock the vast stock of idle household gold, said Khushboo Ranawat, Regional Chairperson – West, and Member – National Exhibitions, GJEPC, during a panel discussion at the ‘India’s Gold Revolution: Monetization, Tokenization & Financial Transformation’ seminar organized by the Bombay Chamber of Commerce &
GJEPC Hosts U.S. Senators, State Lawmakers for Industry Dialogue
Mumbai: Against the backdrop of deepening India-U.S. trade ties, GJEPC hosted a delegation of U.S. senators, state legislators and National Conference of State Legislatures (NCSL) officials at its Mumbai headquarters on 22nd June to provide an overview of India’s gem and jewellery industry and discuss key sectoral trends. The delegation comprised Wayne Harper, President Emeritus and President Pro Tempore, National Conference
Jewellery Crafts Design Competition at IIJS Bharat-Premiere 2026
Mumbai: IIJS Bharat – Premiere 2026 invites you to participate in the “Jewellery Crafts Design Competition”, presented under this year’s Brilliant Bharat – “Music of India” theme. For the 42nd edition of IIJS Bharat – Premiere, exhibitors are encouraged to create jewellery inspired by India’s rich and diverse musical heritage. From classical ragas, folk traditions, devotional music, and regional instruments
