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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IDE Pres. Praises Sale of R2Net to Signet

Ramat Gan, Israel, August 25, 2017: Israel Diamond Exchange (IDE) President Yoram Dvash praised the impending sale of R2Net, owner of online jewellery retailer James Allen, to Signet Jewellers. R2Net has important ties to the Israeli Diamond Industry. Originally founded by Israeli diamond trader Oded Edelman as a trading network for diamonds, it has become under the brands James Allen

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India’s Jewellery Exports Down 32% in July

Mumbai: India’s exports of gold jewellery, both studded and plain, during the month of July 2017 dropped by nearly 32% to $ 411.37 mn from $ 602.04 mn during July 2016. Overall exports from the gem and jewellery sector during July 2017 stood at $ 2.42 bn, a drop of 23.61% over the $ 3.17 bn exported in the same

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Surat Jail Trains Inmates in Cutting Polishing

Surat: The Surat district Jail authorities in association with a diamond firm, have started teaching cutting and polishing of rough diamonds to the prisoners. A diamond firm had installed two emery wheels in the jail where at present eight prisoners are learning cutting and polishing of diamonds. The step has been taken by the Jail superintendent H R Chaudhary, with

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Forevermark Presents Trends for 2017

Mumbai: Forevermark, the diamond brand from The De Beers Group of Companies, launched the Autumn-Winter trend collections 2017– Geo-Deco and Declaration. Inspired by fascinating patterns in nature, Geo-Deco focuses on geometrical elements at its core ¬– bringing balance, proportion and symmetry to create a harmonious whole. Shimmering lines of flowing diamonds, like sunrays, from a Forevermark solitaire diamond, add textural

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GJC & SGL Sign MoU to Launch SGL Pavilion at GJS Diwali Edition 2026

Mumbai: The All India Gem & Jewellery Domestic Council (GJC) and SGL (Solitaire Gemmological Laboratories) have entered into a strategic Memorandum of Understanding (MoU) to launch the SGL Pavilion at the GJS Diwali Edition 2026, scheduled from 2nd to 4th October 2026 at the Jio World Convention Centre, Mumbai. The dedicated SGL Pavilion, comprising 40 booths, will bring together leading

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Botswana Unearths Massive 1,305 ct. Diamond

Gaborone: Africa’s leading diamond producer, Botswana, has reinforced its status as a global powerhouse in the gemstone industry after a massive 1,305.4-carat diamond was recovered from the country’s renowned Karowe mine, adding yet another extraordinary discovery to its record of producing some of the world’s largest and most valuable diamonds. The stone is categorized as white and is unbroken, the

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Forevermark Diamond Jewellery Opens First Store in Bengaluru

Bengaluru: Forevermark Diamond Jewellery from De Beers Group has strengthened its presence in South India with the launch of its first store in Bengaluru, marking a significant step in the brand’s retail expansion journey in India. Located at Phoenix Mall of Asia, one of Bengaluru’s premier luxury retail destinations, the new store strengthens Forevermark’s presence in one of the country’s

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India–UK Trade Agreement: CoOs Distributed

New Delhi: To commemorate the India–UK trade agreement coming into effect, Mr. Rajesh Agarwal, the Commerce Secretary and Ms. Lindy Cameron, High Commissioner of UK in India distributed Certificates of Origin (COOs) to some of our exporter members at Vanijya Bhawan. Mr. Sabyasachi Ray, Executive Director and Mr. Antarpal Singh, Regional Chairman, Northern Region received the certificates on their behalf

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