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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Top News

ALROSA Appoints Director for Vladivostok

Moscow: Alexey Ivanov is a new head of ALROSA branch in Vladivostok. He will be in charge of the branch business development, search for new clients and the Company’s expansion at the platform of the Eurasian Diamond Center (EDC). Alexey Ivanov has an extensive experience in the diamond business. In previous years, he was the head of Arcos Diamonds Israel

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DDE’s Biennial Conference Taking Place in October

Dubai: The Dubai Diamond Exchange (DDE) has announced the third edition of its biennial two-day Dubai Diamond Conference 2017, with the theme ‘Destination Next – Shaping the future of an interconnected marketplace’. Ahmed Bin Sulayem, Executive Chairman, DMCC (Dubai Multi Commodities Centre), said, “Dubai has evolved rapidly as one of the world’s leading trading centers for rough diamonds and we

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2nd Platinum BSM Begins from 5th July in Chennai

Mumbai: After the success of the first edition of the ‘Platinum Buyer-Seller Meet’ (BSM), Platinum Guild International (PGI) is back with its second edition. The 2nd edition of the Platinum Buyer seller meet will be held in Chennai from 5th to 7th July 2017 exclusively for the manufactures & retailers of Platinum Jewellery in India. The agenda of the meet

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KP Chair Held Meeting with GJEPC

Mumbai: The Chair of the Kimberley Process (KP), Mr. Robert Owen-Jones, Assistant Secretary, Australian Competitiveness Branch Department of Foreign Affairs and Trade visited India last week to acquaint himself with the workings of the Indian diamond industry and the system for implementing the KP Certification Scheme. In Mumbai, Mr Owens met a delegation of India’s Gem & Jewellery Export Promotion

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RJC to Hold Session at IIJS Educational Program

Mumbai: The Responsible Jewellery Council (RJC) will be taking part in the educational program of the July 17-21 India International Jewellery Show (IIJS). The program, organized by the Gem & Jewellery Export Promotion Council (GJEPC), and sponsored by Gemological Science International (GSI), will host a series of industry experts during the four day educational series entitled Spectrum Seminar – Innovate

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Myanmar Sells $3bn in Gems

Naypyidaw: Myanmar’s annual gem emporium took in more than $3 billion this year, the most ever for the country’s annual sale of gems and jade, organizers said Tuesday. Income reached $3.4 billion and saw the successful auction of 6,007 of 7,454 jade lots, 126 out of 436 gem lots and 224 of the total 342 pearl lots, they said. “This

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Forevermark Hosted Forum 2014

Jaipur: Forevermark, the diamond brand from De Beers group hosted the 3rd Annual Forevermark Forum in The Pink City to celebrate the brand for the year 2014. The three day interactive forum held from 02nd till 04th June 2014 in the city of Jaipur for its key associates & stakeholders was a massive success and was attended by India’s leading

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JCK Show to Remain a Four-Day Format

Las Vegas: JCK Las Vegas will continue as a four-day show, according to an announcement sent out to exhibitors. “While some customers had expressed a desire for JCK to extend to five days, the research simply did not indicate enough interest to justify a fifth day and the costs associated with an extra day,” said a note sent out to

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