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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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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Merlin Finds Two Pink Diamonds in Australia

Perth: Merlin Diamonds recovered two pink diamonds at its mine in Australia’s Northern Territory, the company said Monday. While extremely small at 0.039 carats and 0.025 carats, the rough stones indicate the possibility of finding further pink diamonds at the Merlin mine, according to a statement by the company. The miner discovered a 0.70-carat pink diamond earlier this year —

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Win A Diamond Contest by HRD Antwerp

Antwerp: HRD Antwerp has organized from Monday July 3 to Sunday July 9, a Summer Contest on its Social Media platforms to discover what a diamond symbolizes for online community. “To participate, post an original photo or video about what a diamond symbolizes for you on your public Instagram account, and make us dream away with you,” says a press

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Hardest Synthetic Diamond Ever Made Unveiled

Beijing: Chinese researchers from Yanshan University have created a synthetic diamond harder than its natural counterpart and able to withstand even hotter temperatures, according to a report published in mining.com The team, led by Yongjun Tian, says the new form of diamond could be used to make superior cutting or crushing tools, capable of operate under very extreme conditions. The

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'Presidents Forum' Formed

Antwerp: The heads of the jewellery and diamond industry’s four leading international representative bodies have agreed on Tuesday to establish “The Presidents Forum,” which is a joint consultative committee with its members being the presidents of each organization. Together they will discuss and formulate coordinated strategies and policies for the industry on important issues of common interest. Hosted by Dr.

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First Texas-Israel Diamond Show in September

Ramat Gan: This fall strategic cooperation between the Texas Jewelers Association (TJA) and the Israel Diamond Institute (IDI) will produce the first Texas-Israel Diamond Show in San Antonio from September 29 – 30, 2014. This is the first time that jewelers in Texas and surrounding states will be offered the opportunity to buy diamonds directly from the source. The unique

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India Hikes Import Tariff Value on Gold, Silver

New Delhi: The Indian government yesterday hiked import tariff value on gold and silver to USD 411 per 10 grams and USD 632 per kg as global prices have increased in the wake of escalating violence in Iraq. In the first fortnight of this month, tariff value on imported gold stood at USD 408 per 10 grams and silver at

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