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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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ALROSA Unearths 60.32 Carat Diamond
Moscow: ALROSA said on Friday it had extracted a large diamond weighing 60.32 carats, which is priced by experts at about $ 174 500. The diamond, which is a transparent octahedron-shaped stone with a yellowish hue, was extracted at the Gornoye alluvial diamond field with a dredge of Concentrating Plant No. 3 belonging to the company’s Mirny Mining Division. This
Forevermark Inscribes Two Millionth Diamond
London: De Beers Group today announced its Forevermark diamond brand has inscribed its two millionth diamond. The diamond is a 3.48 carat round brilliant and bears the unique inscription of ‘2,000,000’. The diamond was mined, cut and polished in Namibia and inscribed at the Forevermark Diamond Institute in Surat, India. It will be set in a piece of jewellery at
China Records Sustained Growth in Jewellery Sales
Beijing: Retail sales of gold, silver and jewellery in China were up 7.8 percent in the first four months of the year, indicating further signs of improvement in the market, according to data released by the National Bureau of Statistics of China. Sales rose to around $15 bn from January to April compared to the same period a year ago.
Rockwell Subsidiaries Survive Liquidation Bid
Johannesburg: Rockwell Diamonds said its three subsidiaries – Rockwell Resources, HC van Wyk Diamonds and Saxendrift Mine – were successfully placed under business rescue by a court in Kimberley, South Africa as opposed to liquidation. The immediate effect, it said, was that all legal proceedings against the subsidiaries were stayed, and the liquidation process was suspended. Rockwell said the orders
Maharashtra Announces Landmark G&J Policy
Mumbai: In a landmark move, the Government of Maharashtra yesterday announced the Maharashtra State Gem & Jewellery (G&J) Policy 2025, becoming the first state in India to introduce a dedicated policy for the gem and jewellery sector. The policy aims to attract investments worth ₹1 lakh crore and create over 5 lakh new jobs, marking a major step towards transforming
GJEPC Meet Addresses US Reciprocal Tariff Challenges
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) convened an exclusive trade meet in hybrid mode on 6th October at Bharat Diamond Bourse (BDB) to address the mounting challenges faced by India’s gems and jewellery industry due to US reciprocal tariffs and explore legal pathways to mitigate their impact. In his keynote address, Mr. Kirit Bhansali, Chairman, GJEPC, outlined
Vaani Kapoor Named Brand Ambassador for Lukson
Mumbai: Lukson, the next-generation fine jewellery brand from the JK Star Group has announced the appointment of celebrated actress Vaani Kapoor as its official Brand Ambassador. With this partnership, Lukson strengthens its vision of making sustainable, design-led, and affordable luxury jewellery a part of everyday life for modern India. Founded in 2024 by third-generation diamantaire Anand Lukhi and co-founder Vedant
Global Platinum Jewellery Market Rebounds
Mumbai: Platinum Guild International (PGI), a worldwide marketing organization dedicated to creating, expanding, and strengthening consumer and trade markets for platinum jewellery, has shared its findings from its Platinum Jewellery Business Review update for Q1 2025, highlighting strong growth across key global markets, led by a significant recovery in China. Platinum jewellery is seeing renewed global momentum, with China leading
