Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded

Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and

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Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded

Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and

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Top News

Botswana Says No to Open Details of Deal

Gaborone: Botswana has defended its silence on “mega” diamond mining deals saying that “no country signs transparent agreements”. Reuters recently quoted World Bank Group consultant Nils Handler as saying that government’s decision to keep the negotiation process around contracts for diamond mining and large integrated projects confidential was a cause for concern. He said a more open process, including published

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De Beers Announces Polished Auctions

Gaborone: De Beers Group today announced its Auction Sales business will pilot the sale of its own polished diamonds using auctions for the first time. The sale will comprise a wide range of polished stones manufactured directly from its rough diamonds. The polished diamonds are available following contract manufacturing of De Beers Auction Sales rough diamond products to assess what

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World Diamond Mark to Hold JCK Talks

Hong Kong: The World Diamond Mark Foundation (WDM) will hold a Keynote Talk in Las Vegas, at JCK LUXURY, on June 4th at Tradewinds C/D, Pool Level of Mandalay Bay, to launch Part of You™, its global diamond retailer promotion campaign and its brand-new B2C website www.passion.diamonds. The event is a must-attend talk for retail jewellers who wish to understand

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GJF’s PMI – Regional Networking Meet in Delhi

New Delhi: All India Gem and Jewellery Trade Federation (GJF) organises the 6th show of the 3rd edition of the PREFERRED MANUFACTURER OF INDIA (PMI) Regional Networking Meet at a glittering ceremony from 17th May to 19th May, 2017 at The Leela Ambience & Convention Hotel, 1 CBD, Maharaja Surajmal Road, Near Yamuna Sports Complex, Delhi 110 032. This is

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India’s G&J Industry Welcomes GST Reforms

Mumbai: The Indian Gem & Jewellery industry (G&J) expressed its sincere gratitude to India’s Finance Minister Mrs. Nirmala Sitharaman for the landmark GST reform recommendations approved at the 57th GST Council meeting. These progressive recommendations are a significant step towards enhancing ease of doing business, strengthening export competitiveness and creating a more enabling environment for the growth of India’s Gem

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Momentum is Building for Basilia Jewellery & Watch Fair

Basel: Three months after its launch, it is clear that Basilia Jewellery & Watch Fair, organised by Informa Markets and MCH Group, meets a strong need with its gateway trade fair for the jewellery, watch and gemstone industries in Asia and Europe. Strong market demand has already brought exhibitor registrations to 70% of the target for the inaugural edition, which

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Men of Platinum Expands Collection with New Designs 

Mumbai: Platinum Guild International (PGI) India has unveiled a new Men of Platinum collection featuring chains, pendants, bracelets and rings designed for men at different stages of their journey. Endorsed by Rohit Sharma and Anirudh Ravichander in the brand’s new campaign, the collection brings to life a central belief: enduring success is forged through character—the conviction to forge your own

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De Beers and Botswana Extend Partnership with Letsile Tebogo

London: De Beers Group and the Government of the Republic of Botswana today announced the extension of De Beers’ partnership with Olympic champion and Botswana sporting icon Letsile Tebogo. Originally launched in January 2025, when Tebogo was appointed a De Beers Global Ambassador, the partnership has now been expanded into a three-year programme of work between De Beers and the

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