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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
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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Argyle Decline Weighs on Rio Tinto Output
Perth: Rio Tinto’s diamond production fell in the first quarter, as its Argyle mine in Australia yielded a reduced volume and lower grade of ore. Group output dropped 8% year on year to 4.152 million carats for the three month period, with Argyle’s production down 11% to 3.016 million carats, Rio Tinto reported Thursday. Argyle’s operations shifted underground in 2013,
Narendra Modi Inaugurates HK Hub
Surat: HK HUB, an Ultra-Modern Factory of Hari Krishna Exports Pvt. Ltd., a known and respectable name in the Indian Gem and Jewellery Industry, was inaugurated by Prime Minister of India, Mr. Narendra Modi last week at Surat. Also present at the occasion were Mr. Vijay Rupani- Chief Minister Of Gujarat, Mr. Nitin Patel-Deputy Chief Minister of Gujarat and Mrs.
Rockwell Provides Update on Three Units
Johannesburg: Rockwell Diamonds Inc. has provided an update to the interim liquidation order against three subsidiaries of the company issued by a judge in Kimberley, South Africa, on March 23. The interim orders, which have yet to be confirmed in a final hearing, include Rockwell Resources RSA (Pty) Ltd (Rockwell RSA), HC van Wyk Diamonds Ltd (HC van Wyk) and
Signet to Conduct Independent Review
New York: Signet Jewellers Limited announced that its new Board Committee, focused on Respect in the Workplace, has appointed former federal Judge Barbara S. Jones to conduct a thorough review of the company’s policies and practices regarding equal opportunity and workplace expectations. “Judge Barbara Jones’ integrity is impeccable. She and her team have had a distinguished career in matters relating
Diamonds for Development Fund Receives Initial Funding
Gaborone: The Government of the Republic of Botswana and De Beers Group yesterday announced that De Beers Group has transferred its initial contribution of BWP1 billion to the Diamond for Development Fund, marking a major milestone in the progress of the Fund and its mandate to support Botswana’s long-term economic diversification. The disbursement follows the establishment of the Fund’s governance
De Beers Reports Lower Q3 Output
London: De Beers reported an 11% year-on-year decrease in rough diamond production to 6.8-million carats for the quarter ended September 30, primarily driven by planned plant maintenance at Orapa, in Botswana, and a slowdown at Venetia, in South Africa, ahead of a planned two-year production pause. Operational Performance: De Beers notes that rough diamond production was 11% lower at 6.8
New FEMA Guidelines to Exporters Explained
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), in association with IndusInd Bank, organized a webinar on 16 October 2026 to explain the revised Foreign Exchange Management Act (FEMA) guidelines and their implications for the gem and jewellery trade. Prakash Kumar Rath, Head – Gems, Jewellery and Diamond Division, IndusInd Bank, addressed key changes under the revised framework, which
India & France Explore New Frontiers in Luxury Jewellery
Paris: India’s Gem & Jewellery Export Promotion Council (GJEPC) brought 17 curated Indian fine jewellery companies to Paris, with the India–EU trade agreement lending fresh momentum to business partnerships, creative exchange and brand-building across France’s luxury ecosystem. The pitch was partnership, not just supply. India is looking to deepen its place in the global luxury conversation—not simply as a leading
