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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Surat-Dubai Flight Starts from 15th May

Surat’s diamond industry is all set to glitter with the direct business links with the world’s second largest diamond centre in Dubai following the proposed launch of international connectivity by the Air India (AI) starting from May 15. For diamond traders and jewellery makers over the world, Dubai remains an important trade centre for pearls. But, of late, a growing

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Dubai Diamond Trade Sharply Jumped in 2016

Dubai: The Dubai Diamond Exchange (DDE) gained 268 new members in 2016, facilitating a sharp rise in diamond-trading activity there. A total of 945 companies now operate in the bourse, out of the 13,500 members that the Dubai Multi Commodities Centre (DMCC) hosts in its tax-free zone, according to the DMCC’s recent annual report. The DMCC, which includes commodities such

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Second DDES in Surat Concluded Successfully

Massive awareness campaign in 21 cities across India Surat’s diamond associations pledge to preserve its reputation GJEPC Chairman offers 50% discount to all Associations in & around Surat which want to install synthetic diamond detection machines Surat:  Gem & Jewellery Export Promotion Council (GJEPC), the apex body of India’s  gem & jewellery industry, organized the second edition of ‘Diamond Detection

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Synthetics only 3% of Total Natural Diamond Supply

Surat: A summary of the findings of the study on the synthetic diamond landscape carried out by Bonas & Co for the GJEPC’s Natural Diamond Monitoring Committee (NDMC) and released at the DDES 2017 estimates the current peak installed capacity of synthetic diamond manufacturers worldwide to be between 2.3 mn to 4.2 mn, or about 2-3% of total natural diamond

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Zen Diamond Opens 2 New Stores in Bengaluru

Bengaluru: Zen Diamond, a fine jewellery brand with a presence in over 450+ stores worldwide, is strengthening its footprint in India with the launch of two new stores in Bengaluru. Following its successful debut in Mumbai with stores in Bandra and Borivali, Zen Diamond now expands its presence to South India with openings at Phoenix Mall of Asia and Phoenix

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A New Book on ‘Theft of Koh-i-Noor’ by Britain

Mumbai: A new children’s picture book relating the story of the Koh-i-Noor as one of theft and colonial conquest, has just been published in India. Supriya Kelkar, a US-based author and illustrator of Indian origin, tells how the world’s most famous diamond was “stolen” by the British East India Company after the defeat of the Sikh Empire in 1849 and presented to Britain’s

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National Jewellery Awards 2025 Presented

Mumbai: The All India Gem & Jewellery Domestic Council (GJC) proudly hosted the 14th edition of the World Gold Council (WGC) Presents National Jewellery Awards (NJA’25), powered by IDT Gemological Laboratories Worldwide, at Jasmine Hall, Jio World Convention Centre, Mumbai, in conjunction with the India Gem & Jewellery Show (GJS). The evening was a dazzling celebration of India’s finest jewellery

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Rio Tinto Launches its Final Beyond Rare Tender

Mumbai: Rio Tinto has launched its final Beyond Rare TM Tender, the third in its annual Art Series, featuring 52 lots of extraordinarily rare masterpieces of nature, from its Canadian and Australian diamond mines. Titled Into the Light, this unique event marks a special chapter in world diamond history. With Rio Tinto’s Australian Argyle Diamond Mine ceasing operations in November

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