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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Top News

Gem Diamonds Profit Halves in 2016

London: Gem Diamonds Limited posted a sharp drop in revenue and a halving on the year in profit in its financial results for calendar year 2016. Revenue dropped to $189.8 million from $249.5 million in 2015, while profit was $32.3 million from $67.4 million. Consequently, its directors have “resolved not to propose the payment of a dividend in respect of

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Forevermark Forum Stresses Importance of Consumer

New York: The sixth annual Forevermark Forum took place last week, with 450 Forevermark retail jeweler, manufacturer and diamantaire partners. The ‘Forevermark Forward’ conference theme focused on leading with Forevermark to gain a competitive advantage and improve overall diamond business. “Through innovation, integrity and superior quality, Forevermark offers a more engaging customer experience than any other diamond brand,” said Charles

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Namibia Earns $305m from De Beers

Windhoek: The Namibian Government is said to have earned R4 billion ($305 million) from De Beers last year in corporate tax, royalties and dividends. De Beers and the government of Namibia jointly own Namdeb Holdings, which has operations along the south-west coast of the country as well as land-based operations at Oranjemund and satellite mines near Lüderitz and along the

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AIGS Appoints Barbara Wheat as President

Bangkok: The Asian Institute of Gemological Sciences (AIGS) has announced that Barbara Wheat has been appointed president and will assume her role in mid-March. Barbara Wheat has a long history with AIGS and the Ho Group, founders of AIGS. Beginning in 1993, she served as managing director of the Ho Group’s publishing company, Jewelry Trade Publications. AIGS was established in

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IDPL Unites Natural Diamond Community

Hong Kong: The third edition of the International Diamond Premier League (IDPL), a cricket tournamentcreated by and for the global natural diamond community, will take place in Hong Kong from 19–22 March 2026. Following earlier editions in Belgium and India, IDPL 3.0 will bring together leading diamantaires and industry partners from Belgium, India, and Hong Kong for four days of

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De Beers Partners with Cricketer Abhishek Sharma

De Beers Group, the world’s leading diamond company has announced its association with Indian cricketer Abhishek Sharma to celebrate natural diamonds in India, bringing together two forces defined by character, authenticity and enduring excellence. Abhishek Sharma has emerged as one of the most exciting voices in Indian cricket, known for his fearless style of play and strong personal identity. His

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Risk of Deception while Buying Diamond Jewellery

Antwerp: During a public event today at Antwerpen-Centraal railway station, the diamond industry body Antwerp World Diamond Centre (AWDC) raised awareness among passers-by about the risk of deception by jewelers when purchasing diamond jewelry. A lack of consumer knowledge about the difference between natural and synthetic diamonds makes them vulnerable to malpractice. During the initiative, passers-by could have their diamond

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GJEPC Organized IJEX FAM Programme

Dubai: The five-day Familiarization (FAM) Program by GJEPC’s India Jewellery Exposition Centre (IJEX), Dubai, provided Indian jewellery exporters with comprehensive insights into the Middle East market, focusing on regional dynamics, consumer preferences, and retail environments across the UAE. The 6th batch of the IJEX FAM Programme, initiated and facilitated under GJEPC’s Export Mentorship Programme (EMP), delivered a structured five-day immersion

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