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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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JA Unveils CASE Award Winners
New York: Jewelers of America (JA), the national trade association for businesses serving the fine jewelry marketplace, has announced the winners of its 27th annual CASE Awards jewelry design competition. The CASE Awards, JA’s national design competition for jewelry retailers, recognizes JA Retail Members who exhibit creativity, artistry, style and excellence in jewelry design. The winning entries are on display
Christie’s to Auction Famed Jonker Diamond
Hong Kong: Christie’s unveiled the top lots that will go under the hammer at its Magnificent Jewels auction in Hong Kong this May, including Harry Winston’s famous Jonker V diamond. The rectangular-cut, 25.27-carat, D-color, VVS2-clarity diamond is expected to sell for $2.2 million to $3.6 million, or up to $142,461 per carat, the company said in a recent statement. The
Rolls-Royce Car Painted with 1000 Diamonds
Geneva: Geneva International Motor, which was held last week, saw plenty of luxury cars, but one may well outshine all others, literally: Rolls-Royce has unveiled a version of its Ghost luxury car painted with diamonds. According to the car company, the “Diamond Stardust” car is the “first luxury motor car to be finished in a paint created from diamonds”. The
Frauds in Indian Banks
New Delhi: ICICI Bank topped the list of banks that witnessed most number of frauds during April-December period of 2016 with state-owned SBI in the second spot, according to Reserve Bank of India data. Over 455 fraud cases involving Rs 1 lakh and above were detected in ICICI Bank during the first nine months of the current fiscal, followed by
India Should Focus on Incremental Changes in KP
Mumbai (By Suresh Chotai): More than two decades after the Kimberley Process (KP) was born, the diamond industry still faces an uncomfortable truth: the global system designed to keep “Conflict diamonds” out of the market is stuck in the past. The Kimberley Process defines conflict diamonds narrowly—stones used by rebel movements to finance wars against legitimate governments. That definition made
EU Eliminates Duty on Indian G&J Imports
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has welcomed the elimination of import duties on Indian gem and jewellery products under the India-EU Free Trade Agreement (FTA). This removes 2-4% duties on precious jewellery, unleashing huge export potential with the 27-member EU bloc—home to the world’s elite buyers. India’s gem and jewellery (G&J) exports accounted for USD 30
Paola De Luca Holds Masterclass on Artisan Awards 2026 Theme ‘Quantum Couture’
Mumbai: Paola De Luca, a globally recognised jewellery trend forecaster and Founder of The Futurist LLC, led an online masterclass on 23 January that drew over 200 participants, helping designers interpret Quantum Couture, the theme for The Artisan Jewellery Design Awards 2026. Curated as a preparatory session ahead of submissions, the masterclass explained how the theme, Quantum Couture – Re-Engineering Beauty and Cultural Codes,
Ranbir Kapoor Joins PNG Jewellers as New Ambassador
Mumbai: PNG Jewellers, one of India’s most revered jewellery houses with a legacy dating back to 1832, announces Bollywood icon Ranbir Kapoor as its new brand ambassador. With his effortless blend of heritage, credibility and contemporary appeal, Ranbir Kapoor marks an exciting new chapter in PNG Jewellers’ journey as the brand strengthens its national presence. Founded in Maharashtra and now
