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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QDE Extends Bourse Network into Europe 

Vicenza: The Qatar Diamond Exchange (QDE) has signed a Memorandum of Understanding (MoU) with Borsa Diamanti d’Italia (Diamond Bourse of Italy), establishing a strategic partnership between the two bourses. The agreement was signed during the CIBJO Centenary Congress, held in Vicenza, Italy, from 4 to 7 September 2026, by Ghanim Nasser Al-Saadi, Director of the Qatar Diamond Exchange, and Luigi

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Platinum Jewelry Takes Center Stage at the Emmy Awards

Mumbai: The 78th Emmy Awards delivered a dazzling showcase of fine jewelry, with platinum featured in many of the evening’s most memorable red carpet looks. Prized for its rarity, enduring strength and naturally luminous white color, platinum provided the ultimate setting for extraordinary diamonds and rare gemstones worn by some of television’s biggest stars. From striking diamond earrings to contemporary

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De Beers Group Science & Technology Showcases SynthDetect 2

London: De Beers Group’s Science & Technology division today revealed SynthDetect 2, the next generation desktop diamond screening instrument. The first SynthDetect instrument and its successor SynthDetect XL – released in 2017 and 2018 respectively – have been among the most successful instruments in De Beers Group’s suite of diamond verification instruments due to their outstanding technical screening functionality and

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Amit Shah Graces 52nd India Gems & Jewellery Awards

Industry’s premier awards bring together national and state leadership, recognising excellence and India’s growing global ambitions Mumbai: In a landmark gathering that brought together the country’s political leadership and the leadership of India’s gem and jewellery industry, the Gem & Jewellery Export Promotion Council (GJEPC) hosted the prestigious 52nd India Gems & Jewellery Awards (IGJA), with Shri Amit Shah, Hon’ble

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NDC to be Truely Consumer Centric: David Kellie

The Diamond Producers Association (DPA) has been recently re launched as the Natural Diamond Council (NDC). The NDC will continue the DPA’s mandate to promote the desirability of natural diamonds and support the integrity of the diamond jewelry industry. CEO of the NDC Mr. David Kellie here talks to gems2jewellery.com about its plans and future strategy. Responding to a question,

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Indian Customs Implements Paperless Exports

New Delhi: The procedure for exports from India has been transformed into an end to end paperless process with the introduction of a Secure QR coded Shipping Bill that will be dispatched electronically to exporters, the Ministry of Finance, Government of India announced in a statement released yesterday. It said that from June 22, 2020, the end to end Customs

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India’s G&J Exports Fell by 83% in April-May 2020

Mumbai: India’s gross exports of gems and jewellery (G&J) during the months of April and May 2020 dipped significantly to US$ 572.18 million, down 83.68% as compared to the same months a year earlier, according to provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC). The slump, as a result of the total closure of all manufacturing

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Sodiam Records Net Profit of $27,1 mln in 2019

Luanda: Sodiam, the National Diamond Trading Company of Angola recorded a net profit of US$27,1 million in 2019, despite the worldwide decline registered in the diamond market.Sodiam underlines that last year the company saw its operating costs drop by 17%, maintaining the trend started in 2018, while its tax contribution increased by around 21%. The company’s management considers that the

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