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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
Top News
Lucapa Finds Another Large Stone at Lulo
Luanda: Lucapa Diamond Company reports the recovery of yet another large, high-quality diamond from its Lulo diamond project in Angola. The mining company unearthed the 62-carat diamond from another new alluvial mining area at the project. The firm said that testing confirms that the 62-carat stone is a premium-quality Type IIa gem. The diamond is the second large diamond to
India's Gold Jewellery Exports Tumbled 24% in Jan
Mumbai: India’s gold jewellery exports dropped significantly by more than 24% year-on-year to $397.71 million (Rs. 2,707.58 Crore) in January 2017. Also, the country’s silver jewellery exports recorded marginal drop of nearly 4% to $ 253.60 million (Rs. 1,726.49 Crore). This is in accordance with the latest official monthly data released by the country’s Gem and Jewellery Export Promotion Council
Roberto Coin Brand to be Exhibited in CARAT+
Antwerp: Roberto Coin, one of the world’s most sought-after Italian jewellery brands, has confirmed that it will exhibit at the premiere edition of CARAT+ in Antwerp, May 7 to 9, 2017. With more than 600 new models of fine jewellery created every year, the Roberto Coin brand is today distributed via more than 1,000 points of sales in some 63
ALROSA Discovers 121ct Diamond
Moscow: Joint Stock Company “ALROSA” (PJSC), the largest in the world in terms of diamond production, announces the production of crystal weighing 121.88 carats tube “Jubilee” Aikhal GOK. Transparent yellowish crystal has dimensions 28h18h19,5 mm. Working tube “Jubilee” in an open way since 1989. The project depth of development -. 720 m, the depth of the quarry is currently more
Rio Tinto Concludes Its Final Beyond Rare Tender
Perth: Rio Tinto has brought its celebrated Beyond Rare Tender series to a close, presenting 52 lots of exceptional fancy colour diamonds sourced from its Australian and Canadian mines. Titled “Into The Light,” the event was the third and final edition in Rio Tinto’s annual Art Series. With the Argyle Diamond Mine having ceased operations in 2020 and the Diavik
GJEPC Submits Pre-Budget Proposals to Govt.
New Delhi: India’s Gem & Jewellery Export Promotion Council (GJEPC) submitted a set of pre-budget proposals to the Government of India in New Delhi on 7th November, aimed at improving ease of doing business and boosting exports. The Council proposals were put forth by Mr. Kirit Bhansali, Chairman, GJEPC; Mr. Anoop Mehta, Convener – Diamond Panel; Mr. K. Srinivasan, Convener
WHP Jewellers Receives IAGES Accreditation
Mumbai: In India’s highly dynamic gold sector, consumers are increasingly seeking retailers who follow a strict Code of Conduct that offers transparency, trust, and sustainability across the entire gold value chain. To establish a stringent framework across the industry, the Indian Association for Gold Excellence and Standards (IAGES), a Self-Regulatory Organisation (SRO) established by and for the Indian gold industry,
Senco Gold Clocks Record Sales of ₹1700+ cr. for October
Mumbai: Senco Gold & Diamonds has reported the highest ever retail sales for the month of October in its 85+ year old history! Senco clocked sales of over ₹1,700 crore for the month backed by robust festive buying for Diwali and Dhanteras, registering a 56% YoY growth over October last year. Gold value for the brand went up by 60%
