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

Presidents’ Meet Discusses Alternative Financing

Mumbai: The 2017 Presidents Meeting taking place in Mumbai this week heard at a special Finance Seminar on Monday about the financing challenges facing the global trade and possible solutions, including alternative forms of credit. Addressing the seminar, WFDB President Mr. Ernie Blom said the meeting aimed to lay out the reasons that the diamond trade finds it increasingly difficult

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GJSCI Launches Design Revive Contest

Kolhapur: With an aim to uplift the artisans of age-old jewellery technique, the Gems & Jewellery Skill Council of India (GJSCI) brings students of preliminary round of Revive Design contest to the silver town – Hupari. This initiative has been taken as a step to enable the young talent to blend with the custodians of 200 year old technique of

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The Imperial Crown of Russia at IDWI

Ramat Gan: A replica of the Great Imperial Crown of the Russian Empire, which was used in the coronations of all Russian monarchs since Catherine the Great, will be exhibited from February 13 – 14, 2017 at the sixth International Diamond Week in Israel (IDWI). The replica of the Crown was created by Kristall – Smolensk, Russia’s leading diamond manufacturer

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Gemfields Production of Emerald Plummets

London: Gemfields PLC on Monday said first half production of emerald and beryl declined heavily from the previous year whilst output of rubies and corundum saw a significant step-up. The company said production from the 75%-owned Kagem mine in Zambia in the first half to the end of 2016 dropped to just 10.7 million carats from 15.7 million carats a

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18 Antwerp Diamond Co. Finance for Medicines in Botswana

Antwerp: Botswana’s Minister of Minerals and Energy, Joy Bogolo Kenewendo, is visiting the Antwerp diamond sector this week to thank 18 diamond companies that jointly financed life-saving medicines and medical supplies. The Antwerp diamond community mobilised after Botswana declared a medical state of emergency this summer due to a severe shortage of essential medicines. Thanks to the funds raised, more

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 BDB Hosts RJC Roadshow & Board Meeting

Mumbai: Reinforcing its commitment to global best practices, Bharat Diamond Bourse (BDB) hosted the Responsible Jewellery Council (RJC) Roadshow, bringing together international experts and industry professionals for focused discussions on responsible, transparent, and future-ready practices in the diamond and jewellery sector. Led by Mr. Dave Meleski, Chairman, RJC, the programme featured presentations by Ms. Suzanne Brooks, General Manager – Standards,

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Progress Killed in Pursuit of the Impossible: WDC

Dubai: The World Diamond Council (WDC) yesterday expressed profound regret that a small number of Kimberley Process (KP) Participants blocked consensus on long-awaited reforms designed to strengthen protections for Africa’s diamond-mining communities. For three years, the KP Review and Reform Committee worked on the most ambitious reform effort in more than two decades. That work brought the KP closer than

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Amber Pepper Appointed as CEO of NDC

London: The Natural Diamond Council (NDC) has announced the appointment of Amber Pepper as Chief Executive Officer, effective 1 February 2026. A seasoned global leader in luxury brand transformation, Pepper brings a wealth of experience in driving commercial growth, digital innovation, and consumer-centric storytelling across some of the world’s most respected fashion and retail brands, including senior roles at Tapestry,

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