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

Fancy Color Diamond Prices up Slightly in 2016

New York: Demand for blue diamonds increased substantially during 2016, while demand for yellows continued to fall. For the full year 2016, the Fancy Color Diamond Index rose by 0.4%, driven by price increases for blue and pink diamonds of 5.5% and 1.4%, respectively, and offset by a 4.0% decline in prices of yellow diamonds. According to wholesale pricing data

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Drones to Monitor Marange Diamond Activities

Harare: The Zimbabwe Consolidated Diamond Company (ZCDC) is considering the use of drones to “effectively” monitor diamond mining activities in Marange, local media reports. NewsDay quoted acing ZCDC chief executive Ridge Nyashanu as saying the monitoring would help avoid leakages. “Plans are also underway to introduce the use of drones to monitor all mining zones because they are big,” he

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High Tax on Gold May Continue: Economic Survey

Mumbai: Economic Survey for 2016-17 has indicated that implicit subsidy for gold is still too high and it mostly goes to the middle class. Market participants say that this indicates that government is looking to have higher tax revenues from gold, reports Business Standard. Survey notes that the calculations of implicit subsidies for the middle class, which forms top 40

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SSEF First to Introduce Age Dating of Natural Pearls

Basel: The Swiss Gemmological Institute SSEF has become the first gem laboratory worldwide to introduce, as an additional service to clients, age dating of pearls using carbon-14 (14C). This scientific method can provide the pearl industry with new valuable information about the age of loose pearls and pearls in jewellery. Age determination can support evidence of historic provenance in the

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Qatar Diamond Exchange Joins the WFDB

Doha: The Qatar Diamond Exchange (QDE) has officially been admitted as a member of the World Federation of Diamond Bourses (WFDB), the exclusive organization that – as of now – unites 27 diamond bourses on five continents under common trading rules and a shared code of conduct. QDE’s admission was announced during the 41st World Diamond Congress, convened by the

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Dassani Brothers to Launch New Collections at IIJS Premiere 2026

Mumbai: Dassani Brothers, a pioneer in the manufacturing of exquisite Polki and Jadau jewellery, will unveil two signature collections GATSBY and RAAGINI at IIJS Premiere 2026. Inspired by the brand’s Heritage Meets Modern philosophy, the collections showcase four generations of craftsmanship, blending timeless artistry with contemporary design. The GATSBY Collection draws inspiration from the bold geometry and glamour of the Art Deco era,

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Grow Your Business, Attend ‘Innov8’ at IIJS Bharat Premiere

NATURAL DIAMONDS: DESIRE, CONFIDENCE, COLLABORATION & LEADERSHIP: Mumbai: The Count down for IIJS Bharat Premiere 2026, being organized by India’s Gem & Jewellery Export Promotion Council (GJEPC) has begun. At IIJS Bharat Premiere 2026, GJEPC × GIA presents Innov8 Talks, powered by IGM (India Gold Metaverse), bringing together global leaders from the natural diamond industry to explore the future of

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India’s CG, Dubai, V V Reddy, Interacts with BDB Committee

Mumbai: India’s Consul General (CG) to Dubai, Mr. Vishnu Vardhan Reddy, visited the Bharat Diamond Boure (BDB) complex on July 24. He engaged with members of the BDB Committee. The visit enabled the CG to gather better insights into the functioning of the diamond trade, the operations within the Bourse. He also observed the smooth functioning of import-export trade in

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