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Did Natural Diamond Ind. Misjudge LGD Threat?
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
U.S. Retailer Shuts 250 Stores to Move Online
New York: Women’s apparel chain The Limited has closed all 250 stores and has moved all sales to its online platform, reflecting an increasingly challenging environment for bricks-and-mortar retailers, reports Rapaport. “We’re sad to say that all The Limited stores nationwide have officially closed their doors,” the company, which counts jewellery among its products, said in a notice to customers
Millennials Still Buying Diamonds: Bruce Cleaver
Gaborone: De Beers Group CEO Bruce Cleaver says in an interview that millennials, the under-35 age group, are still purchasing diamond jewellery, albeit smaller pieces since they are typically less affluent than their parents were at the same age. Cleaver told The Associated Press that millennial diamond buyers are not as traditional as their parents. “We find that they self-purchase
Vintage Jewellery Proves Worthy Investment
London: Vintage jewellery has gained more than 80 percent in value in the past decade, with many owners not realizing how much money they are sitting on, U.K.-based auction house Bonhams said. Jewellery from the Art Deco period in the 1920s and 1930s and pieces from the Belle Epoque era from 1890 to 1915 have appreciated 88 percent since 2006,
AGS Introduces ‘Only My Diamond’ Service
New York: The American Gem Society Laboratories (AGS Laboratories) has started a new service called Only My Diamond. The interactive online tool on the AGSLab web site provides an enhancement to AGS Laboratories’ Diamond QualityDocument (DQD) by offering supplementary diamond quality information. The Only My Diamond service includes a downloadable PDF of the Diamond Quality Document (DQD), a video of
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%
NDC, Dubai Jewellery Group Host ‘The Diamond Dialogue’
Dubai: Natural Diamond Council (NDC), a global not-for-profit organization collaborating the natural diamond industry and its entire value chain, hosted first-ever edition The Diamond Dialogue in partnership with Dubai Jewellery Group (DJG). The Diamond Dialogue was a thought-provoking industry roundtable that brought together leading voices from the UAE’s jewellery sector to discuss the evolving landscape of the natural diamond industry.
Platinum Love Bands Unveils New Season Collection
Mumbai: Platinum Love Bands has unveiled its new Season Collection — a tribute to the unspoken language shared between couples. Rooted in the belief that every love story has its own dialect, one the world may not understand, this collection transforms those quiet connections into something you can wear — something you can cherish for life. These aren’t just rings.
