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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Comprehensive Discussion on Govt. G&J Policy

Mumbai: Bharat Diamond Bourse (BDB), in association with the Gem & Jewellery Export Promotion Council (GJEPC), organized an exclusive awareness and outreach session on the Maharashtra Gems & Jewellery (G&J) Policy 2025. The event featured an engaging and insightful interaction with Mr. Deependra Singh Kushwah (IAS), Development Commissioner (Industries), Government of Maharashtra whose forward-looking perspective offered industry stakeholders a comprehensive

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Piyush Goyal Inaugurates NEST 2 at SEEPZ

Mumbai: India’s Commerce and Industry Minister Mr. Piyush Goyal unveiled the NEST–02 (New Enterprises & Services Tower – Phase 2) at the Santacruz Electronics Export Processing Zone (SEEPZ) yesterday, calling for stronger partnership between industry and the government to boost efficiency, transparency, and skilling. Speaking at the event, Mr. Goyal said SEEPZ must mirror the rapid economic growth witnessed under

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Mehul Choksi’s Extradition is Cleared by Belgium

Mumbai: Belgium’s top court has dismissed fugitive diamantaire Mehul Choksi’s appeal against his arrest in Antwerp, which was made on the basis of an extradition request from New Delhi, according to people familiar with the matter. The Belgian Court of Cassation — equivalent to India’s Supreme Court — heard Choksi’s plea in Brussels on Tuesday and ruled in favour of

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Mumbai: Gemfields has announced revenue of $25.4 million from its November–December auction of commercial-quality rough emeralds, marking one of the company’s strongest sales performances of the year despite earlier disruptions at the Kagem mine in Zambia. Held via private viewings in Jaipur, India, followed by an online sealed-bid process, the auction offered 46 lots of rough emeralds. Of these, 45

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HRD's New Innovative Diamond Grading Reports

Hong Kong: HRD Antwerp, Europe’s leading authority in diamond certification, has launched its newly restyled Diamond Grading Reports and Diamond Jewellery Reports during the Hong Kong Jewellery and Gem Fair which runs from September 13rd – 17th 2016. Important improvements were made to the visual representation of HRD Antwerp Diamond Grading Reports and Jewellery Reports in order to provide them

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CIBJO Releases Coloured Stone Com'n. Sp. Report

Milan: With six weeks to go to the opening of the 2016 CIBJO Congress in Yerevan, Armenia, on October 26, 2016, the fourth of the CIBJO commissions’ Special Reports has been released. Prepared by the CIBJO Coloured Stone Commission, headed by Nilam Alawdeen, the report examines the subject of ethical sourcing in the coloured gemstones sector, specifically from the perspective

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Rio Tinto’s Rare Coloured Diamonds Showcased

Hong Kong: Rio Tinto’s spectacular 2016 Argyle Pink Diamonds Tender is being showcased in Hong Kong against the backdrop of the annual Hong Kong Watch and Jewellery Fair. The 2016 Tender collection is an unprecedented spectrum of colour, size and clarity, a truly magnificent collection of 63 one of a kind diamonds. The centerpiece of the collection, The Argyle Violet,

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NDT Produces Record-Breaking Synthetic Blue

Moscow: Russian company New Diamond Technology (NDT) announced it has produced a new blue diamond that it calls the world’s largest lab-grown blue diamond, more than twice the size of its prior notable blue stone, reports JCK. The “world’s largest lab-grown blue diamond” is a 10.07 ct. fancy deep blue SI Asscher cut. Its IGI grading report can be seen

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