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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
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
Mumbai: Gemfields has announced revenue of $25.4 million from its November–December auction of commercial-quality rough emeralds, marking one of the company’s strongest sales performances of the year despite earlier disruptions at the Kagem mine in Zambia. Held via private viewings in Jaipur, India, followed by an online sealed-bid process, the auction offered 46 lots of rough emeralds. Of these, 45
Open House Session with Mumbai Customs Dept.
Mumbai: The Customs Zone–III successfully conducted an Open House Meeting on 4th December 2025, chaired by Mrs. Prachi Saroop, Principal Chief Commissioner of Customs, to deliberate on various operational and policy-related issues concerning customs functioning at PCCCC. The meeting saw active participation from trade members, industry representatives, exporters/importers, GJEPC and senior customs officials, fostering a transparent and collaborative environment. The
Kalyan Jewellers Enters United Kingdom
Thrissur: Kalyan Jewellers, one of India’s jewellery brands, has further strengthened its global presence with the launch of its new showroom on Belgrave Road widely known as Leicester’s Golden Mile, the UK’s most prominent jewellery and South Asian retail hub. This milestone entry into the United Kingdom marks a strategic leap in the brand’s international expansion journey, following its sustained
India’s G&J Gross Exports Fell 55% in Q1 2020-21
Mumbai: India’s overall gross exports of gems and jewellery during the first quarter of FY2020-21 (April-June 2020) showed a decline of about 55% to US$ 2746.64 million on a year-on-year basis, according to provisional data released by the Gem & Jewellery Export Promotion Council (GJEPC). India’s Q1 overall gross imports of gems and jewellery plummeted 75% to US$ 915.137 million,
Six New CFCs to be Operational by Dec 2020
Mumbai: The Common Facility Centres (CFC) Project Steering Committee, which includes representatives from the Ministry of Commerce & Industry and India’s Gem & Jewellery Export Promotion Council (GJEPC), met on 8th July, 2020, to review the status of the upcoming six new CFCs. The six locations for setting up CFCs in Phase II are Coimbatore, Kolkata, Jaipur, Delhi, Rajkot and
Kunming Diamonds is Authorised Partner for Argyle
Perth: Rio Tinto has welcomed Hong Kong based coloured diamond specialist, Kunming Diamonds as an Authorised Partner for Argyle Pink Diamonds. Kunming joins a global network of 13 exclusive Authorised Partners entrusted with the care and custody of Argyle pink diamonds. Patrick Coppens, General manager for Sales and Marketing for Rio Tinto’s diamonds business said, “Kunming is an exciting company
GJEPC Welcomes Relief Given by the Government
Mumbai: In a major relief to the Indian diamond industry, the Central Board of Indirect Taxes And Customs, Ministry of Finance, Department of Revenue, Government of India, at the behest of the Gem & Jewellery Export Promotion Council (GJEPC), announced an extension of three months on certified diamond re-imports in an official notification. The provision stated: “Provided that for the
