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

Need to Create State of Art Museum in Gujarat

Gandhinagar: A symposium was organized by the Gem & Jewellery Trade Council of India (GJTCI) where Mr. O. P. Kohli, Honorable Governor of Gujarat, Shri Shantibhai Patel, President, GJTCI and leading trade dignitaries and craftsman remained present. Artifacts & designs of craftsman were showcased & trade dignitaries were honoured by Governor of Gujarat to name a few Shri Natubhai Chokshi

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Argyle Pink Diamonds Preview in Copenhagen

Copenhagen: Rio Tinto’s spectacular 2016 Argyle Pink Diamonds Tender has been launched during a world exclusive preview in Copenhagen against the backdrop of a rare Argyle pink diamond jewellery exhibition. The 2016 Argyle Pink Diamonds Tender includes 63 pink, red and violet diamonds and represents the finest of a year’s production from Rio Tinto’s Argyle diamond mine in Western Australia.

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New WFDB Executive Committee Takes Office

Antwerp: The World Federation of Diamond Bourses (WFDB) has announced changes to its Executive Committee following unanimous votes at the recent 37th World Diamond Congress in Dubai. President Ernie Blom was re-elected to third consecutive term, while Israel Diamond Exchange President Yoram Dvash was elected Vice President. Rony Unterman continues as Secretary-General, while the new Treasurer-General is Bharat Diamond Bourse

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Stuller Joins IGDA

Morrisville: The International Grown Diamond Association (IGDA) has accepted leading US jewellery manufacturer Stuller as its member. IGDA – an industry-wide association – was launched in February 2016 and comprises of leading lab-grown diamond growers, distributors, suppliers, retailers and technical experts. IGDA seeks to represent the lab-grown diamond industry, promote lab-grown diamonds as a new choice and educate about various

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India to Continue Gold Import Curbs

New Delhi: Curbs on gold import are likely to remain in place with Finance Minister Arun Jaitley today saying the government is inclined to continue with this measure along with other steps taken by the previous UPA regime for controlling the widening CAD as they have worked. “Each step is being continued…efforts are being made to continue each of these

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IGI Announces Mobile App, Jaipur Lab

Mumbai: The International Gemological Institute (IGI) launched its new consumer mobile application for Android/iOS titled “my Diamond my Jewelry” at the India International Jewellery Show (IIJS) in addition to offering a live grading lab. During the show, IGI also detailed the opening of its next grading laboratory and education institute in Jaipur that will cater to the Rajasthan and North

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AWDC Participates in the Mine Entra Fair

Antwerp: The Antwerp World Diamond Centre (AWDC), the world leader in diamond trade, participates in the Mine Entra exhibition in Zimbabwe for the first time. “Now that the European sanctions are lifted, the way is open for intensive collaboration between Zimbabwe and the main commercial center for diamonds,” said Ari Epstein, CEO of the Antwerp World Diamond Centre. 84% of

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Pangolin Recovers White Macro-Diamond

Gaborone: Pangolin Diamonds has recovered a white macro-diamond weighing 0.005484 carats from a soil sample on its recently acquired Malatswae project prospecting licence PL247/2014, in Botswana. It said in a statement that a field team was now on site collecting follow-up samples on a close-spaced grid to help determine the significance of this discovery. The Malatswae kimberlite project was located

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