Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors

Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000

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Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors

Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000

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IIGJ Mumbai Opens Modern Campus to Power Industry Growth

Mumbai: The Indian Institute of Gems & Jewellery (IIGJ), Mumbai, took a significant leap forward in its journey of growth with the inauguration of its newly modernized, state-of-the-art campus. The launch marks a new chapter for the institute, reinforcing its role as a centre of excellence in gems and jewellery education, skill development, and innovation. The ceremony was graced by

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Progress in Harmonization of Language used on Gemological Reports

Mumbai: The Laboratory Manual Harmonization Committee (LMHC) has reported significant progress towards its goal of achieving the harmonisation of language used on gemmological reports, following its latest meeting, which was hosted by the Swiss Gemmological Institute – SSEF, in Basel, Switzerland, in May. Following the meeting, LMHC members unanimously approved three new information sheets that standardise terminology and testing procedures, and

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GJEPC Urges Finance Minister for Urgent Relief

New Delhi: India’s Gem & Jewellery Export Promotion Council (GJEPC) leadership, led by Chairman Mr. Kirit Bhansali, along with Vice Chairman Mr. Shaunak Parikh and Executive Director Mr. Sabyasachi Ray, met the Hon’ble Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman recently to seek urgent relief measures for the gem and jewellery sector, which has been severely impacted by

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BDB Leadership Series Discusses Future of G&J Sector

Mumbai: The second edition of the Bharat Diamond Bourse (BDB) Leadership Series themed ‘Polishing Our Future’ concluded successfully with world renowned speakers attending the preparatory conference for the Gem and Jewellery Industry members. This was the third day of the three-day conference, the first two days dedicated to presentation of research papers by globally acclaimed scientists under the AGDRT (Advances

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Rio Urges Speedy Clearance for Bunder Project

New Delhi: Sam Walsh, CEO of mining giant Rio Tinto has urged the Indian government to ensure speedy clearance to the Bunder diamond mining project in Madhya Pradesh according to media reports. He was speaking to the press during a recent visit to Delhi. Walsh said that he has had three rounds of discussions with the Indian government during the

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Three Diamond Bourses to Cooperate With IDW

Ramat Gan: Members of three of the world’s leading diamond bourses will find themselves together on the trading floor of the Israel Diamond Exchange at the upcoming International Diamond Week (IDW) in Israel in February. Originally scheduled for past August, the winter edition of the event will gather — for the first time since the Israel Diamond Exchange instituted the

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Gem-A Take the Party to Tucson

London: The Gemmological Association of Great Britain (Gem-A) has announced its upcoming plans for the Tucson Gem, Mineral and Fossil Showcase from the 1 – 15 February. Over the course of the two week showcase Gem-A plans to introduce jewellers, gemmologists and mineralogists to their range of professional educational courses, membership services, instruments and publications through a number of exhibitions,

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Chow Tai Fook's 3Q Sales -10%

Beijing: Chow Tai Fook reported that group sales fell 10 percent year on year for the third quarter that ended on December 31, according to preliminary estimates that did not include hard totals. Same-store sales fell 18 percent, with a pronounced decline of 21 percent in Hong Kong and Macau and a 15 percent drop in Mainland China. Gem-set jewelry

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