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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GJEPC Urges Gujarat Govt. For Trade Facilitation

Surat: A delegation under the leadership of Shri Vipul Shah, Chairman GJEPC met Mr. Saurabh Patel, Hon. Minister of Finance, Government of Gujarat to represent the Diamond trade issue on 8th October, 2014. The delegation consisted of Shri Chandrakant Sanghavi, Regional Chairman, Gujarat, Shri Ajesh Mehta, Co-Convenor, Diamond Panel Committee of GJEPC, Shri Aagam Sanghavi, Chairman, IDI, Shri Sabyasachi Ray,

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GJEPC Submits Recommendations on SEZ Revival

Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) has submitted a report to the Ministry of Commerce, Government of India outlining detailed recommendations on the steps that should be taken for the revival of manufacturing activity in the Special Economic Zones (SEZ). The recommendations fall into three broad categories – related to SEZ Functioning, Tax Policy Support and Business

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IIJW Telecast in India and US on 12th &19th Oct

Mumbai: Fans of fashion, jewellery, style …and Bollywood have a treat coming up this weekend. On Sunday October 12th, Star Plus will air a programme on India International Jewellery Show ( IIJW) which is a Gem & Jewellery Export Promotion Council (GJEPC)’s jewellery fashion extravaganza held in July this year, titled” Jalwa Sitaron Ka”. The four-day event will be captured

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8.41 ct. Pink Diamond Fetches Record Price!

Hong Kong: An 8.41 ct. purplish-pink fetched $17.8 million—or $2.1 million a carat—at the Sotheby’s Oct. 7 jewelry auction in Hong Kong, setting a new record for a vivid pink at auction. The vivid purplish-pink gem “attracted keen competition,” the auction house said, before breaking the previous $10.7 million record set by a 5 ct. vivid pink stone in Hong

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