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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
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
Top News
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
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
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
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
Rio Tinto Unveils A$6 mln. Argyle Pink Diamonds Ring
Perth: Rio Tinto has unveiled its first significant Argyle Pink DiamondsTM jewellery piece since the closure of the iconic Argyle mine in Western Australia: the A$6 million Argyle RomanticaTM ring, handcrafted with 3.42 carats of rare pink, red and blue diamonds from the mine. The Argyle RomanticaTM is the first piece produced under the Argyle Pink Diamonds Icon PartnerTM program,
Genelia Launches Bold New Pieces of Avaanti Collection
Mumbai: To add an extra spark to the festive season, De Beers Forevermark, the most trusted natural diamond brand, has launched three bold new designs from the Forevermark Avaanti Collection. Talented film star & entrepreneur Genelia Deshmukh unveiled the new designs at the one-year anniversary of the De Beers Forevermark Exclusive Boutique in Bandra. The Forevermark Avaanti Collection is crafted
Augmont-Gold for All to Expand Business in Hyderabad
Mumbai: Augmont Gold For All, India’s retail Gold Platform, has successfully forayed into the Sell Old Gold business to enable in simplifying the process and to offer its customers assistance in all things related to selling old gold. The brand has chosen Hyderabad market as its second touch point for the Sell Old Gold process. All set to be launched
GIFT City Nominated to Import 200 Tonnes Gold
Gandhinagar: Mr. Piyush Goyal who had visited GIFT City at Gandhinagar and interacted with officials on Saturday morning said the imported gold will be distributed from GIFT City to other parts of the country. GIFT City will be nominated as an agency to import 200 tonnes of gold from the United Arab Emirates (UAE) under the recently signed Free Trade
