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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EVARA Platinum Presents Band Baajaa Bride

Mumbai: When we think of wedding, we think of Band Baaja Bride. Yes! It’s back and this time it’s larger than life!! 13 lucky brides, 13 makeovers, some dreams and some eternal moments. So brace yourselves for yet another stunning season of Band Baajaa Bride 6 with Sabyasachi, in association with Evara Platinum Blessings. With love at the heart of

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Call for a New Generation of Industry Leadership

New York: Secretary-General of the International Diamond Manufacturers’ Association (IDMA) and President of the newly minted US Jewellery Council Mr. Ronnie VanderLinden, has devoted much of his time, energy and honest efforts to the betterment of the global gem and jewellery industry. Now he wishes that the younger generation should come forward and take the leadership to guide the industry

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GIA Hacked, Revokes 1000+ Certificates

Mumbai: The Gemological Institute of America has invalidated 1,042 grading reports issued by its grading lab, as they bear grades that were altered after its system was accessed without authorization by former employees of its database support contractor, Tata Consultancy Services (TCS), according to a report published in JCKonline. The list of affected reports can be seen here. GIA requests

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De Beers Cuts Diamond Forecast Yet Again

Gaborone: According to the Anglo American Q3 production report, De Beers’ diamond production for the third quarter of 2015 decreased 27% to six million carats, following the decision to reduce production to better reflect current trading conditions – namely, oversupply in the diamond market. Anglo also said that De Beers’ full year production guidance is now ~29 million carats –

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Gaetano Cavalieri Addresses ECOSOC

Milan: CIBJO President Gaetano Cavalieri has addressed the High Level Segment of the UN Economic and Social Council in New York, and in his presentation stressed the commitment of both CIBJO and the international jewellery sector to assisting the United Nations meet its development goals. Dr. Cavalieri was addressing the annual keynote gathering of the UN agency as the head

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5th Edition of IIJW Inaugurated in Mumbai

Mumbai: After completion of four successful years, the 5th edition of India International Jewellery Week, popularly known as IIJW, was inaugurated this morning in Mumbai by Mrs. Rashmi Thackeray. Present at the inauguration were Mr. Vipul Shah, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC), Mr. Pankaj Parekh, Vice Chairman of GJEPC and other degnitories. Conceived and conceptualized

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HRD Antwerp Adjusting Parameters of Cut Grade

Antwerp: HRD Antwerp is to adjust the proportion parameters of its Cut Grade, with changes taking place as of July 14. The Belgian lab said it is making the move “in order to be more compliant with the market standard, while maintaining the highest-quality grading standards that HRD Antwerp is known for”. “The HRD Antwerp Cut Grade is based on

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Gold, Diamond Deposits Traced in Odisha

Bhubaneswar: Geological survey has revealed deposits of a variety of gem stones, gold and diamond in Boudh district in India’s Odisha state, Steel and Mines minister Prafulla Kumar Mallick informed in the State Assembly here on Friday, according to a report published in Odisha Sun Times. Replying to a question by Mahidhara Rana, he said as informed by the Steel

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