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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Andrey Polyakov Elected Vice President of WDC

Moscow: ALROSA vice president Andrey Polyakov was elected World Diamond Council (WDC) vice president at the council’s annual general meeting held in Moscow. According to the council’s bylaws, the vice president subsequently assumes the role of president – in this case Polyakov will take over the role in 2016. Also at the annual general meeting, delegates met to discuss a

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Ronnie Elected President of US Jewelry Council

New York: Mr. Ronnie VanderLinden, the incumbent President of the Diamond Manufacturers & Importers Association of America (DMIA), was elected President of the newly-formed United States Jewelry Council (USJC), a coalition of leading diamond, gem and jewelry trade associations in the United States that have come together to assure that the U.S. jewelry industry is collectively represented at government and

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WDM Supports World Diamond Museum

Hong Kong: Last week, Alex Popov, chairman of the World Diamond Mark Foundation (WDM) published a blog entitled “Art encapsulates history, culture and preserves value – it should enfold diamonds, too.” In his article, he asked “What do diamonds have to do with art? It all depends on how we imagine the identity and position of diamonds in the future.

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More Rate Cuts Unlikely in FY16: Ind-Ra

Mumbai: Factory Output Surprises on the Upside: Index of Industrial Production (IIP) grew 6.4% in August 2015, much higher than India Ratings and Research’s (Ind-Ra) forecast of 4.3%. Cumulatively for the period April-August 2015 the industrial output grew 4.1% compared with 3.0% for the same period last fiscal. This sustained growth, though still low, indicates that industrial recovery is on

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India’s G&J Exports Stood at US$ 4.27 Bln in April–May 2026

Mumbai: India’s gem and jewellery exports stood at US$ 4.27 billion (Rs. 40,398.97 crore) during April–May 2026 as compared to US$ 4.55 billion (Rs. 38,848.42 crore) during the corresponding period of the previous year. While overall exports declined by 6.03% in dollar terms, they registered a growth of 3.99% in rupee terms. The figures are provided by India’s Gem &

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Fraudulent Filling of Fissures in Emeralds

Basel: Based on a number of recent cases, the Swiss Gemmological Institute SSEF is issuing a trade alert concerning a fraudulent practice that has resurfaced in the emerald market. It concerns the filling of fissures in stones after they have been tested, with the emerald stone being offered for sale along with the earlier report that indicated little or no

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Global Jewellery Industry Meets at IIJS Bharat Premiere 2026

Mumbai: Over 2,700+ international visitors from 80+ countries & 50,000+ trade visitors are set to converge in Mumbai for the most anticipated gathering of the global jewellery industry. Among them is Suzan Von Zahn of SVZ Jewellery, South Africa, who shares her excitement about attending IIJS Bharat Premiere 2026 and exploring the exceptional craftsmanship and business opportunities the show has

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A Golden Milestone in India–Oman Trade Relations

Kolkata: Marking a significant step in strengthening bilateral trade ties, the first gold jewellery export shipment from Kolkata to Oman was successfully dispatched under the India–Oman CEPA framework. India’s gems & jewellery exports to Oman currently stand at -USD 35 million, including ~USD 10 million in gold jewellery. Exports could reach nearly USD 150 million over the next three years.

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