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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
Imparting Knowledge through Digitization
Mumbai: On 1st day of the India International Jewellery Show (IIJS) 2015, the Gem and Jewellery Skill Council of India (GJSCI) had conducted a seminar titled ‘Imparting knowledge through digitization. The topic touched upon the various facets of technology and its correct and efficient usage to empower e-learning in the context of gem and jewellery industry. Mr. Nilay Yajnik, a
GJEPC, BDB, GJF Welcome New ISO Standard
Mumbai: Gem and Jewellery Export Promotion Council (GJEPC) along with Bharat Diamond Bourse (BDB) & Gem and Jewellery Federation (GJF) have praised the release of ISO International Standard 18323: Jewellery – Consumer confidence in the diamond industry. The ISO Standard provides a series of definitions which aim to provide further clarity for traders and to maintain consumer confidence in the
US Gold Jewellery Imports Up 9% in Q2
New York: Gold jewellery imports into the US rose by 9% during the quarter ended June 30, 2015, the slowest growth rate in almost three years, say media reports. During the quarter, the country imported 14,792 kg, with June imports reaching 4,205 kg, a rise of 3% as compared to the same month in 2014, the reports state. Gold jewellery
IDEX Online Signs MOU with WDM
Mumbai: IDEX Online has signed an MOU with the World Diamond Mark (WDM) Foundation to promote the WDM marketing campaigns and IDEX products. After signing at the MOU at the India International Jewellery Show (IIJS) in Mumbai, IDEX chairman Ehud Cohen said he was confident of the benefits of the co-operation for both sides. “IDEX is pleased to support an
GJEPC Welcomes Export Promotion Mission, SEZ Revival
Mumbai:Announcing the reforms and budget for 2014-15, the Finance Minister, Mr. Arun Jaitley has maintained the populist front, announcing various small measures and state level schemes however none of them promise any major impact on the gem & jewelry sector, the Gem & Jewellery Export Promotion Council (GJEPC) has said in an official statement. “The industry is happy that our
GJF Expresses Deep Anguish over Union Budget
Mumbai: Indian gems and jewellery Industry is extremely disappointed with the Union Government Budget Proposals as the finance ministry did not consider their plea of reducing the import duty component on gold and also abolish the stringent 80:20 norms. “The union finance minister Mr. Arun Jaitley has ignored the plight of the trade in spite of several representation and meetings
No Solace in Budget for India's Jewellery Sector
Mumbai: India’s Finance Minister Mr. Arun Jaitley has not given any relaxation in his first budget today as far as import duty on gold is concerned, within 45 days of forming of the Narendra Modi government. Mr. Jaitley surprised bullion markets by keeping the import duty on gold and silver unchanged at 10% in his fiscal budget, a move likely
RJC to Hold Session at IIJS Educational Program
Mumbai: The Responsible Jewellery Council (RJC) will be taking part in the educational program of the July 17-21 India International Jewellery Show (IIJS). The program, organized by the Gem & Jewellery Export Promotion Council (GJEPC), and sponsored by Gemological Science International (GSI), will host a series of industry experts during the four day educational series entitled Spectrum Seminar – Innovate
