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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WGC Launches “The Moment is Gold” Campaign

Mumbai: The World Gold Council (WGC) yesterday unveiled its new gold jewellery campaign in India. ‘The Moment is Gold’ campaign aims to enhance the relevance and aspiration of gold jewellery amongst Gen Z and Millennials. The campaign showcases gold jewellery as an integral part of everyday moments and fosters a deeper emotional connection with gold, while positioning it as a

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The Next Chapter in India’s Timeless Diamond Story-GA Demands

Mumbai: India’s diamond industry has seen better days. With rising costs, delayed deals, and fewer opportunities, many traders are struggling to keep pace. But a change is here. GA Demands, a mobile-first app built by Indian traders, for Indian traders, is helping the diamond market bounce back — by giving users more control, zero commission fees, and smarter technology to

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Countdown Begins for SAJEX Show

Jeddah: Saudi Arabia is gearing up for the year’s most-awaited B2B Gem and Jewellery Show ‘SAJEX’. The show which begins from 11th to 13th September at Jeddah Superdome, promises an exquisite showcase of jewellery from around the world by 100+ top Jewellery Manufacturers. A 3-day visual extravaganza is waiting to unfold. The show powered by INTERNATIONAL GEMOLOGICAL INSTITUTE (IGI) and

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Diavik Mine Reaches 150 Mln. ct. Milestone

Yellowknife (Canada): Rio Tinto’s Diavik Diamond Mine in the Northwest Territories of Canada hasreached a significant milestone of producing 150 million carats of rough diamonds since the minecommenced production in 2003. Diavik mine, located on an island in a remote sub-Arctic lake, produces predominantly gem quality whitediamonds and a small quantity of yellow diamonds, destined for high end jewellery in

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Euro MPs Vote to Ban Conflict Minerals

Brussels: In a surprise decision, the European Parliament recently voted to ensure that as with diamonds and other precious stones, European Union (EU) importers of tin, tantalum, tungsten and gold for manufacturing consumer goods, be certified by the EU to ensure they do not fuel conflicts OR human rights abuses in conflict areas. The decision to ban was unexpected because

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India Condemns Discriminatory Practices

Mumbai: A news report appeared in some newspapers has alleged that Harikrishna Exports declined job to a person on basis of religion. Chairman of The Gem & Jewellery Export Promotion Council (GJEPC) Mr. Vipul Shah has issued a statement in this reference which says, “The Gem & Jewelry industry of India condemns discriminatory practices in employment and trading, be it

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Charges Dropped Against Rafael Marques

Luanda: The defamation case against Rafael Marques de Morais over his scathing depictions of Angola’s diamond industry has been dropped, reports JCKonline. “I confirm the withdrawal of the charges,” he said via email. Marques was being charged by leading generals in the Angolan military over his book, Blood Diamonds: Corruption and Torture in Angola, which includes tales of corruption sometime-graphic

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'Make in India' shines in 'India Pavilion' at JCK

Mumbai: Gem & Jewelry Export Promotion Council (GJEPC), the apex body of gem and jewelry industry in India has strived to establish India as a global diamond and Jewellery trading destination. This endeavor has seen participation of the Indian gem and jewelry industry in some of the largest, glamorous and most prestigious trade events including the soon to be held

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