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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6th IIJW Inaugurated in Mumbai

Mumbai: The much awaited 6th edition India International Jewellery Week (IIJW) was inaugurated on Monday by the Bollywood actress and Brand Ambassador of the Gem & Jewellery Export Promotion Council (GJEPC) Ms. Sonam Kapoor in presence of Mrs. Amruta Fadnavis, designer-cum-politician Ms. Shaina NC, Chairman of the GJEPC Mr. Vipul Shah, Convener of the IIJW Mr. Sanjay Kothari and other

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Dev Shetty Conferred with ‘Bharat Gaurav’ Award

Mumbai: Mr. Dev Shetty, Chief Operating Officer of Gemfields – the world’s largest supplier of coloured gemstones, was recently felicitated with “Bharat Gaurav Award” at the British Parliament. “Bharat Gaurav Award” is prestigious award for Indians, from all over the World who have achieved overwhelming success in their respective field and made India proud globally. Mr. Shetty was felicitated for

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RapNet Partners with IIJS 2015

Mumbai: RapNet has announced in partnership with the Gem & Jewellery Export Promotion Council (GJEPC), that the popular RapNet Show Listings service is now available for this year’s India International Jewellery Show (IIJS) taking place August 6 to 10, 2015. RapNet Show Listings is an online tool and mobile app enabling buyers to find diamonds and suppliers at major trade

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SA Invites Indian Firms to Set Up Jewellery Units

New Delhi: South Africa has invited Indian companies to invest in jewellery manufacturing units in the country by taking advantage of its latest policies, reports ETRetail.com. Under the new industry policy programme, South Africa is encouraging jewellery manufacturing activities that will help add value to its raw materials including gold, silver and a variety of minerals. At the event organized

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Global Rough Prices Up by 6-7% in 2014

Moscow: Since the beginning of 2014 till the end of the first half rough diamond prices rose by an average of 6-7% at the global market. This estimate is stipulated in the recent report of ALROSA for the second quarter, cited by Finmarket.ru. Majority of market players have observed the negative trend shifted to stabilization or growth of prices in

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De Beers to Accept Registration of Interest for New Sightholders

Gaborone: The De Beers Group of Companies today confirmed that it will accept registrations of interest for its 2015-2018 Global Sightholder Sales contractual period from 25th–29th August, 2014. Any diamond businesses interested in applying for supply from the start of the new contractual period will need a Key Individual from their Group to register at www.debeerssightholder.com/apply between these dates. General

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FACETS 2014 Opens on September 4th

Colombo: FACETS Sri Lanka 2014, the 24th International Gem & Jewellery Show will be held from 4th – 7th September 2014 at the he BMICH Exhibition and Convention Centre in Colombo. FACETS Sri Lanka, held since 1991 with state and private sector patronage, will showcase a wide variety of sapphires and gemstones from producers and wholesalers from all the main

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New UK Guidelines to Boost Ethical Sourcing of Jewellery

London: New guidelines in the UK are set to help boost ethical sourcing of jewellery. The recommendations from the government are to make retailers and producers aware of human rights abuses that take place in their supply chains. Gold, diamonds and other precious stones and metals are often sourced from areas in Africa and South America where labourers face appalling

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