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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SA Diamond Valuator Fired For Probing De Beers

Johannesburg: A senior South African government diamond valuator in Johannesburg was allegedly blocked and consequently fired for investigating diamond giant De Beers. Independent Online reports Conrad Benn, the country’s first black diamond valuator, approached the high court to challenge the South African Diamond and Precious Metals Regulator’s decision to suspend him in April last year and fire him last month.

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‘Blood Diamonds’ Posted Online

Luanda: The explosive and often shocking book about the Angolan diamond industry that led to criminal charges against its author has been posted online by Reporters Without Borders. Rafael Marques de Morais, a frequent critic of the Angolan government and its diamond business, was charged with criminal defamation in his home country for his 2011 book Blood Diamonds: Corruption and

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Japan's Diamond Exports Surge to Record Levels

Tokyo: Japan’s diamond and gold exports have recently enjoyed a surge on the back of a weaker yen, which has pushed up prices, with exports through April rising to record levels, according to a report in the Nikkei Asian Review. Japan exported 350 million yen ($2.79 million) worth of diamonds in April, a 60-percent increase from a year ago. Exports

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Diamond Processing in Gujarat to Get Hi-Tech

Surat: The small and medium diamond manufacturers in Gujarat will now be able to increase their output using modern technology, reports The Times of India. The Union ministry of commerce and industries has given an in-principle approval for setting up a Common Facility Centre (CFC) in Ahmedabad, Amreli, Visnagar and Palanpur. The centre will be equipped with modern equipments for

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Suresh Hathiramani Elected as Chairman of WDHB

Singapore: The World Diamond Heritage Board (WDHB) has announced the appointment of Mr. Suresh Hathiramani as Chairman and Mr. Alex Popov as Vice-Chairman, of the Selection Committee of the World Diamond Heritage List (WDHL). A Historic Initiative for the Diamond Industry: The World Diamond Heritage List is an initiative designed to identify and document the 100 diamonds that have shaped

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Antwerp’s Diamond Trade Increased by 20% in Q1

Antwerp: According to figures from the Antwerp World Diamond Centre (AWDC), the total volume of diamonds traded in Antwerp increased by nearly 20% in the first quarter of 2026 compared to the same period last year. The import of rough diamonds in particular saw strong growth, with a 35.7% increase in volume. In terms of total trade value, the trading

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India Govt. Includes Jewellery in FTWZ

New Delhi: In a significant policy clarification, the Government of India has brought jewellery under the ambit of Free Trade Warehousing Zones (FTWZ), extending the scope of the existing framework governed by the SEZ Rules, 2006. Under a Circular dated 3rd March 2016, FTWZ units were already permitted to undertake storage and vaulting of precious commodities such as gold, silver,

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Sennes Launches its 1st Exclusive LGD Store in Noida

Noida: Backed by the legacy and trust of Senco Gold & Diamonds, Sennes – Senco’s lab-grown diamond (LGD) focused lifestyle brand – announced the launch of its first exclusive store in Noida at Gaur City Mall. This marks Sennes’ 12th store in the country and its debut in the Noida market, further strengthening its presence across key urban centres. Positioned

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