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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Top News

India Cuts Diamond Production By 30%

Mumbai: India’s diamond manufacturers have decided to cut production by up to 30% to avoid inventory buildup in a slowing market, reports The Economic Times. After a dismal last quarter, the country’s diamond industry, which accounts for about 80% of the world’s production of polished stones, is facing a gloomy start to the new fiscal, primarily due to a fall

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CIBJO Gemmological Commission to Focus in Brazil

Milan: With fewer than four weeks to go to the opening of the 2015 CIBJO Congress in Salvador, Brazil, on May 4, 2015, the fifth of the CIBJO commissions’ Special Reports has been released. Prepared by the CIBJO Gemmological Commission, headed by Hanco Zwaan, the report looks at issues related to nomenclature and identification, and in particular how these have

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GJEPC welcomes New Foreign Trade Policy

Mumbai: The recently announced Foreign Trade Policy for 2015-20 aims to support services and exports along with improving the ease of doing business, while supporting Make in India campaign. Gem & Jewelry being one of the significant sectors that has been recognized for an impetus to boost the exports by announcing a critical regulatory framework related to SNZ. Special Notified

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RJC Restructures Management Team

New York: The board of directors for the Responsible Jewellery Council (RJC) resolved to restructure its management team and introduce the role of executive director in place of its former CEO, Ashish Deo, who left the organization. James Courage, the chairman of the board, or Charles Chaussepied, the board’s vice chair, is expected to address the changes in detail during

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Kalyan Jewellers Grows in Q1 Results

Thissur: Kalyan Jewellers has recorded consolidated revenue of Rs 7,268 crore in Q1 FY26 as against Rs 5,528 crore in the same period in the previous financial year, a growth of 31%. Consolidated PAT for the quarter was Rs 264 crore as against a PAT of Rs 178 crore in the same period in the previous financial year, a growth of 49%. Standalone revenue (India) for Q1 FY 26 was Rs 6,142 Cr a growth of 31% when compared with the same period in the previous financial year and

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50% Tariff: GJEPC Seeks Relief from Govt.

Mumbai: The US announcement of a sweeping 50% tariff on all Indian goods is a deeply concerning development. This move would have far-reaching repercussions across India’s economy—disrupting critical supply chains, stalling exports, and threatening thousands of livelihoods. The Indian gem and jewellery sector, in particular, stands to be severely impacted. The United States is our single largest market, accounting for

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Celebrate Rakshabandhan with Platinum

Mumbai: Rakshabandhan has always been about celebrating the quirks, chaos and quiet strength that defines sibling relationships. Over the years, gifting has become an integral part of the festival – a way to celebrate love, spark new memories and cherish old ones. As this exchange becomes more thoughtful, platinum jewellery is stepping into the spotlight as the go-to choice for

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Hari Krishna Exports Wins Sustainability Award

Hong Kong: Seven enterprises demonstrating the global jewellery industry’s commitment to positive change have emerged victorious in the Sustainability Awards 2025 by JWA (Jewellery World Awards). Representing a truly international showcase of excellence, the winning companies from China, Hong Kong, India, Italy, the US and Vietnam will be honoured during the Fair Reception of Jewellery & Gem WORLD Hong Kong

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