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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Pure Gold Jewellers Investing $25 Miln in GIFT City

Dubai: Dubai-based Pure Gold Jewellers recently announced its plans to invest $25 million in the Gujarat International Finance Tec-City (GIFT) City project, which will create the first global financial hub in India. GIFT City is a 50:50 joint venture between the Gujarat Urban Development Company Limited (GUDCL) and Infrastructure Leasing and Financial Services (IL & FS) Limited. The project was

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Argyle Pink Diamond Coin Released

Perth: The Perth Mint has released a 2oz pink gold coin featuring a hand-set pink diamond from the Argyle diamond mine. The limited-edition Kimberley Sunset coin, created in association with Rio Tinto, is being sold for AU$8,000 ($6,253). The small diamond in each coin is sized between 0.035 and 0.045 carats. The reverse side of the coin depicts a boab

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JNA Awards Announces Categories for 2015

Hong Kong: JNA Awards, the annual industry-wide event that honours innovators, leaders and outstanding enterprises of the international jewellery and gemstone industry with a focus on their contributions in Asia, has 16 award categories for 2015. Organized by JNA (Jewellery News Asia), JNA Awards 2015 is led by Rio Tinto Diamonds and Chow Tai Fook as Headline Partners, with Diarough

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Vipul Shah Gets Amity Export Exc. Award

New Delhi: Gem & Jewellery Export Promotion Council (GJEPC) Chairman Mr. Vipul Shah was conferred with the Amity Export Excellence Award at the Valedictory Function of the 15th International Business Summit & Research Conference INBUSH-ERA organized by Amity University at its campus in Noida on February 27, 2015. The award is part of the Amity Corporate Excellence Awards that are

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De Beers Launches Desert Diamonds Beacon

London: De Beers Group has announced the consumer launch of Desert diamonds, the first new ‘beacon’ it has developed in over a decade, supported by its largest category marketing investment in more than ten years. A De Beers beacon is a celebration of natural diamonds that is manifested through a jewelry concept designed to galvanize the industry around a central

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Amit Pratihari Named MD, GIA India Laboratory 

Mumbai: The board of directors of GIA India Laboratory Pvt. Ltd. (GIA India) has appointed Amit Pratihari as managing director, responsible for all aspects of GIA India’s gemological laboratories in Mumbai and Surat, as well as the GIA India school in Mumbai. Reporting to the board of directors of GIA India, he assumed his responsibilities on October 1. Amit’s deep experience

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GJC Welcomes Formation of Dakshata Samiti 

Mumbai: The All India Gem & Jewellery Domestic Council (GJC), the apex body representing over 600,000 jewellers across India, has welcomed the Maharashtra Government’s historic step of establishing a state-level ‘Dakshata Committee’ (Vigilance Committee) to ensure the safety and security of jewellers. For a long time, jewellers have faced harassment during investigations of theft and robbery cases involving gold and silver. In

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Augmont Enterprises Files for Rs. 800 Crore IPO 

Mumbai: Augmont Enterprises Limited, an integrated gold and silver platform in India serving businesses and consumers, with a presence across 24 states, as of August 31, 2025, has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI). The IPO comprises of a Fresh issue of equity shares of face value ₹ 5

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