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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Gemfields to Sponsor 16th ICA Conference

Colombo: Colored gemstone supplier Gemfields has announced its sponsorship of the International Colored Gemstone Association’s ICA Congress, which is slated for May 16-19 in Sri Lanka. Now in its 16th year, the congress brings together leaders and experts in the gem industry with a number of presentations and special events highlighting colored gemstones. Attending the event on behalf of Gemfields

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Rough Diamond Days on Feb 25-26

Antwerp: The Antwerpsche Diamantkring (ADK), the Rough Diamond Bourse, will be holding the next edition of its Rough Diamond Days, February 25 and 26, in the ADK trading hall, open to all WFDB members worldwide. The ADK’s history making first edition of the Rough Diamond Days was held last November. “It was a great opportunity to place the Kring in

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Foundation Ceremony of SDB now on 15th Feb

Surat: Foundation stone ceremony of the proposed Surat Diamond Bourse (SDB) now has been postponed on 15th February. Earlier the ceremony was scheduled to be performed on 8th February. The ceremony will be performed, as declared earlier by Gujarat Chief Minister Mrs. Anandiben Patel in presence of 20,000 invited people. Around 12,000 diamond merchants of which 5,000 are from Mumbai

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Angola, U.S. Pledge to Enforce KP Core Principles

New York: Angola and the United States have pledged to work together to enforce the core principles of the Kimberley Process (KP) to ensure that diamond revenues do not contribute to violence, but instead to peace and prosperity. Angola was the current KP chair. “The United States reaffirmed its support for Angola’s chairmanship of the Kimberley Process,” reads a joint

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GJEPC Hosted IIJS Bharat Retailer Connect Session

New Delhi: India’s Gem & Jewellery Export Promotion Council (GJEPC) successfully hosted the IIJS Bharat Retailer Connect session at the PHD Chamber of Commerce, Delhi, on 19th Feb 2026, in association with the Maliwara Jewellers Association, Delhi Jewellers Association, Greater Kailash Jewellers Association and East Delhi Jewellers Association. Mr. Antarpal Singh Sawhney, Regional Chairman–North, inaugurated the seminar, which saw participation

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US & Japan to Invest $550 bln. on Synthetics

New York: The governments of the United States and Japan are reportedly considering directing a portion of a proposed $550 billion investment package toward establishing synthetic diamond production in the U.S., as part of a broader effort to strengthen critical technology supply chains. At the heart of the initiative is a planned synthetic diamond manufacturing facility in the United States,

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The Tariff is Illegal: US Supreme Court

Washington: US trading partners, including India, that have reached tariff deals with Donald Trump’s administration before the Supreme Court verdict, will now face a 10 per cent duty, despite higher levels they may have agreed on previously, the White House has said. The certification came after the US Supreme Court struck down Trump’s sweeping and often arbitrary duties, delivering a

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PNG Jewellers Receives IAGES Accreditation  

Mumbai: India’s gold industry is set to achieve the highest standards of ethical and responsible business practises followed, as more gold entities receive their Indian Association for Gold Excellence and Standards (IAGES) accreditation. Joining the fast-growing pan India network of verified gold retailers is the leading legacy brand PNG Jewellers (PN Gadgil Jewellers Ltd) that has received its IAGES accreditation.

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