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

Read More »

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

Read More »

Top News

Artisan Awards: 800 Entries, 12 Winners

Mumbai: Lights! Camera! Bling! With exquisite jewellery designs on display, models exhibiting artistic pieces, esteemed jury panel from the fashion world gracing the event, the semi-finals of the Artisan Jewellery Design Awards 2014 was nothing short of a fashionable event. With the underlying theme ‘100 years of Indian cinema,’ the evening saw iconic jewellery celebrate Bollywood through four iconic eras

Read More »

Tanzania to Temporarily Ban Gemstones Exports

Dar-Es-Salaam: Tanzania is to impose a moratorium, albeit temporary, on the exportation of gemstones in a bid to “strengthen” the domestic market, according to the local media. The move is also meant to transform Tanzania’s northern tourist city of Arusha into a gemstone centre. Ministry of Energy and Minerals spokesperson Badra Masoud was quoted as saying that the decision would

Read More »

EGL Asia and China's NGGC Renew Agreement

Ramat Gan: The Hong Kong-headquartered EGL Asia and NGGC, the state-owned, leading Chinese diamond grading laboratory, signed an agreement which renews and prolongs the close cooperation between the two institutions. The agreement was signed in Ramat Gan, Israel, during a visit of a Chinese delegation of representatives of the Shanghai Institute of Measurement and Testing Technology (SIMT) and NGGC. The

Read More »

Gemfields Rakes in $35 Mln From Lusaka Auction

Lusaka: Gemfields said it earned about $35 million in revenue from its latest auction of predominantly higher quality rough emerald from the Kagem emerald mine, which was held in Lusaka, Zambia. The auction, which started on 13 November ended last Monday. It said in a statement that this was the second highest revenue achieved at any higher quality auction. The

Read More »

Eminent Jury for Artisan Awards 2023

Mumbai: The second round of  Artisan Awards 2023  that ensued recently, was on actual bejewelled pieces based on design replicability and category relevance. The theme was India Moderne, divided into 3 sub-categories – Abstraction, Print, and Sculpture. The first round was on the technical screening of the illustrated designs. 28 jewellery designs were up for evaluation, of which 10 were from

Read More »

2nd IGJS Buyer-Seller Meet Inaugurated in Jaipur

Jaipur: The unveiling of the second edition of International Gem & Jewellery Show’s (IGJS) Jaipur Buyer Seller Meet was marked with a grand opening in the August presence of the Chief guest Mr. Sugrive Meena, Commissioner, Customs, Jaipur. From India’s Gem & Jewellery Export Promotion Council (GJEPC) leadership team Kirit Bhansali, Vice Chairman, Nirmal Bardiya, Regional Chairman Rajasthan, Krishna Behari

Read More »

Hallmark: More Time Given to Jewellers

New Delhi: A day ahead of the sale of gold jewellery having mandatory hallmarking with six-digit alphanumeric HUID coming into force, the government on Friday gave another three months time till June-end to 16,000-odd jewellers to sell the “declared” old hallmarked gold jewellery stock that existed prior to July 2021. A gazette notification in this regard has been issued by

Read More »

Largest Israel Diamond Exhibition Ever Opens

Ramat Gan: The 10th Israel Diamond Exhibition 2023 opened on 28th March to a record number of participants: 450 buyers from over 40 countries, on the trading floor of the Israel Diamond Exchange (IDE). This is the first Israel Diamond Exhibition since 2020. The opening ceremony held in the Rough Trading Hall of the IDE featured greetings by IDE President

Read More »

Latest Videos