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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Forevermark Unveils Global Marketing Campaign

Mumbai: Forevermark, the diamond brand from The De Beers Group of Companies has unveiled its new global marketing campaign that aims to inspire people to renew their belief in the power of a promise and celebrate life’s most meaningful promises with a Forevermark diamond. At the heart of Forevermark is a driving belief that a promise is a powerful and

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Tara Jewellers Launches 6 Shop-in-Shop Outlets

Mumbai: Tara Jewellers has opened six more shop-in-shop format outlets showcasing certified diamond and hallmarked gold jewellery exemplifying fine craftsmanship and exquisite designs. The new outlets are located in Shoppers Stop stores in: DB City Mall, Bhopal; Elante Mall, Chandigarh; BPK Star Building, Indore; World Trade Park, Jaipur; MBD Neopolis Mall, Jalandhar; and Ambuja City Center, Raipur. The collections on

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Gold Prices May Decline to Rs 24,500 by Dec

Mumbai: Gold prices are likely to decline further to around Rs 24,500 per 10 grams by December if the rupee continues to rule at the current level, according to analysts, reports zeenews. “We expect the gold prices to remain bearish and if the rupee continues to rule at current level the yellow metal may touch Rs 24,500 level by December.

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First Ruby and Pink Sapphire Mine Coming Soon

Vancouver: Canadian junior True North Gems (TSX-V:TGX) is fine tuning details to start building an open-pit mine that will produce ruby and pink sapphire gemstones starting next year and running until at least 2024. The Vancouver-based miner, which began exploration about a decade ago, closed Thursday an $11 million finance package with joint-venture partner LSNG that will finally allow it

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IIGJ Mumbai Opens Modern Campus to Power Industry Growth

Mumbai: The Indian Institute of Gems & Jewellery (IIGJ), Mumbai, took a significant leap forward in its journey of growth with the inauguration of its newly modernized, state-of-the-art campus. The launch marks a new chapter for the institute, reinforcing its role as a centre of excellence in gems and jewellery education, skill development, and innovation. The ceremony was graced by

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Progress in Harmonization of Language used on Gemological Reports

Mumbai: The Laboratory Manual Harmonization Committee (LMHC) has reported significant progress towards its goal of achieving the harmonisation of language used on gemmological reports, following its latest meeting, which was hosted by the Swiss Gemmological Institute – SSEF, in Basel, Switzerland, in May. Following the meeting, LMHC members unanimously approved three new information sheets that standardise terminology and testing procedures, and

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GJEPC Urges Finance Minister for Urgent Relief

New Delhi: India’s Gem & Jewellery Export Promotion Council (GJEPC) leadership, led by Chairman Mr. Kirit Bhansali, along with Vice Chairman Mr. Shaunak Parikh and Executive Director Mr. Sabyasachi Ray, met the Hon’ble Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman recently to seek urgent relief measures for the gem and jewellery sector, which has been severely impacted by

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BDB Leadership Series Discusses Future of G&J Sector

Mumbai: The second edition of the Bharat Diamond Bourse (BDB) Leadership Series themed ‘Polishing Our Future’ concluded successfully with world renowned speakers attending the preparatory conference for the Gem and Jewellery Industry members. This was the third day of the three-day conference, the first two days dedicated to presentation of research papers by globally acclaimed scientists under the AGDRT (Advances

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