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

Rare Pink Diamond Ring Snatched

Perth: On Sept. 27, a rare pink diamond ring worth $577,000 was stolen during a viewing day at an auction house, according to a statement from police in New South Wales, Australia. Local news reports say the pink and white diamond ring, which held a rare pink gem excavated from Australia’s Argyle mine, was snatched from a counter during a

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GIA Drops Fees on Synthetics Screening

New York: Gemological Institute of America (GIA) has dropped fees on its screening services for smaller diamonds to check if they are treated or synthetic. The service screens parcels of D-to-Z diamonds and colored diamonds up to 0.2 ct. The new fee structure reduces the existing per-stone fee from $12 to $10 for diamonds between 0.06 and 0.2 ct. and

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About 200 Tonne Gold may Enter India Illegally

New Delhi: The World Gold Council (WGC) speculates that out of India’s total gold import demand in 2014, almost 20 per cent would be served through the grey market. “The total demand in 2014 is estimated to be between 850-950 tonnes, out of which upwards of 200 tonnes is likely to be served by the grey market,” said Somasundaram PR,

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ALROSA Mulls Partnering with Jewelers

Moscow: ALROSA is considering the option of attracting renowned jewelry producers as strategic partners for its cutting and polishing facilities, the company reported. The announcement followed an executive committee meeting which looked at prospects for the development of its cutting and polishing business. The company did not specify which strategic partners in the diamond sector it was considering. However, ALROSA’s

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DHL Signs MoU with GJEPC

Mumbai: DHL Express, the world’s leading international express services provider, has signed a Memorandum of Understanding (MoU) with the Gems and Jewellery Export Promotion Council (GJEPC) to ship India-crafted jewellery via courier mode, leveraging DHL’s time-definite international (TDI) delivery service. As the first international logistics provider to sign an MoU with GJEPC, DHL will support local jewellery and gem makers

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Inaugural DIDGC from January 29

Doha: The inaugural Doha International Diamond & Gem Conference (DIDGC) will be held in Doha , the capital of Qatar, at The Ned, from January 29 to 31st 2025. “The conference endeavours to be different from other global industry events staged over the past few years. We are fully aware of the recent structural changes that have taken place throughout the diamond and gemstone supply

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Entries Open for Sustainability Awards 2025

Hong Kong: Informa Markets Jewellery’s Sustainability Awards by JWA (Jewellery World Awards) is back this year with a redefined set of categories! Recognising sustainability champions in the fine jewellery, gemstone and related industries, the Awards are open for entries from today until 7 April (6pm, Hong Kong Time). “Previously known as the JNA Awards, JWA was launched by Informa Markets

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IIJS Celebration & Award Night

Mumbai: Renowned Bollywood singer Javed Ali set the stage on fire with his electrifying performance at IIJS Celebration Night at Jio World Convention Centre on 4th Jan on the eve of IIJS Signature organized by India’s Gem & Jewellery Export Promotion Council (GJEPC). The crowd went ballistic when he started singing the popular Bollywood numbers! An entertaining night that left

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