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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Rio Tinto’s Red & Pink Diamonds Tender in HK

Hong Kong: Rio Tinto’s iconic annual Argyle Pink Diamonds Tender, comprising the best of a year’s production of extremely rare red and pink diamonds, is being hosted in Hong Kong during the final leg of a global showcase tour. Almost the entire world supply of rare pink diamonds comes from Rio Tinto’s Argyle diamond mine in the remote east Kimberley

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De Beers Diamond Jewellers to Begin Campaign

Gaborone: De Beers Diamond Jewellers’ new brand advertising campaign will launch in October 2014. The campaign is a key milestone for the jeweler, which epitomizes natural beauty and brings to life the power and grace of the brand. The campaign features Andreea Diaconu, who was chosen for her natural beauty and elegant charm. Diaconu was photographed for the campaign by

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Petra Diamonds 14 Output Crosses Expectations

Johannesburg: Petra Diamonds, which has operations in South Africa and Tanzania, lifted its full-year production by 17 percent to 3.1 million carats in the fiscal year ended 30 June 2014. This was slightly ahead of market expectations of 3 million carats, the company said in a statement emailed to Rough & Polished. Petra said it was on track to mine

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India, China Driving Demand Growth for Diamonds

Hong Kong: Surging demand for diamonds in China and India may see the two countries match the size of market in the U.S., the biggest consumer, by 2020, reports Bloomberg. “We will see strong growth in India as soon as the country gets its house in order with the new government,” Jean-Marc Lieberherr, managing director of Rio Tinto Group (RIO)’s

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India Takes Steps to Revive Jewellery Exports

Mumbbai: The Gem & Jewellery Export Promotion Council (GJEPC) has been actively addressing the concerning decline in India’s gem and jewellery exports, which witnessed a significant drop of 36% in April and 16% in May (in dollar terms). To counter this downward trend, the GJEPC has made multiple representations to the Government of India, urging it to prioritise and support

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Gift Forevermark Cufflinks on Father’s Day

Mumbai: With Father’s Day just around the corner, it’s time to appreciate the role fathers play in our lives with a gift that speaks to their personal style and enduring presence. A pair of exquisitely crafted cufflinks from the De Beers Forevermark Icon™ Collection holds the perfect symbolism to mark this occasion.  The cufflinks from this collection shine brilliantly like stars

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CIBJO President Honored with Award

Milan: CIBJO President Dr. Gaetano Cavalieri has received the 2023 IPMI Jun-ichiro Tanaka Distinguished Achievement Award in recognition of his contribution to the precious metals industry. The award was made by Koichiro Tanaka, CEO of the Tokyo-headquartered Tanaka Group, during the 47th Conference of the International Precious Metals Institute (IPMI) in Scottsdale, Arizona, USA, on June 13. The Jun-ichiro Tanaka

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6th Platinum BSM from 6 to 7 July

Mumbai: Platinum Guild International-India (PGI) has announced the highly anticipated 6th edition of its prestigious flagship event, the Platinum Buyer-Seller Meet (BSM). The event will be held on 6th and 7th of July 2023 and will bring together official platinum jewellery manufacturers and retailers under the PGI programme to facilitate business growth and networking opportunities. As platinum jewellery continues its aggressive growth

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