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

Viewing of 122.52-Ct Blue Diamond to Start Soon

Johannesburg: Petra Diamonds will shortly start the viewing process for the sale of the exceptional 122.52-carat blue diamond that it recovered in June at the Cullinan mine in South Africa. The viewing process will open on Monday, August 18, and will close on Friday, September 12, when offers from prospective buyers are to be submitted. Appointments to view the stone

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Rio Tinto Showcases Rare Red & Pink Diamonds

Perth: Rio Tinto’s iconic Argyle Pink Diamonds Tender has been unveiled during a world exclusive preview in Sydney, with the 2014 collection boasting a record four rare Fancy Red diamonds. Celebrating the 30th anniversary of the world’s most anticipated diamond sale, the 2014 Argyle Pink Diamonds Tender collection comprises 55 diamonds, including 51 pink and purplish red diamonds and four

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NY DDC Opens India Diamond Week

New York: The Diamond Dealers Club (DDC) of New York, in conjunction with the Gem & Jewellery Export Promotion Council (GJEPC), greeted yesterday close to 100 exhibitors at its first India Diamond Week on the DDC’s trading floor in Manhattan. DDC’s president, Reuven Kaufman, is creating a renaissance of the diamond trading floors by welcoming diamantaires from India, the manufacturing

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Global & Indian Firms Interested in Surat Bourse

Surat: Diamond companies from Belgium, Dubai, Israel and Hong Kong are interested in joining the proposed Surat diamond exchange and have applied for membership, according to Dinesh Navadiya, president of the Surat Diamond Association (SDA), reports The Economic Times. The proposed exchange, is likely to be almost as large as Mumbai’s Bharat Diamond Bourse (BDB), and the government is in

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Gems Keep Giving Partners with Petramundi & Margherita Burgener

New York: Gems Keep Giving is thrilled to announce a special collaboration with renowned Italian brands Petramundi and Margherita Burgener to launch a one-of-a-kind jewelry project to support mining communities worldwide. The centerpiece of this initiative is a limited edition of ten GemsKeepGiving pins, beautiful pieces of unisex jewelry designed to raise funds for the organization’s mission to promote sustainable

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3rd BSM Brazil on 14-15th May 2025

Sao Paulo: The third edition of the prestigious BSM Brazil 2025 event is set to take place on May 14th and 15th, 2025, in São Paulo, bringing together the world’s top diamond, gold, and jewelry companies for an extraordinary two-day exhibition and networking experience. This groundbreaking event will mark a new chapter for the South American jewelry industry, as it is the

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AWDC and Belgian Govt. Engage in Constructive Dialogue 

Davos: The leaders from Antwerp’s diamond industry participated in a panel discussion at Belgium House during the World Economic Forum in Davos. Representing the industry were Karen Rentmeesters, CEO of Antwerp World Diamond Centre (AWDC), and Ravi Bhansali, Vice President of AWDC. They joined Belgian Minister Annelies Verlinden, Head of Belgian Customs Kristian Vanderwaeren, and De Beers CEO Al Cook

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WFDB Denies Claim that ADE is Affiliated Bourse

Antwerp: The World Federation of Diamond Bourses (WFDB) has officially denied a claim made by Philux Global Group, which is raising funds from the public for investment in the Asian Diamond Exchange (ADE), among other projects, that this purported diamond exchange is affiliated with the WFDB.  The WFDB, founded in 1947, is the official association of diamond bourses internationally. Today

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