We Wish to Build Globally Relevant SKY Gold: Akash Talesara
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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
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
Top News
Scotiabank Named in Silver Price-Fixing Lawsuit
New York: A U.S. investor has accused the Bank of Nova Scotia, Deutsche Bank and HSBC of engaging in an ongoing conspiracy to fix the price of silver, reports thestar.com. Investor J. Scott Nicholson alleges that thousands of small investors around the world have been put at a disadvantage by the secretive way in which prices for the physical metal,
Anglo May Sell Nine Mines
Gaborone: Anglo American, whose chief executive Mark Cutifani is reviewing assets to divest non-performing businesses, may announce at least nine more mines for sale, according to Standard Bank. Anglo, which reports first-half earnings today, has said it was seeking to improve its return on capital to at least 15 percent by 2016 from about 8 percent in June 2013. Cutifani
De Beers Unveils Sightholder Logo
Gaborone: De Beers has unveiled a new logo for clients to signify they are part of the company club. The new sightholder logo is built around an S in a circle, with a diamond-like icon in the middle, over the word sightholder in large letters, and “of the De Beers Group of Companies” in smaller letters. (The old identifier, “Family
Pandora to Celebrate Women around the World
New York: Jewellery brand Pandora has launched a new initiative that it says will celebrate the selfless work women do within their communities and around the world to improve the livelihood of women and children. Called the Pandora Hearts of Today, the program will give the brand the opportunity to support a variety of women-focused charitable programs. To help identify
GJEPC Employees Embrace Hindi in Nationwide Language Competition
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) conducted a special programme to encourage greater use of Hindi among its employees on 12 June. As part of this initiative, a Hindi Sentence Formation and Translation Competition was organized across various GJEPC offices. The objective of the contest, organised by the Council’s Rajbhasha (Official Language) Department, was to motivate employees to use
Gemfields Successfully Completed Rights Issue
London: Gemfields Group Limited (GGL) has successfully completed its fully underwritten Rights Issue, raising approximately USD 30 million through the issuance of 556,203,396 new shares. The capital raise was initially announced on April 11, 2025. The Rights Issue received strong investor interest, with valid acceptances submitted for 458,330,512 new shares—representing around 82.40% of the total offering. The remaining 97,872,884 shares
New Method Discovers Unknown Precious Coral Species
Zurich: A refined DNA-based method to distinguish look-alike “precious corals” used in luxury jewellery, developed by a joint team from the Swiss Gemmological Institute SSEF and the Zurich Institute of Forensic Medicine at the University of Zurich, has uncovered a precious coral species hitherto unknown in the gem trade and to science. It belongs to the Pleurocorallium norfolkicum species complex. “Several precious
GJEPC Expresses Deep Sorrow over Vijay Rupani’s Demise
Mumbai: The former Chief Minister of Gujarat Mr. Vijay Rupani has died in the ill fated plane crash yesterday. He was travelling to London from Ahmedabad by an Air India flight. India’s Gem & Jewellery Export Promotion Council (GJEPC) has expressed profound grief over the untimely and sad demise of the departed leader. The condolence message issued by the GJEPC
