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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GJF Launches Monthly ‘G&J Times’

Mumbai: The All India Gems and Jewellery Trade Federation (GJF), the national trade federation for the promotion and growth of trade in Gems and Jewellery (G&J) Industry across India, hosted an exciting 6th edition of its signature GJF NITE 2014 in Mumbai. The fun filled, entertaining and musical fashion extravaganza event, presented by R. M. Jewellery and powered by CVM,

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India to Continue Gold Import Curbs

New Delhi: Curbs on gold import are likely to remain in place with Finance Minister Arun Jaitley today saying the government is inclined to continue with this measure along with other steps taken by the previous UPA regime for controlling the widening CAD as they have worked. “Each step is being continued…efforts are being made to continue each of these

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IGI Announces Mobile App, Jaipur Lab

Mumbai: The International Gemological Institute (IGI) launched its new consumer mobile application for Android/iOS titled “my Diamond my Jewelry” at the India International Jewellery Show (IIJS) in addition to offering a live grading lab. During the show, IGI also detailed the opening of its next grading laboratory and education institute in Jaipur that will cater to the Rajasthan and North

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AWDC Participates in the Mine Entra Fair

Antwerp: The Antwerp World Diamond Centre (AWDC), the world leader in diamond trade, participates in the Mine Entra exhibition in Zimbabwe for the first time. “Now that the European sanctions are lifted, the way is open for intensive collaboration between Zimbabwe and the main commercial center for diamonds,” said Ari Epstein, CEO of the Antwerp World Diamond Centre. 84% of

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CPAI Asks to Increase Gold Purity Testing Centres

New Delhi: The Commodity Participants Association of India (CPAI) on Monday asked the Indian Government to increase the gold purity testing centres from 350 at present to 3,500 under the Gold Monetization Scheme (GMS), reports Busines Standard. It also suggested that the interest rate for the gold deposit scheme should be “decided in a manner that it is neither be

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GJF to Hold PMI Meet in Goa from 23rd June

Mumbai: All India Gems & Jewellery Trade Federation (GJF) the country’s leading national trade body of gems & jewellery will host the next “Preferred Manufacturers of India” (PMI) buyers and sellers meet from Tuesday June 23rd June to Thursday 25th June 2015 at the Grand Hyatt in Panaji, Goa. The Goa meet marks the last event of the 2nd Edition

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Gem-A Council Respond to EGM Petition

London: The Council of Gemmological Association of Great Britain (Gem-A) is well aware of concerns expressed by some members about a lack of transparency at Gem-A following the decision of the Board not to proceed with an AGM on 24 June. There have been calls for an EGM. The decision not to proceed with an AGM on 24 June was

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GJF Donates 1.23 Crores to PM National Relief Fund

New Delhi: The All India Gems & Jewellery Trade Federation (GJF) on behalf of Jewellery community in India has handed over a cheque of INR 1.23 crore towards relief works of the Nepal earthquake victims. Mr. Manish Jain, Chairman of GJF handed over the cheque to Shri. Amit Shah, BJP President in New Delhi on 11 June, 2015. Appreciating the

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