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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8 Diamond Companies Partner with NDC

Mumbai: The Natural Diamond Council (NDC) has announced a major partnership with eight of the world’s most influential diamantaires. For the first time since the inception of the NDC (formerly the Diamond Producers Association), a collective agreement has been reached with a significant number of major businesses in the natural diamond value chain. This strategic alliance between the NDC and

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KP Plenary Session Ends with a Positive Note

Victoria Falls: The 2023 Intersessional Meeting of the Kimberley Process concluded yesterday in Victoria Falls, Zimbabwe. Addressing the Closing Session of the gathering, World Diamond Council President Feriel Zerouki was positive about headway having been made during the four-day event. “Decisions of the Kimberley Process are taken at Plenary Meetings, and so the goal of the Intersessional is to record

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Sir Gabriel ‘Gabi’ Tolkowsky Passes Away

Antwerp: Sir Gabriel “Gabi” Tolkowsky, one of the world’s most revered diamond cutters, has died at 84, friends and family wrote on social media on Monday. Born in Tel Aviv in 1939, Tolkowsky was from a family steeped in the diamond industry. He learned the trade from father, Jean, who had a diamond-polishing factory in Israel — an education that

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Sabyasachi Ray Appointed Member of PMAC

New Delhi: The Indian Government has announced the establishment of an independent Precious Metals Advisory Committee (PMAC) at the International Financial Services Centre Authority (IFSCA) to enhance the development of the precious metals’ ecosystem in the Gujarat International Finance Tec-City (GIFT-IFSC) and India’s overall gold economy. The PMAC will play a pivotal role in providing insights and recommendations on various

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