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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Platinum Innovation Awards at JCK 2014

Mumbai: Platinum Guild International (PGI) has once again served a spark of inspiration and excitement with their 5th annual JCK 2014 Platinum Innovation Awards. The winners were chosen for 8 unique design categories. An “Editor’s Choice” and “Buyer’s Choice” were selected in each design category, as well as “Best in Show” Award which was selected as a culmination of all

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Final of India Jewellery Skill Competition Held

Mumbai: Mr. Surojitrana H. from Coimbatore and Mr. Vinod Kumar C. from Bangalore were selected today in a final round of the India Jewellery Skill Competition held at the India International Jewellery Show (IIJS). The Competition is being held by the Gem & Jewellery Skill Council of India (GJSCI) to decide the country’s representative at the prestigious WorldSkills International Competition

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GJEPC Donates Rs One Crore to Make A Wish India

Mumbai: Gem and Jewellery Export Promotion Council (GJEPC) organized “Jewellers for Hope” charity dinner in association with GSI, yesterday in Mumbai. Leading bollywood celebrities Kajol, Boman Irani, Siddharth Roy Kapur graced the evening hosted by Raageshwari Sachdeva-Badola in the presence of the whose-who of the gems & jewellery trade. The “Jewellers for Hope” annual charity dinner is the first edition

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India Reduces Tariff Value on Gold

New Delhi: The India government recently reduced the import tariff value on gold to USD 425 per 10 grams due to falling international prices. On the other hand, the tariff value on silver was raised to USD 690 per kg. As on June 30, the tariff value on imported gold stood at USD 428 per 10 grams and silver at

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UN Council Blacklists CAR Diamond Firm

Antwerp: The United Nations Security Council blacklisted on Thursday the Belgian branch of Central African Republic’s diamond trading company and three people linked to the country’s more than three-year-old conflict. The blacklisted diamond trading house is Kardiam, which U.N. sanctions experts say is the Antwerp, Belgium-based operation of the Central African Republic’s diamond-trading company Badica. Under UN sanctions, the firm’s

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Tzoffey's Holds First Rough Diamond Tender at IDE

Ramat Gan: Tzoffey’s 1818, the Israeli-French auction house, will hold its first exclusive African rough diamond tender August 30- September 4 at its brand new premises in the lobby of the Diamond Tower of the Israel Diamond Exchange (IsDE) complex in Ramat Gan. The rough of the upcoming tender is from Africa and includes a run-of-mine production, a wide variety

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Colombia to Host Int'l Emerald Symposium

Bogotá: Colombia will host an International Emerald Symposium in October in what is claimed to be the inaugural gathering of producer countries to address challenges facing the industry. Fedesmeraldas, the Colombian Emerald Federation, will organize the conference, which will seek to address a number of issues as well as opportunities in resource management, manufacturing, certification, nomenclature, technology, consumer education and

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NY Diamond Dealers Club Elects New Board

New York: New York’s Diamond Dealers Club has elected a new slate of officers and board members, according to a club announcement. Those elected are as follows: Reuven Kaufman, president; Israel Ashkenazy, vice-president; Abraham Einhorn, treasurer; and, Elliot Krischer, secretary. The Control Committee members are: Isaac Lesser, Charlie Oh and Ely Rosenfeld. Elected to the Board of Directors are: Moish

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