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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PDE President to Present Project in India

Panama: With more than 40 of the 59 available offices in the Phase 1 building of the Panama Gem & Jewelry Center already accounted for, Erez Akerman, President of the Panama Diamond Exchange (PDE), is visiting the Indian cities of Mumbai and Surat, and then New York, where he is meeting with companies interested in obtaining space in Latin America’s

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Bunder’s Education Initiatives Deliver Strong Results

Bhopal: Rio Tinto’s Bunder project in the central Indian state of Madhya Pradesh announced the results of a number of educational initiatives aimed at improving opportunities for families in the 15 communities surrounding the diamond project. Through a range of coaching initiatives and adult education programs the Bunder project is working towards its goal of enhancing opportunities in the local

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The 31st Edition of IIJS Ended with Success

Mumbai: The 31st Edition of India International Jewellery Show (IIJS) ended today with a success note. The show was organized from 17th to 21st July 2014 by the Gem & Jewellery Export Promotion Council (GJEPC) with over 850 plus exhibitors occupying about 1800 booths from India and Overseas. Over 35,000 genuine buyers from all over India and abroad visited the

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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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NDC, Condé Nast Traveller Launch Diamond Standard List

Mumbai: The Natural Diamond Council (NDC) in collaboration with Condé Nast Traveller has released The Diamond Standard List recognising the best jewellery brands in the Indian industry. A pioneering initiative, this special index curated by the editors is a part of the magazine’s revered Gold List 2022. Celebrating extraordinary craftsmanship and remarkable experiences, this list recognises jewellers who have set the

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Narendra Modi to Receive Lata D. Mangeshkar Award

Mumbai: India’s Prime Minister Mr. Narendra Modi is set to be honoured with the first Lata Deenanath Mangeshkar Award at the 80th annual Master Deenanath Mangeshkar Awards ceremony on April 24. The award was instituted in the memory and honour of legendary singer Lata Mangeshkar who passed away at the age of 92 years in Mumbai earlier this year. The

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US Expands Sanctions on Alrosa

Washington: The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) last week “designated Alrosa” with the aim of cutting off additional sources of support and revenue for the Russian Government to wage its unprovoked war against Ukraine. “These sanctions will continue to apply pressure to key entities that enable and fund Russia’s unprovoked war against Ukraine,” said

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OIJIF II Invests in Senco Gold & Diamonds

Oman: Oman India Joint Investment Fund II (OIJIF II) announced that it has invested ~INR 75 crores in Senco Gold Limited, a pan India jewellery retailer based out of Kolkata. Senco Gold operates 127 showrooms across the country. In eastern India it is the largest organised jewellery retail player. Senco has been rated as the 2nd most trusted Jewellery brand in India

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