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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Gaetano Cavalieri Addresses ECOSOC

Milan: CIBJO President Gaetano Cavalieri has addressed the High Level Segment of the UN Economic and Social Council in New York, and in his presentation stressed the commitment of both CIBJO and the international jewellery sector to assisting the United Nations meet its development goals. Dr. Cavalieri was addressing the annual keynote gathering of the UN agency as the head

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5th Edition of IIJW Inaugurated in Mumbai

Mumbai: After completion of four successful years, the 5th edition of India International Jewellery Week, popularly known as IIJW, was inaugurated this morning in Mumbai by Mrs. Rashmi Thackeray. Present at the inauguration were Mr. Vipul Shah, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC), Mr. Pankaj Parekh, Vice Chairman of GJEPC and other degnitories. Conceived and conceptualized

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HRD Antwerp Adjusting Parameters of Cut Grade

Antwerp: HRD Antwerp is to adjust the proportion parameters of its Cut Grade, with changes taking place as of July 14. The Belgian lab said it is making the move “in order to be more compliant with the market standard, while maintaining the highest-quality grading standards that HRD Antwerp is known for”. “The HRD Antwerp Cut Grade is based on

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Gold, Diamond Deposits Traced in Odisha

Bhubaneswar: Geological survey has revealed deposits of a variety of gem stones, gold and diamond in Boudh district in India’s Odisha state, Steel and Mines minister Prafulla Kumar Mallick informed in the State Assembly here on Friday, according to a report published in Odisha Sun Times. Replying to a question by Mahidhara Rana, he said as informed by the Steel

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GJEPC Organizes INNOVNXT 40 UNDER 40

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has organized INNOVNXT 40 UNDER 40 SESSION on 25th June. It is an initiative by GJEPC to recognize and celebrate 40 young innovators in the jewelry industry, under the age of 40, who are driving growth through new-age marketing techniques and adaptability. The program aims to foster industry growth by equipping the

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WFDB Praises Luanda Accord to Support Natural Diamonds

Antwerp: The World Federation of Diamond Bourses expressed full support for the Luanda Accord, the agreement reached last week among major diamond-producing countries and trading centers to fund the promotion of natural diamonds, in a meeting in Luanda, Angola. All the signing parties have agreed to contribute 1% of the annual revenue they generate from rough diamonds to the Natural Diamond

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GIA Appoints Pritesh Patel as President & CEO

Mumbai: The Board of Governors of the Gemological Institute of America, Inc. (GIA) has named Pritesh Patel, currently GIA’s Chief Operating Officer, as the Institute’s President and Chief Executive Officer, effective August 4, 2025, according to a press release. Mr. Patel succeeds Susan M. Jacques, GIA’s President and CEO since 2014, who will continue at GIA as a strategic advisor

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Stage is Set for Platinum BSM in Kochi

Mumbai: All roads now lead to the Platinum Guild International (PGI) – India’s 8th annual flagship event, the Platinum Buyer-Seller Meet (BSM). Scheduled to take place on June26th and 27th, 2025, in Kochi, this marquee industry event will bring together leading retail and manufacturing partners across India’s platinum jewellery industry to showcase innovation, foster strategic partnerships, and drive category growth in a dynamic

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