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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Diamonds worth Crores Stuck in US Labs

Mumbai: An unprecedented delay by US-based Gemological Institute of America (GIA) in certifying of polished diamonds is worrying diamantaires in Surat and Mumbai, who are now facing liquidity problems due to shortage of gems to sell in the market, reports The Times of India. The diamond sized below one carat (the most popular category) that are sent to Carlsbard and

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GIA Team Uncovers Gemstone Treasures in Brazil

Brasilia: Field researchers from the Gemological Institute of America (GIA) journeyed to gemstone mining areas in Brazil from March 31 to April 17 this year, gathering information on the current state of coloured stone mines in the region. Focusing specifically on emerald and tourmaline, the research team had the opportunity to visited Minas Gerais, Rio Grande do Norte and Paraiba

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GJEPC Welcomes Export Promotion Mission, SEZ Revival

Mumbai:Announcing the reforms and budget for 2014-15, the Finance Minister, Mr. Arun Jaitley has maintained the populist front, announcing various small measures and state level schemes however none of them promise any major impact on the gem & jewelry sector, the Gem & Jewellery Export Promotion Council (GJEPC) has said in an official statement. “The industry is happy that our

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GJF Expresses Deep Anguish over Union Budget

Mumbai: Indian gems and jewellery Industry is extremely disappointed with the Union Government Budget Proposals as the finance ministry did not consider their plea of reducing the import duty component on gold and also abolish the stringent 80:20 norms. “The union finance minister Mr. Arun Jaitley has ignored the plight of the trade in spite of several representation and meetings

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‘JOSH’ Holds Convocation Ceremony

Mumbai: The Jewellery Occupational Skilling Hub (JOSH), the first-ever industry-funded, state-of-the-art training centre of the Gem & Jewellery Skill Council of India (GJSCI), held its convocation ceremony at Bharat Ratnam Mega CFC SEEPZ, Mumbai on 12th February. The event celebrated the graduation of 136 candidates, comprising the ninth batch of regular trainees and the second and third batches of Specially Abled

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Mehul Shah Elected Chairman of GII

Mumbai: The Gemmological Institute of India (GII), incorporated in 1971, has a long history of serving the diamonds, Gems & Jewelry sector by providing laboratory services, diamond detection, certification, research and education and onsite testing. GII has its own diamond detection machine Q CHECK. GII is also a pioneer in terms of certifying color gemstones. GII is a joint initiative of

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Gold Prices on Down Trajectory

Mumbai: The price of gold continued its downward trajectory for the third consecutive day in India, reflecting a mix of domestic and global market influences. The decline in gold prices is evident across major markets. In Delhi, 10 grams of 24-carat gold is priced at Rs 76,963, a sharp drop from Rs 78,003 recorded yesterday. In Chennai, the price stands

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Platinum Love Bands Launches ‘SeaItwithPlatinum’

Mumbai: The month of love calls for a celebration that is as rare and meaningful as the bond it honours. This Valentine’s Day, Platinum Love Bands by PGI India unveils its ‘SealItWithPlatinum‘ campaign, capturing the essence of love that is rare, precious, and everlasting—just like platinum. The campaign beautifully captures the journey of modern relationships—where love is a choice made every day, built on

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