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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
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
Top News
No Solace in Budget for India's Jewellery Sector
Mumbai: India’s Finance Minister Mr. Arun Jaitley has not given any relaxation in his first budget today as far as import duty on gold is concerned, within 45 days of forming of the Narendra Modi government. Mr. Jaitley surprised bullion markets by keeping the import duty on gold and silver unchanged at 10% in his fiscal budget, a move likely
RJC to Hold Session at IIJS Educational Program
Mumbai: The Responsible Jewellery Council (RJC) will be taking part in the educational program of the July 17-21 India International Jewellery Show (IIJS). The program, organized by the Gem & Jewellery Export Promotion Council (GJEPC), and sponsored by Gemological Science International (GSI), will host a series of industry experts during the four day educational series entitled Spectrum Seminar – Innovate
Myanmar Sells $3bn in Gems
Naypyidaw: Myanmar’s annual gem emporium took in more than $3 billion this year, the most ever for the country’s annual sale of gems and jade, organizers said Tuesday. Income reached $3.4 billion and saw the successful auction of 6,007 of 7,454 jade lots, 126 out of 436 gem lots and 224 of the total 342 pearl lots, they said. “This
Forevermark Hosted Forum 2014
Jaipur: Forevermark, the diamond brand from De Beers group hosted the 3rd Annual Forevermark Forum in The Pink City to celebrate the brand for the year 2014. The three day interactive forum held from 02nd till 04th June 2014 in the city of Jaipur for its key associates & stakeholders was a massive success and was attended by India’s leading
Gem-A Offers New Coloured Stones Grading Course
London: The Gemmological Association of Great Britain (Gem-A) has announced the official introduction of its brand new Coloured Stones Grading Course as launched at their annual Conference from 1 -4 November 2014, at the Business Design Centre, Islington. The new course, run in association with colour communication and gem grading specialists, Gemewizard, is designed to provide jewellers, gemmologists and enthusiasts
India may Announce Budget Sops
Mumbai: India’s gems and jewellery sector, one of the focus areas of the government’s ambitious ‘Make in India’ programme, may get incentives in the Union Budget next month. The sector contributes significantly to growth in the country’s overall exports and has been identified by the government as one of the 25 focus segments for ‘Make in India’ campaign. Commerce and
DDE to Host Second Diamond Conference
Dubai: The Dubai Diamond Exchange (DDE) has announced that it will host the second Dubai Diamond Conference. The agenda will include panel discussions on business development in Africa, ethics, finance and synthetic diamonds. The two-day event will include speakers from Africa, the Middle East and Asia, including several ministers of Mines and Mineral Resources from leading African diamond producing countries.
Indian Jewellery Firms Struggle to Get Credit
Mumbai: Jewellery firms are finding it increasingly hard to get credit to import raw material and ship out their wares as banks tighten the screws, worried about defaults and sharp practices in the sector, reports Business Today. The problem has become so acute that jewellery industry executives are sitting down for talks next Tuesday with finance ministry officials, said Bachhraj
