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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
GJEPC Seeks Govt Intervention on US’ Reciprocal Tariff Proposal
New Delhi: Top representatives of India’s gems and jewellery sector have urgently briefed Commerce Secretary Mr. Sunil Barthwal, IAS, on the potential repercussions of the United States’ recent notice regarding reciprocal tariffs. The delegation, led by Mr. Shaunak Parikh, Vice Chairman, GJEPC, along with Mr. Adil Kotwal, President, Seepz Gem & Jewellery Manufacturers’ Association (SGJMA), and Mr. Sabyasachi Ray, Executive
1094 Ct. Seriti Diamond Arrives in Antwerp
Antwerp: HB Antwerp has welcomed Seriti, a genuinely extraordinary 1,094-carat rough diamond unearthed from Lucara’s world-renowned Karowe mine in Botswana. Seriti has now arrived in Antwerp, a true force of nature, where HB expert artisans powered by our advanced proprietary technologies will reveal its full potential. This historic find marks the sixth diamond exceeding 1,000 carats recovered from Karowe, reaffirming the mine’s status
GJEPC Meets FM to Discuss Industry Key Issues
New Delhi: Leaders of India’s Gem & Jewellery Export Promotion Council (GJEPC) met with the Finance Minister (FM) Mrs. Nirmala Sitharaman, to discuss pressing issues and the way forward for the gem and jewellery industry. Mr. Kirit Bhansali, Chairman, GJEPC, and Mr. Shaunak Parekh, Vice Chairman, GJEPC, along with Mr. Sabyasachi Ray, Executive Director, GJEPC, engaged in a courtesy meeting
GJC’s First Labham Seminar in Ahilyanagar
Ahilyanagar: The All India Gem & Jewellery Domestic Council (GJC) successfully organized its flagship knowledge-sharing event this week, the Labham Seminar, at Hotel Raj Palace in Ahilyanagar. This was the first-ever Labham Seminar held in Ahilyanagar, conducted in collaboration with the Gold Jewellers Council – Ahilyanagar, a prestigious association dedicated to the growth and prosperity of the local jewellery trade.
New UK Guidelines to Boost Ethical Sourcing of Jewellery
London: New guidelines in the UK are set to help boost ethical sourcing of jewellery. The recommendations from the government are to make retailers and producers aware of human rights abuses that take place in their supply chains. Gold, diamonds and other precious stones and metals are often sourced from areas in Africa and South America where labourers face appalling
GJEPC Had Successful Diamond Week in New York
Mumbai: The Diamond Dealers Club (DDC) and the Gems & Jewellery Export Promotion Council (GJEPC) have praised the success of the first India Diamond Week held at the bourse last week. The DDC said that “significant business transactions and new connections were made on the DDC’s trading floor by U.S. and overseas participants”. “The four-day exhibition, following on the heels
India's Gold Curbs Likely to Stay Till Next Year: WGC
Mumbai: Indian gold demand in 2014 will fall below last year’s record levels as import restrictions are expected to remain in place, despite an improvement in demand in the second half of the year, the World Gold Council (WGC) said. Indian demand in 2014 will be 850-950 tonnes, the industry body said, down 50 tonnes from its earlier forecast. China’s
Global Gold Jewellery Demand Sank by 30%
London: U.S. demand for gold jewelry rose 15 percent in the second quarter of 2014, even as overall worldwide demand took a nosedive, according to the World Gold Council’s latest report on the sector. The increased U.S. demand was fueled by lower price points and increased consumer confidence, as well as the fashion business increasingly using yellow gold, says Alistair
