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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
Gemfields Held Auction of Unsold High Quality Emeralds
London: Gemfields has generated $4.8-million in revenue from a mini auction, held from February 19 to 21, of previously unsold higher-quality emeralds. The Gemstone miner says 10 of the 13 lots on offer were sold, with 45 864 ct sold out of the 59 192 ct on offer. An average sales price of $105.49/ct was achieved. Gemfields product and sales MD Adrian Banks said
India Takes Centre Stage as Partner at INHORGENTA
Munich: India proudly takes centre stage as the role of official partner country at INHORGENTA 2025, marking a pivotal moment in the global gem and jewellery industry. The show, INHORGENTA 2025, was inaugurated at the India Pavilion recently by Mr. Shatrughna Sinha, IFS, Consul General of India, Munich; Mr. Kirit Bhansali, Chairman, GJEPC; Mr. Stefan Rummel, CEO of Messe München;
Zambia Suspends 15% Duty on Gemstones
Mumbai: Gemfields Group Limited, a leading coloured gemstone miner, has welcomed the Zambian government’s decision to suspend the 15% export duty on precious gemstones and metals, a move set to benefit the country’s emerald industry significantly. The suspension, was issued by Zambia’s Minister of Finance, Dr. Situmbeko Musokotwane, and takes immediate effect. As a result, the duty will no longer
Kirit Bhansali Elected Chairman, Shaunak Parikh VC of GJEPC
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), the country’s apex nodal trade body, announced the appointment of Mr. Kirit Bhansali as Chairman; Mr. Shaunak Parikh as Vice Chairman and announced the constitution of new Committee of Administration (COA) after the completion of the COA Election 2024. Mr. Kirit Bhansali said, “Our vision is to drive transformative growth for India’s gem and
Edward Asscher Re-Elected as RJC Vice Chair
London: Edward Asscher is re elected as the Vice Chairman of the Responsible Jewellery Council (RJC). Mr. Asscher has served in the role for the past four years. In 2024, Asscher was a nominee for the chairman position. However, he ultimately lost the vote to Richline CEO Dave Meleski and remained vice chairman. Though Asscher retired in 2020 after five decades at the helm of family-run
NDC Welcomes GJEPC Membership
Las Vegas: India’s Gem & Jewellery Export Promotion Council (GJEPC) has recently joined the Natural Diamond Council (NDC). The NDC announced membership of GJEPC, making it the first industry body to progress toward NDC membership under the Luanda Accord framework. The milestone follows GJEPC’s signing of the Luanda Accord in June 2025 and the Memorandum of Understanding during the second
Sky Gold & Diamonds Delivers Robust FY26 Performance
Mumbai: Sky Gold & Diamonds, a leading gold manufacturing company and a key partner to retail chains such as Tanishq, Kalyan Jewellers, and Malabar Gold & Diamonds, has declared its Q4 & FY26 Results. The company has reported a robust FY26 performance with consolidated revenue rising 77.4% YoY to ₹6,295 crore and PAT increasing 112.4% YoY to ₹282 crore, supported by strong execution, improving margins and operational
JewelStart Industry Innovation Challenge 2026 Launched
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), in collaboration with SINE, IIT Bombay, has launched the first edition of the JewelStart Industry Innovation Challenge 2026, a national platform aimed at bringing startup-led innovation into India’s gems and jewellery sector. The challenge invites startups, innovators and technology solution providers to address pressing industry needs across the jewellery value chain,
