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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IJPM’s Construction to Begin this Month

Mumbai: The first-of-its-kind India Jewellery Park Mumbai’s (IJPM) construction will commence this month, announced Mr. Vipul Shah, Chairman, Gem & Jewellery Export Promotion Council (GJEPC) during the inauguration of the 17th edition of India International Jewellery Show (IIJS) Signature gem & jewellery trade show at Bombay Exhibition Centre (BEC), NESCO, Goregaon East. Phase 1 of India Jewellery Park Mumbai, including the

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Reena Ahluwalia Releases ‘Diamond Trails’

Mumbai: Five Diamond Stories by Five Writers. Five Diamond Paintings by Artist Reena Ahluwalia. Five Ways to Make an Impact. Globally acclaimed jewelry designer and artist, Reena Ahluwalia has released Diamond Trails, a ground-breaking diamond project at the IIJS Signature Show in Mumbai. The project is hosted and championed by GJEPC in India. Diamond Trails is a trailblazing art project

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17th Edition of IIJS Signature Inaugurated

Mumbai: Mr. Mangal Prabhat Lodha, Minister of Skill Development, Employment, Entrepreneurship & Innovation, Govt. of Maharashtra, inaugurated the 17th edition India International Jewellery Show (IIJS) Signature organized by India’s apex trade body, Gem & Jewellery Export Promotion Council (GJEPC). The inauguration ceremony was also graced by the presence of several esteemed dignitaries, including Guest of Honour Mr. Saurabh Gadgil, Managing Director

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Rajesh Rokde Elected as New Chairman of GJC

Mumbai: Mr. Rajesh Rokde has been elected as the new Chairman and Mr. Avinash Gupta the new Vice Chairman of the All India Gem & Jewellery Domestic Council (GJC), the apex body representing the Indian gem and jewellery industry. This was announced during the council’s first Board Meeting of the COA 2025 – 26 post completion of their COA elections

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IMF Urges Zimbabwe to Boost Transparency

Harare: The International Monetary Fund (IMF) stated that Zimbabwe remains committed to implementing the policies and reforms that were agreed to with an IMF-monitored program and to stay engaged with international financial institutions. The program marked its first anniversary this month and while the IMF suggested a number of guidelines to stabilize Zimbabwe’s economy, the organization also concluded that the

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Russia's Rough Exports Increased by 21.5% in 1Q

Moscow: Russia’s natural rough diamond exports increased 21.5 percent on the year to 12.01 million carats in the period from January to March, the Finance Ministry said on Monday. Diamond imports dropped 2.6 times in carat terms to 8,040 carats. In monetary terms, Russia’s diamond exports rose 20.6 percent to $1.41 billion while imports halved to $16.5 million, PRIME reports.

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Raise Import Payment Credit to 180 Days: GJEPC

New Delhi: With expectations running high from the first budget of the Narendra Modi government at the Centre, a delegation of diamond traders and representatives of Gems and Jewellery Export Promotion Council (GJEPC) today met the Union Finance Minister, Arun Jaitley in New Delhi demanding relaxation in various rules relating to gems and jewellery industry. However, gold importers may feel

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Suresh Shah New VP of IDMA

Antwerp: With the wrap-up of the 36th World Diamond Congress, the International Diamond Manufacturers’ Association (IDMA) concluded its meetings with the election of its officers. Maxim Shkadov was unanimously re-elected for a second term as IDMA President and Ronnie VanderLinden and Stephane Fischler were re-elected as Secretary General and Treasurer, respectively. IDMA Vice President Edward Asscher, who was recently elected

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