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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EU Slams KP Inaction on Russian Diamonds

Dubai: The European Union (EU) has expressed deep disappointment over the failure of the Kimberley Process (KP) to address the implications of Russia’s war in Ukraine on the global diamond trade, marking the third consecutive year of inaction. The EU, in a statement released on 18th November, criticised the KP’s inability to confront the issue, which has significantly eroded the process’s

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CIBJO Partners with Kering to Launch Design Award

Milan: The World Jewellery Confederation (CIBJO) is partnering with the Kering group of luxury brands in the launch of Kering Generation Award X Jewelry. Aiming to support visionary talent whose work demonstrates excellence in sustainable design and practices in jewellery-making, the international contest will be coordinated by Poli.Design, a consortium of Politecnico di Milano, Italy’s leading technical university. It will

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India Allows Jewellery Exports from Amritsar

New Delhi: The Ministry of Commerce & Industry has issued an update in the Gazette of India has announced an important amendment to the Handbook of Procedures, 2023, to further streamline jewellery exports. The Directorate General of Foreign Trade (DGFT) issued a public notice dated 13th November adding Amritsar Airport as an authorized export point for gold, silver, and platinum

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Celebrate Int’l Men’s Day with MS Dhoni Signature Collection

Mumbai: This International Men’s Day, experience MS Dhoni’s most admired values and characteristics embedded in every smooth curve, fluid design and bold lines of Men of Platinum’s recently launched MS Dhoni Signature Edition. This iconic collection by Platinum Guild International (PGI) India’s Men of Platinum encapsulates Dhoni’s inspiring journey as well as his unmatched character and greatness with the resplendence of rare and

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Global Diamond Production +11% to $14B in 2013

Gaborone: Global diamond production by value rose 11 percent year on year to $14.09 billion in 2013, due mainly to an increase in the average price of rough diamonds, according to annual data published by the Kimberley Process Certification Scheme. By volume, global production increased 2 percent to 130.48 million carats, while the average price of production grew 9 percent

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PDE President to Present Project in India

Panama: With more than 40 of the 59 available offices in the Phase 1 building of the Panama Gem & Jewelry Center already accounted for, Erez Akerman, President of the Panama Diamond Exchange (PDE), is visiting the Indian cities of Mumbai and Surat, and then New York, where he is meeting with companies interested in obtaining space in Latin America’s

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Bunder’s Education Initiatives Deliver Strong Results

Bhopal: Rio Tinto’s Bunder project in the central Indian state of Madhya Pradesh announced the results of a number of educational initiatives aimed at improving opportunities for families in the 15 communities surrounding the diamond project. Through a range of coaching initiatives and adult education programs the Bunder project is working towards its goal of enhancing opportunities in the local

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The 31st Edition of IIJS Ended with Success

Mumbai: The 31st Edition of India International Jewellery Show (IIJS) ended today with a success note. The show was organized from 17th to 21st July 2014 by the Gem & Jewellery Export Promotion Council (GJEPC) with over 850 plus exhibitors occupying about 1800 booths from India and Overseas. Over 35,000 genuine buyers from all over India and abroad visited the

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