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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GJEPC Confers ’20 Under 40′ Awards

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) honoured 20 emerging industry leaders at the 20 Under 40 Awards, held at BEC during IIJS Bharat Premiere 2026 on 8th August. The awards recognised young entrepreneurs and professionals across manufacturing, retail, diamonds, jewellery, laboratories and allied businesses for their contribution to the industry. The GJEPC leadership present included Mr. Kirit

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Mehul Shah Conferred “Industry Legend” by GJEPC

Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) honoured the ‘Legends of the Industry’ during the IIJS Bharat Premiere exhibition. Globally renowned change-makers in the Industry were invited and honoured in the presence of an august audience. This recognition by GJEPC honoring the change-makers as industry stalwarts descended to receive the recognition. Mr. Mehul Shah, Vice President of Bharat

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‘Made in India’ Jewellery Must Become World’s Trusted Choice: Chirag Paswan at IIJS Bharat Premiere 2026

Mumbai: Mr. Chirag Paswan, Minister of Food Processing Industries, Government of India, today inaugurated the 42nd edition of IIJS Bharat Premiere 2026 at the Bombay Exhibition Centre (BEC), NESCO, Goregaon — highlighting the Indian gem and jewellery sector’s role in strengthening Brand India on the global stage. Joining him as Guests of Honour were Mr. Paul Rowley, Executive Vice President,

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WGC Launches ‘Swarnim Udaan 2047’

Mumbai: The World Gold Council (WGC) yesterday released a landmark vision document for Indian gold industry titled “Swarnim Udaan 2047: Unlocking the Full Potential of Gold Towards Viksit Bharat 2047,”. The report, developed with Monitor Deloitte as knowledge partner, sets out a long-term roadmap to reposition gold as a strategic economic lever for India’s economic growth and global competitiveness.  As

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De Beers Generates $630 mln. in 6th Cycle

Gaborone: De Beers brought in $630 million at its latest sales cycle as the miner benefited from solid demand for its rough amid shortages of Russian goods. Proceeds from the July sight and auctions were 23% higher than for the equivalent period a year ago, the miner reported Monday. Sales were down 4% compared with the previous cycle in June,

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Lucapa Recovers Rare 170ct Pink Diamond

Luanda: Lucapa Diamond has recovered a rare 170-carat pink Type IIa diamond from its 40%-owned Lulo alluvial mine, in Angola.The stone named “The Lulo Rose” is believed to be the largest pink diamond recovered in the last 300 years. This pink diamond is also the fifth largest diamond recovered to date on the Lulo concession. The 404 carat “4th February

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Nirav Modi's Assets Worth Rs. 350 Crores Attached by ED

New Delhi: The Enforcement Directorate Friday said it has attached gems, jewellery and bank deposits worth Rs 253.62 crore of companies linked to fugitive diamond merchant Nirav Modi as part of a money laundering probe. All these moveable assets are in Hong Kong, the agency said in a statement. Some assets of Nirav Modi group of companies in Hong Kong

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PGI India Felicitates ‘Platinum Season of Love 2022’ Award Winners

Bengaluru: Following the tremendous success of four previous editions, Platinum Guild International (PGI) India brought back its annual flagship retail initiative – Platinum ‘Season of Love’. In its fifth edition, the month-long programme that spanned from 5th May 2022 to 5th June 2022, infused fresh vigor & excitement amongst PGI partners, while bolstering the overall consumer retail demand for platinum.

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