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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CIBJO Reports to UN Global Compact

Milan: The World Jewellery Confederation (CIBJO) has formally reported to the UN Global Compact about activities and programmes that it undertook in support of the United Nations organization’s international mission over the two-year period that started in September 2022. Described as the world’s largest corporate sustainability and social responsibility initiative, with more than 20,000 business participants and other stakeholders in

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IIJS Premiere ’24 Spurs Record 12 Bln.$ Business

Mumbai: One of the world’s largest gem & jewellery B2B shows – India International Jewellery Show (IIJS) Premiere 2024 organized by India’s apex trade body, The Gem & Jewellery Export Promotion Council (GJEPC) set a new staggering record by generating a staggering USD 12 billion of business over 6 days. Showcasing “Brilliant Bharat” theme this year, IIJS Premiere 2024 (the

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Recognizing Young Talents in 40 Under 40

Mumbai: 40 Young and bright talents of the gem and jewellery industry were awarded at 40 under 40 in the 40th edition of IIJS PREMIERE. This was the second batch of 40 under 40. The initiative recognizes the outstanding achievements of these young talents who are revolutionizing the gem and jewellery landscape through technological innovations and dynamic visions. The Show

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De Beers Called off its August Sight 

Gaborone: In yet another sign of the diamond market’s troubles, De Beers has called off the sight it scheduled for August and is combining it with the one that had been planned for October. The new merged sight will take place Sept. 23-27. That means De Beers will have nine allocations this year instead of its traditional 10, though a

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India Needs More World-Class Gold Refineries

Mumbai: At the two-day seminar organized by the India Bullion and Jewellers Association (IBJA), experts were of the opinion that Indian household, which has total holding of around 25,000 tonnes of gold, needs more gold refineries for monetizing and attracting foreign direct investment (FDI) in the sector. India continues to be a major consumer of gold, importing on average 600

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Indian Bullion Trade Asso. to Retail Gold, Silver

Mumbai: India’s bullion trade body, India Bullion and Jewellers Association Ltd. (IBJA), has entered into retailing of gold and silver coins and bars, reports resourceinvestor.com. This is the first time that IBJA has entered into bullion trading. The association will source gold from overseas and local gold suppliers. The coins will range between 1 gram and 1,000 grams and will

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Put Gold to Work for Economy: WGC

Mumbai: Gold should be put to work for the Indian economy, creating jobs, developing skills, generating exports and revenues, the World Gold Council (WGC) said on Saturday unveiling its Vision 2020 for the industry, reports The Times of India. “Our vision for gold is that it should be put to work for the economy, creating jobs, developing skills, generating exports

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Workshop on Enameling by IIGJ

Mumbai: The Indian Institute of Gems & Jewellery Tardeo, Mumbai, (IIGJ) recently organized a ‘Workshop on Enameling’ by Mr. Kana Lomror which was well attended. The institute now proposes to organize another full day workshop on Enameling on 11th October 2014, a News Release from the Institute says. IIGJ Tardeo participates actively in Career Fairs. The institute motivates artistic and

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