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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Divine Solitaires, SGL Launch ‘Know Your Diamond’ Zone

Mumbai: The initiative equips Divine Solitaires’ reputed partner jewellers with advanced screening technology that can help verify key characteristics of diamonds,including whether a diamond is natural or laboratory-grown, checking laser inscriptions andverifying Hearts & Arrows (H&A). The screening machines will be provided as inventory to premium Divine Solitaires partner jewellers, enabling consumers to access the technology free of charge at

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Sky Gold & Diamonds Acquires Purvi Gems

Mumbai: Sky Gold & Diamonds Ltd., (Sky Gold) one of India’s leading jewellery manufacturers and exporters, has successfully completed the acquisition of 100% equity shares of Purvi Gems & Jewellery (India) Private Limited, a company engaged in the manufacturing of uncut and precia jewellery and related products. Following the completion of the acquisition on October 7, 2026, Sky Gold is

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‘UNNATI’ to Power Women in G&J Industry

Surat: The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of India’s gem and jewellery industry, yesterday launched ‘UNNATI – Powering Women in Gems & Jewellery’, a national mission to drive women in the sector learn, lead and grow as skilled professionals, entrepreneurs and future leaders. Beginning with its Gujarat chapter at Sardar Patel Smruti Bhavan, Surat, UNNATI

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QDE Widens its Scope with CIBJO Membership

Doha: The Qatar Diamond Exchange (QDE) has been admitted to membership of CIBJO, the World Jewellery Confederation (CIBJO), the international jewellery industry’s principal representative and standards-setting body. QDE joins as a National Association Member, extending the exchange’s international standing beyond the diamond trade into the wider diamond, coloured gemstone and jewellery sector. QDE’s membership was approved in CIBJO’s centenary year.

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Zimbabwe Set to Become Chairman of ADPA

Harare: Zimbabwe is set to take over the chairmanship of the African Diamond Producers Association (ADPA) from Tanzania when they meet in Victoria Falls this week. The southern African country is the current deputy chair of ADPA.“As the incoming ADPA chair in 2023, the Republic of Zimbabwe is expected to carry out the following mandate, among others: ensuring that African

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IGJS from 10th to 12th May in Jaipur

New Delhi: Ministry of commerce & Industry Government of India and Gem & Jewellery Export Promotion Council (GJEPC) are jointly  providing an exclusive opportunity to meet international buyers at India Gem & Jewellery show (IGJS), Jaipur scheduled to be held from 10th to 12th May 2022 at JECC Jaipur. In a statement, the GJEPC said, “Looking at the improving current

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Moscow Diamond Bourse No Longer WFDB Member

Antwerp: The World Federation of Diamond Bourses (WFDB) announced yesterday that the Moscow Diamond Bourse has suspended its membership in the organization. The move comes after the Moscow bourse temporarily stopped its activity on March 7, 2022. The official letter from the Moscow bourse, dated April 3, 2022, states: “We look forward to see the end of hostilities and hope that

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India Gem & Jewellery Show Inaugurated

Mumbai:  Mr. Raosaheb Danve, Union Minister of state for Railways, Coal and Mines, Government of India, inaugurated “INDIA GEM & JEWELLERY SHOW (GJS 2022)” along with Mr. Ashish Pethe (Chairman GJC), Mr. Saiyam Mehra (Vice Chairman GJC & Convener GJS), Mr. Avinash Gupta (Co Convener GJS), Mr. Nilesh Shobhawat (Co Convener GJS) and GJC COA’s accompanied by industry delegates. All

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