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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Senco Gold Opens Store in Bhubaneshwar

Bhubaneshwar: Senco Gold & Diamonds marked the beginning of the festive season with the grand launch of its flagship Janpath store in Bhubaneswar, inaugurated by actor Ms. Rakul Preet Singh. The occasion brought together festive glamour, timeless craftsmanship and contemporary design, offering customers an early glimpse into the season’s most coveted jewellery trends, from statement natural diamond creations for weddings

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Ekati Diamond Mine to Close Following Unsuccessful Sale Process

Toronto: Canada’s Ekati diamond mine is set to cease operations after owner Burgundy Diamond Mines failed to secure a buyer for the asset during a court-supervised sale process. According to documents filed with the Supreme Court of British Columbia, the sale process did not attract any compliant bids, leaving the company without the funding needed to continue operations. Burgundy has

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IIJS Bharat Premiere Receives Message from PM

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) is organizing the 42nd edition of IIJS Bharat – Premiere from 5th to 9th August 2026 at Jio Convention Centre, BKC and from 6th to 10th August at the NESCO, Goregaon, Mumbai. On this occasion, India’s Prime Minister Mr. Narendra Modi has sent a special message to the GJEPC wishing the

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IIJ Awards on 2nd October in Mumbai

Mumbai: The India International Jewellery Awards (IIJA), an initiative by IBJA (India Bullion and Jewellers Association Ltd.) & Tefla’s is back—bringing together industry excellence, inspiring stories, and a distinguished celebrity jury. A $90B+ industry — and until now, no single honour platform that recognized all of it: from the master karigar at the workbench to the global icon whose work

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SIGNATURE IIJS Concluded with Success

Mumbai: The SIGNATURE IIJS, the eighth edition of the Show, concluded on February 23, 2015 with a success note, at the Bombay Exhibition Centre (NSE Complex) in Mumbai. The Show was inaugurated by Chief Guest, Andrey Polyakov, Vice President, ALROSA, Russia with Guests of Honour Ms. Shaina NC – Social Worker and Kirtilal Doshi, industry stalwart, Vipul Shah, Chairman, GJEPC,

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Marange Diamonds Have ‘Dramatically Shrunk’

Harare: A Zimbabwean cabinet minister has claimed that the country’s Marange diamonds have effectively run out. Information minister Jonathan Moyo said the country should wake up to the reality that the diamonds had dried up. “Diamond revenues from alluvial diamond mining have dramatically shrunk. We now need to come terms with this reality,” said Moyo in response during an interface

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Hope Budget to be Industry Friendly: Sachin Jain

Mumbai: Mr. Sachin Jain, President of Forevermark India, on the expectations for the Gems and Jewellery industry from the upcoming budget says: “The gems and jewellery sector makes a significant contribution to the country’s overall economy. Just like there were high expectations from last year’s budget this year too, the fraternity is looking for a positive outcome from the budget.

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Flooding of Synthetic Diamonds Upsets De Beers

Gaborone: De Beers has decried the flooding of synthetic diamonds in the industry, which it says was threatening long-term sustainability of the industry. The group’s head of strategy and corporate affairs Bruce Cleaver was quoted by APA as saying that the “duds” were also threatening profitability. He said the impact of synthetic diamonds was more severe if manufactures fail to

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