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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
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
Top News
GJC Seeks Customs Duty Reduction in Budget
Mumbai: All India Gem & Jewellery Domestic Council (GJC), a national apex body for the gems & jewellery industry, has urged the Union Finance Minister Nirmala Sitharaman to withdraw the Basic Customs Duty on gold and also GST on the gems & jewellery industry. In the pre-budget recommendation 2024-25, the apex body has submitted an exhaustive list of recommendations for
Reflecting on the 2 Day IGJS 2024
(By Suresh Chotai): In a dazzling start to the new year, the 2-day India Gold and Jewellery Summit (IGJS) illuminated the landscape of the gold and jewellery industry on January 23 and 24, 2024. This annual event brought together luminaries, thought leaders, and industry stakeholders to discuss, discover, and celebrate the ever-evolving facets of India’s vibrant gold and jewellery sector.
CIBJO Issuses Document Outlining ESG Principles
Milan: The World Jewellery Confederation (CIBJO) has released a guidance document outlining environmental, social and governance (ESG) principles for companies primarily involved in the laboratory-grown diamond sector. Entitled “Environmental, Social and Governance Principles for Laboratory-Grown Diamonds,” the new guidance document is designed to assist laboratory-grown diamond companies to devise sustainable strategies that contribute to long-term business value creation, and to
GJEPC Successfully Organized 2-Day IGJS
New Delhi: India’s gold jewellery ecosystem stands strong in infrastructure, policies, exports, retail, design, and innovation, and is poised for a significant role on the global stage. Mr. Santosh Kumar Sarangi, Director General, DGFT, Union Ministry of Commerce & Industry, Govt. of India urged GJEPC to popularize Indian jewellery exports through e-commerce; and to position India as top supplier, design
GJEPC’s Australia-New Zealand Trade Mission
Mumbai: The Brisbane portion of GJEPC’s Australia-New Zealand trade mission brought Indian gem and jewellery exporters into discussions with Queensland’s jewellery retailers, wholesalers and business bodies, while reinforcing the opportunities created by the India-Australia ECTA. Led by Vijay Mangukiya, Convener – International Events, GJEPC, the delegation visited Brisbane on 24-25 August 2026 and met Ms. Neetu M. Bhagotia, Consul General
Harshvardhan Rane is the New Face of Ti22 by Aham
Mumbai: Senco Gold & Diamonds has announced actor Harshvardhan Rane as the face of Ti22 by Aham, its latest titanium, gold and diamond collection under its dedicated men’s jewellery brand, Aham. Reflecting the evolving expression of modern masculinity, Ti22 by Aham brings together the strength and lightness of titanium with the timeless appeal of gold and diamonds. With Harshvardhan Rane at
Let this Rakshababdhan Shine Brighter with Platinum
Mumbai: Rakshabandhan has always been a celebration of the quirks, chaos, shared memories and quiet strength that define sibling relationships. Over the years, gifting has become an integral part of the festival – a way to express love, create new memories and celebrate the bond that grows stronger with time. As gifting becomes more personal and thoughtful, platinum jewellery is emerging as a distinctive choice for
GJEPC Webinar Explores Niryat Protsahan Support Under Export Promotion Mission
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) organized a webinar recently to familiarize exporters with ‘Niryat Protsahan’ schemes under the Government of India’s Export Promotion Mission (EPM), with a focus on affordable finance, e-commerce exports and market diversification. The session featured Ms. Trupti Mhatre, General Manager, Export-Import Bank of India (Exim Bank); Mr. Sabyasachi Ray, Executive Director, GJEPC
