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Despite Global Losses & Firmer Rupee, Indian Gold & Silver Held Their Floors
Macro Snapshot: The selling that pushed both metals lower in the week ending 25 September came from the American bond market rather than from any bullion-specific news. S&P Global’s flash survey on 23 September put its composite output index at 58.4, the strongest reading since July 2021, with services at 58.7 and manufacturing at 56.7. On the same morning, Federal Reserve Governor Michael Barr said further policy adjustments were likely to be needed to return inflation to target. A poorly
Despite Global Losses & Firmer Rupee, Indian Gold & Silver Held Their Floors
Macro Snapshot: The selling that pushed both metals lower in the week ending 25 September came from the American bond market rather than from any bullion-specific news. S&P Global’s flash survey on 23 September put its composite output index at 58.4, the strongest reading since July 2021, with services at 58.7 and manufacturing at 56.7. On the same morning, Federal Reserve Governor Michael Barr said further policy adjustments were likely to be needed to return inflation to target. A poorly
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First Jewellery Export Consignment to the UK Under India–UK CETA
Mumbai: Mumbai, India’s financial capital and the country’s premier hub for gem and jewellery exports, yesterday marked a historic milestone with the flagging off of the first jewellery export consignment to the United Kingdom under the India–UK Comprehensive Economic and Trade Agreement (CETA). The Mumbai flag-off forms part of a nationwide initiative being held across Delhi, Surat, Jaipur, Chennai and
IIJS Premiere: Overseas Buyers Passport Scheme for Int’l Buyers
Mumbai: For the IIJS Bharat Premiere 2026, the Gem and Jewellery Export Promotion Council (GJEPC) has launched an exclusive Overseas Buyers Passport Scheme. Participating International buyers can win a fixed flight reimbursement of USD 525 through a lucky draw. This initiative has been designed to encourage overseas buyers to explore a wider range of exhibitors across the show, thereby fostering
India-UK Buyer Seller Meet Concludes Successfully
London: The India-UK Jewellery Buyer-Seller Meet 2026 concluded successfully, bringing together 20 leading Indian gem & jewellery manufacturers and prominent UK buyers to explore new business opportunities and strengthen bilateral trade ties. Held at the Arsenal Executive Box, Emirates Stadium, London, the two-day meet served as a dynamic platform for meaningful networking, strategic partnerships, and high-value business discussions. With the
Mehul Shah Elected President of WFDB
Mumbai: Mehul Shah, Vice President of Bharat Diamond Bourse has been elected President of World Federation of Diamond Bourses, (WFDB) the apex global body of the diamond trade comprising 26 Diamond Bourses from across the Globe and 6 affiliated members. The election took place on Monday, July 12, during the ongoing World Diamond Congress in Singapore. Leaders of the 21
Industry Proposals Discussed with GoI Official
Mumbai: On Saturday, November 29th, a delegation comprising members of the GJEPC and a BDB representative met with Joint Secretary, Department of Commerce, GoI. A presentation on the Bharat Diamond Bourse; and a comprehensive one on the Indian gem & jewellery industry were made to Dr. Mohapatra. The delegation had a detailed discussion on Presumptive Taxation, a long-time demand of
Surat Machinery Show Concluded with Success
Surat: The three-day India Gem & Jewellery Machinery Expo (IGJME) held at Surat drew to a close on Sunday with the flow of visitors peaking during the second half of the final day and exhibitors giving an overall positive rating to the second edition of the ‘machinery-only’ fair. While more than a few participants pointed out areas where improvement was
India Scraps 80:20 Norms
Mumbai: The Reserve Bank of India announced withdrawal on Friday with immediate effect of the gold import restrictions popularly known as the “80:20” scheme. Introduced in August last year to control the country’s widening current account deficit (CAD), the rule enjoined all gold importers to supply at least 20 per cent of the quantity brought in to jewellery exporters. Permission
Are Platinum Prices Manipulated?
New York: A family run jewellery firm has issued a legal notice against major banking corporations for their alleged involvement in the rigging of metals contracts. Modern Settings has filed a class action lawsuit against banking giants Goldman Sachs, HSBC and Standard Bank. They were joined by chemical company, BASF, alleging manipulation of benchmarks used to set the price of
