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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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

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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

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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

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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

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Chairman of GJEPC Discusses Industry Issues

Mumbai: Mr. Praveenshankar Pandya, the newly elected Chairman and Mr. Russell Mehta, the Vice Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) addressed their inaugural Press Meet on Tuesday where they focused on some of the issues faced by the gem & jewellery industry and enlisted the industry’s budgetary demands. Commenting on the slowdown in the global market,

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PNG Jewellers Opens Showroom at Fremont, USA

Mumbai: The latest international showroom of PNG Jewellers was launched in Fremont, California on 16th October at 6 PM by Bollywood Actress Preity Zinta. PNG Jewllers is one of the most reputed jewellers in the country, with over 183 years of legacy and has been growing to be an international brand since past two decades. They have proudly presented their

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Taliban Reportedly Involved in Gold, Lapis Trade

New York: The Taliban is illegally mining gold and controls access to a source of lapis lazuli, according to a United Nations Security Council report on Afghanistan issued in August. The report, issued by the council’s sanctions monitoring team, quotes Afghan officials as saying Taliban forces have gained control of an illegal gold mining operation in Arghistan, Afghanistan. The fundamentalist

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Rough Display at BDB Not Taxable

Mumbai: Operations related to the display of rough diamonds at the Special Notified Zone (SNZ) in Bharat Diamond Bourse (BDB) in Mumbai are expected to commence within the next few weeks. This follows the announcement by the Ministry of Finance, Government of India on 16th Oct. that it had decided to exempt income from display of rough diamonds within a

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