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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IAGES Directory Brings Verified Partners on One Platform

Mumbai: The Accredited Partner Directory launched by the Indian Association for Gold Excellence and Standards (IAGES) in November, 2025, has gained significant momentum among consumers and gold businesses since its inception. This one-stop digital platform now hosts a growing network of over 700 IAGES partner outlets across 200 cities, allowing consumers to find verified, trusted jewellers nearest to them before

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De Beers Sets out Portfolio & Organizational Actions to Support Long-Term Value Creation

London: De Beers Group is advancing delivery of its business streamlining by setting out a number of planned portfolio and organisational changes to ensurean efficient cost base that strengthens resilience in the near-term while enhancing future competitiveness and retaining optionality as industry conditions improve. Since 2024, De Beers has been streamlining its business in line with its Origins strategy to

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Kering Holds 2nd “Kering Generation Award X Jewelry” Ceremony

Milan: The second edition of the Kering Generation Award X Jewelry took place on July 9, 2026, at the luxury group Kering’s headquarters in Paris during Paris Haute Couture Week. The World Jewellery Confederation (CIBJO) is a partner of Kering in the awards, which aim to support visionary talent whose work demonstrates excellence in sustainable design and practices in jewellery-making.

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41st World Diamond Congress Kicks Off in Singapore

Singapore: With almost every seat taken in the Atrium Ballroom of Singapore’s Park Collection Hotel in City Island’s Marina Bay district, the 41st World Diamond Congress kicked off on July 13. In his welcome speech, Fabio Cascapera, Chair of the Congress Organising Committee and President of the Diamond Exchange of Singapore (DES), noted that since the 24th World Diamond Congress was held in Singapore

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IDE Mulls Creating Large Diamond Factory

Ramat Gan: The Israel Diamond Exchange (IDE) is considering opening a manufacturing plant for the polishing of large diamonds, according to information posted on its website. The IDE’s Industry Committee has invited members of the bourse to a discussion of the facility on September 7. Plans calls for converting 400 square meters of currently unused space into a factory. The

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ALROSA Releases Social & Environmental Report

Moscow: ALROSA published Social & Environmental Report. The Report was prepared in accordance with the “core” level of the new GRI G4 Sustainability Reporting Guidelines. The Report is to inform a wider audience about ALROSA’s major contribution to three areas of sustainable development: economy, environment and social systems. The Company’s social and environmental performance, commitments to the shareholders, clients and

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India Has No Plans to Amend FTA with ASEAN

New Delhi: India is not likely to amend its free trade agreement (FTA) with the 10-member Association of South East Asian Nations (ASEAN) to curb the sharp increase of gold jewellery imports from the region. The Indian Commerce Ministry, which has been alerted by the country’s Revenue Department about the sudden spurt in gold jewellery imports at preferential duties through

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Tanzanite Mines May Become Tourist Destinations

Dar-Es-Salaam: The Tanzanian government is considering turning the country’s tanzanite mines into “thrilling” tourist destinations, according to media reports. Energy and minerals minister George Simbachawene was quoted by Chinese news agency Xinhua as saying that the move was part of the East African nation’s efforts to diversify its tourist products. He said tanzanite mines were “popular” as Tanzania was the

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