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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India’s Q3 Gold Jewellery Demand +17% to 146.2 Tonnes

Mumbai: India’s gold demand for Q3 2022 grew 14% to 191.7 tonnes as compared to 168 tonnes in Q3 2021, according to the World Gold Council’s (WGC’s) latest Gold Demand Trends report. India’s total Q3 2022 gold demand in value terms was ₹85,010 crore, up by 19% as compared to Q3 2021 (Rs 71,630 crores). Mr. Somasundaram PR, Regional CEO, India, World

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Sebi Bars Mehul Choksi for 10 Years

Mumbai: Sebi on Monday barred fugitive businessman Mehul Choksi from the securities markets for 10 years and imposed a fine of Rs. 5 crore on him for indulging in fraudulent trading in the shares of Gitanjali Gems Ltd. He has been directed to pay the penalty within 45 days, according to the Securities and Exchange Board of India (Sebi) order.

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De Beers Appoints Lupita Nyong’o as Global Ambassador

London: De Beers has appointed Lupita Nyong’o as its first Global Ambassador. The Academy Award-winning actor stars in the new brand campaign, De Beers: Where It Begins, which tells the story of the only global luxury brand that starts at the source. As a core element of the partnership Nyong’o will support De Beers’ Building Forever commitment, which aims to

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De Beers Declares 2023 Sight Dates

Gaborone: De Beers has released its sales schedule for next year, with the miner holding its usual 10 sights across the 12-month period. The miner sells most of its rough to sightholders through a contract system under which clients make certain purchasing commitments in return for consistent supply. In April 2021, the miner introduced a new sales agreement offering more

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Booths Allotted to the IIJS Premiere 2026 Exhibitors

Mumbai: In a single day, 34,000+ booths were successfully allotted to 1,800+ companies, turning booth allocation into a celebration of excitement, anticipation, and new beginnings. Exhibitors now know their place on the grand stage and are eagerly counting down to the biggest B2B jewellery gathering of the year. Excitement filled the air as exhibitors found out their booth locations and

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Customs Export-Import Facilitation Centre at SEEPZ-SEZ Inaugurated

Mumbai: India’s Minister of State for Commerce & Industry Mr. Jitin Prasada inaugurated the Customs Export-Import Facilitation Centre (CEIFC) at SDF-VIII in SEEPZ-SEZ, Mumbai, on 19 June 2026, marking a significant step towards strengthening trade facilitation within the export zone. The inauguration was hosted by Mr. Dnyaneshwar B. Patil, IAS, Zonal Development Commissioner, SEEPZ-SEZ. Senior officials present included Mr. Mayur

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Early Bird Discount for “TREASURES”

Lisbon: If you haven’t done so yet, there are still a few days to register with the reduced Early Bird rate and secure your seat for the second edition of TREASURES, an award-winning international colloquium that will take place under the patronage of the President of the Republic of Portugal at the Royal Treasure Museum, Palácio Nacional da Ajuda, in

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First-Ever Sale of 100% Traceable Artisanal Diamonds from Congo

Antwerp/Kinshasa: Today, fully traceable, artisanal diamonds from the Democratic Republic of Congo were sold on the international market for the very first time in Antwerp. The diamonds, originating from the Kasai region, are part of OrigemA:a Belgian-Congolese initiative that provides artisanal miners with access to international markets, guarantees fair prices, and supports the livelihoods of more than 3 million people. During this first

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