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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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De Beers Group Science & Technology Showcases SynthDetect 2
London: De Beers Group’s Science & Technology division today revealed SynthDetect 2, the next generation desktop diamond screening instrument. The first SynthDetect instrument and its successor SynthDetect XL – released in 2017 and 2018 respectively – have been among the most successful instruments in De Beers Group’s suite of diamond verification instruments due to their outstanding technical screening functionality and
Amit Shah Graces 52nd India Gems & Jewellery Awards
Industry’s premier awards bring together national and state leadership, recognising excellence and India’s growing global ambitions Mumbai: In a landmark gathering that brought together the country’s political leadership and the leadership of India’s gem and jewellery industry, the Gem & Jewellery Export Promotion Council (GJEPC) hosted the prestigious 52nd India Gems & Jewellery Awards (IGJA), with Shri Amit Shah, Hon’ble
Gemfields Generates $29.6m from Emerald Auction
London: Gemfields Group Limited announced that its latest commercial-quality emerald auction generated $29.6 million, with every lot sold and the average realized price rising sharply from its previous sale. The auction, held between 24 August and 10 September, achieved $9.72 per carat, compared with $7.46 at the November-December 2025 auction. Total proceeds were also up from $25.4 million despite the volume
WGC Unveils New Chapter of ‘The Moment is Gold’
The World Gold Council (WGC) has unveiled the latest chapter of its ongoing campaign, ‘The Moment is Gold’. Building on the campaign’s central idea of celebrating life’s meaningful moments through gold, the latest film “First Diwali” captures a young couple experiencing their first Diwali together, a deeply personal milestone marked by warmth, belonging and new beginnings. The campaign reinforces how gold
$6m Diamond Goes Missing
Windhoek: Police in Namibia are hunting for a 78-carat diamond after the gem went missing during a recent strike by 1,500 workers of the Namibia Diamond Trading Company. NDTC, like the mining firm Namdeb, is a 50-50 joint venture between Anglo American’s De Beers unit and the Namibian government with a history dating back to the 1920s. Bloomberg reports the
BDB Planning International Diamond Week
Mumbai: India’s Bharat Diamond Bourse (BDB) is planning an International Diamond Week in 2015, Mr. Anoop Mehta, President of the BDB has said in an interview with Rapaport. Stressing about the BDB’s future plans, Mr. Mehta said, “We are planning an International Diamond Week, which will take place in the bourse sometime in early 2015. It will have about 300
Mugabe Seeks Polishing Partnership with China
Harare: President Robert Mugabe said Zimbabwe intended to partner a Chinese company, Chow Tai Fook, to process local diamonds to add value. At the moment, the country exports its diamonds, mainly mined in Marange, in raw form. Beneficiation of natural resources, especially minerals, forms the centre piece of Zimbabwe’s new five-year economic blueprint, the Zimbabwe Agenda for Sustainable Socio Economic
Accenture Suggests Steps to Boost Exports from SEZs
Kolkata: IT consultancy firm Accenture has warned that the move by Indian jewellers to set up units in China and Dubai may slow down gem and jewellery exports from the country, even as it suggested steps to boost exports from special economic zones (SEZs), reports The Economic Times. The jewellery companies that are considering setting up units abroad include Kama
