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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Dr. Akinwumi Adesina is Chairperson of Diamonds for Development Fund

Gaborone: The Government of the Republic of Botswana and De Beers Group are delighted to confirm that Dr. Akinwumi Adesina has been appointed as the Diamonds for Development Fund’s Chairperson. Dr. Adesina is a widely respected global leader and renowned development economist with close to 40 years of experience in global and African development issues. He was the 8th elected President

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GJEPC Showcases India’s Craftsmanship at JCK Las Vegas

Las Vegas: The Gem & Jewellery Export Promotion Council (GJEPC) marks a defining milestone this year, celebrating its 21st consecutive participation at JCK Las Vegas, the world’s premier jewellery trade event. From May 29th to June 1st, 2026, at The Venetian Expo, the India Pavilion will serve as a global stage for 33 of India’s most visionary member exporters. Spanning

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Edward Asscher Re-Elected as RJC Vice Chair

London: Edward Asscher is re elected as the Vice Chairman of the Responsible Jewellery Council (RJC). Mr. Asscher has served in the role for the past four years. In 2024, Asscher was a nominee for the chairman position. However, he ultimately lost the vote to Richline CEO Dave Meleski and remained vice chairman. Though Asscher retired in 2020 after five decades at the helm of family-run

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NDC Welcomes GJEPC Membership

Las Vegas: India’s Gem & Jewellery Export Promotion Council (GJEPC) has recently joined the Natural Diamond Council (NDC). The NDC announced membership of GJEPC, making it the first industry body to progress toward NDC membership under the Luanda Accord framework. The milestone follows GJEPC’s signing of the Luanda Accord in June 2025 and the Memorandum of Understanding during the second

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Gahcho Kué Diamond Mine 62 Percent Complete

Toronto: Mountain Province Diamonds Inc. announced that development of the Gahcho Kué diamond mine is progressing according to plan and budget with the overall project approximately 62 percent complete at the end of May, 2015. Key areas of focus are continued dewatering to expose the kimberlites, the placement of concrete foundations and the erection of steel superstructures of the major

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Myanmar's Gems Emporium Heavily Attended

Naypyidaw: Hundreds of merchants from China to Malaysia flocked to Naypyidaw, Myanmar on Friday to inspect an annual auction of jade and other precious stones, according to AFP. The 13-day emporium is expected to draw around 5,000 local and foreign visitors who will bid for the raw jade, gems, jewelry and sculptures up for sale. “We invited (merchants from) Hong

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E.G.L. Platinum Emphasizes New Grading Standards

Ramat Gan: At a meeting inside the Ramat Gan bourse recently, members of the Israeli industry met to hear about plans for the E.G.L. Platinum chain of grading labs. E.G.L Platinum president Menahem Sevdermish FGA, highlighted the work that the lab is doing to ensure that the chain offers accurate and uniform grading standards across its branches worldwide. One of

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India Not to Put Embargo on Rough Import

Mumbai: Prominent diamond Industry associations of India, viz. Gem & Jewellery Export Promotion Council (GJEPC), Bharat Diamond Bourse (BDB) and Mumbai Diamond Merchants’ Association (MDMA) organized a meeting with top 250 diamond exporters on 7th July 2015 to discuss the current market scenario and issues faced by the diamond industry and derive a way forward. The meeting was held at

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