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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Reena Ahluwalia’s Painting Accessioned into Smithsonian

Toronto: Visual Artist Reena Ahluwalia’s painting, “The Legacy of The Winston Red Diamond,” has been accessioned into the Smithsonian National Museum of Natural History. At a May 6 ceremony in the Janet Annenberg Hooker Hall of Geology, Gems, and Minerals, Dr. Gabriela Farfan, the Coralyn W. Whitney Curator of Gems and Minerals, accepted the painting. This is the first contemporary

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India’s PM Appeals People Not to Buy Gold

New Delhi: India’s Prime Minister Mr. Narendra Modi has appealed country’s citizens not to buy gold for one year. His may have sounded unusual at first, especially in a country where gold is deeply linked to tradition, savings and family celebrations. But behind the statement lies a larger economic concern: pressure on India’s foreign exchange reserves and the weakening rupee

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WDC ‘A Champion for Natural Diamond Trade’

Antwerp: The World Diamond Council (WDC) is a champion for the natural diamond trade, with the primary objective of building confidence in natural diamonds and helping the trade sell them, according to its incoming President Ronnie VanderLinden. He was speaking at the Annual General Meeting of the WDC, which took place May 7, 2026, in Antwerp, Belgium. Taking office at

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Feriel Zerouki Forced Diamond ind. to Face Itself

Antwerp: Feriel Zerouki forced the diamond industry to confront the questions it had long avoided during her presidency of the World Diamond Council (WDC), a tenure defined by service to those most exposed at the front line of the trade. Taking office at a time of rising scrutiny, tightening regulation and changing consumer expectations, Zerouki placed reform of the Kimberley

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India’s G&J Trade Adopts FTC Guidelines, USA

Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC), apex body for the gem & jewellery trade in India, has adopted the new mandated definition, nomenclature and guidelines for diamonds specified by the Federal Trade Commission (FTC) of the United States (U.S.). The FTC’s updated guidelines provide a clear, standardized definition of ‘diamond’ and distinct terminology for laboratory-grown diamonds, ensuring

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Milan Chokshi is New Chairman of GJSCI

Mumbai: Gem & Jewellery Skill Council of India (GJSCI) has announced the election of Mr. Milan Chokshi as its new Chairman. The decision was made at a Board of Directors meeting held on 15th October, 2024. Chokshi, a prominent figure in the gem and jewellery industry, succeeds Shri. Adil Kotwal, whose tenure was marked by significant contributions to the Council. Under

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Botswana and G7 Announce G7 Verification Point

Antwerp: The Diamond Technical Team of the G7 and Botswana announced in a joint statement that an Export Verification Point for rough diamonds would be established in Botswana. For the development of this G7 verification point, Botswana will receive support and expertise from the Antwerp World Diamond Centre (AWDC), which has been operating as a G7 verification and certification hub

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Forevermark’s Minimalist Bridal Jewellery

Mumbai: As the celebratory wedding season takes off, Forevermark presents a sophisticated range of jewellery for the modern bride, blending timeless elegance with versatility. The Millemoi, Avaanti, Icon and Forevermark Setting collections are thoughtfully designed for the contemporary bride, effortlessly transitioning from wedding celebrations to everyday moments. These versatile pieces are ideal for every milestone, from bachelorette parties and pre-wedding shoots to haldi, sangeet, and

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