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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IIGJ Udupi Centre Inaugurated by India’s FM

Udupi, (Karnataka): Marking a significant milestone in India’s gem and jewellery skill development landscape, the Indian Institute of Gems & Jewellery (IIGJ), Udupi was unveiled yesterday as a new centre of excellence by India’s Finance Minister (FM) Mrs. Nirmala Sitharaman, reaffirming the government’s continued focus on skilling, innovation and employment generation for the sector. The ceremony was attended by Mr.

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India and New Zealand Sign Strategic FTA

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has welcomed the signing of the India–New Zealand Free Trade Agreement (FTA) on 27 April 2026, calling it a timely and strategic step that opens a high-potential market for Indian gem and jewellery exporters. India’s current gem and jewellery exports to New Zealand stand at approximately USD 16.61 million. With zero-duty

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Suresh Hathiramani Elected as Chairman of WDHB

Singapore: The World Diamond Heritage Board (WDHB) has announced the appointment of Mr. Suresh Hathiramani as Chairman and Mr. Alex Popov as Vice-Chairman, of the Selection Committee of the World Diamond Heritage List (WDHL). A Historic Initiative for the Diamond Industry: The World Diamond Heritage List is an initiative designed to identify and document the 100 diamonds that have shaped

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Antwerp’s Diamond Trade Increased by 20% in Q1

Antwerp: According to figures from the Antwerp World Diamond Centre (AWDC), the total volume of diamonds traded in Antwerp increased by nearly 20% in the first quarter of 2026 compared to the same period last year. The import of rough diamonds in particular saw strong growth, with a 35.7% increase in volume. In terms of total trade value, the trading

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India' Gold Production Can Reach 20 Tonnes a Year

Mumbai: The World Gold Council (WGC) recently launched a report titled ‘Gold Mining in India’, as part of a series of in-depth analysis on the Indian gold market. The report highlights how India has a rich heritage of gold mining, but the industry’s growth has been hampered by legacy processes and under-investments. Despite India being one of the world’s largest consumers of gold,

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Eyal Shirazy is Appointed ED of GET-Diamonds

Antwerp: The World Federation of Diamond Bourses (WFDB) announced today that Eyal Shirazy has been appointed Executive Director of GET-Diamonds, its global B2B trading platform for polished diamonds. Yoram Dvash, President of the WFDB, said “We are very pleased that Eyal is leading GET-Diamonds. We are confident that the knowledge and experience he brings will make GET-Diamonds the most technologically

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Introductory Seminars on NFTs, Blockchain & Crypto

Antwerp: The Antwerp World Diamond Centre (AWDC) has planned to organize introductory seminars on NFTs, Blockchains and Crypto. For many of us, it’s still a mystery, but in the diamond industry, the organizer sees companies pioneering with new and fresh ideas on how to integrate these new technologies into the diamond business. There is no doubt that these technologies will

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GJEPC's 5th IRGSS Opens in Jaipur

Jaipur: The 5th edition of the India Rough Gemstone Sourcing Show (IRGSS), organized by GJEPC, was inaugurated in Jaipur on 15th March by Rahul Nangare, Commissioner of Customs, Jaipur. The three-week-long exhibition ends on 2nd April. It features an assortment of rough emeralds displayed by the Gemfields-owned Kagem Mining Company Limited, Zamiba. Colin Shah, Chairman, GJEPC said, “I am happy

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