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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Commerce Secretary Visits GJEPC Ofiice

Mr. Rajesh Agrawal, Commerce Secretary, Department of Commerce, India, visited GJEPC headquarters in Mumbai on 26 December and held a detailed interaction with GJEPC’s Committee of Administration, including Mr. Kirit Bhansali, Chairman, Mr. Shaunak Parikh, Vice Chairman, Mr. Anoop Mehta, Convener – Diamond Panel, Mr. Russell Mehta, Co-Convener – Diamond Panel, Mr. K.S. Srinivasan, Convener – Gold Panel, Mr. Ashish

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GJEPC Welcomes India’s Role as KP Chair

Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC), the nodal agency for the Kimberley Process (KP) in India, welcomes India’s election as Chair of the Kimberley Process Certification Scheme (KPCS) for 2026. The Kimberley Process Certification Scheme, a UN-mandated initiative, is the only global mechanism governing international trade in rough diamonds, aimed at preventing conflict diamonds from entering legitimate

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India New Zealand FTA to Benefit G&J Industry

Mumbai: India and New Zealand recently concluded a Free Trade Agreement (FTA) that offers significant duty-free access for Indian exports, but Gems & Jewellery (G&J) are listed among the sensitive sectors excluded from immediate zero-duty benefits under the FTA, with India protecting these products, alongside dairy, sugar, and metals, from immediate tariff cuts, though the overall deal aims to boost labour-intensive exports like textiles,

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India’s G&J Exports Recover During April-Nov 2025

Mumbai: India’s gem and jewellery (G&J) exports showed clear signs of stabilization and recovery during April-November 2025, supported by improving global demand conditions and strong performance across diversified international markets. Total exports for the period rose marginally by 0.07% year-on-year to $18.87 billion, compared to $18.85 billion in the corresponding period last year, underscoring the sector’s resilience amid a challenging

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Call to Voluntarily Halt Imports of Rough

Mumbai: The Indian gem and jewellery industry has taken a unanimous decision to voluntarily halt the import of natural rough diamonds from 15th October to 15th December, 2023. This strategic move is aimed at addressing imbalance in demand and supply. This voluntary cessation of importing natural rough diamonds will not affect the processing and manufacturing activities within the industry. Additionally,

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GJEPC Organizes India Show-Jewels Unbounded

Hong Kong: An extraordinary evening filled with glamour, fashion and dazzling fine jewellery showcased the brilliant Indian Craftsmanship in Hong Kong. The enthralling evening witnessed presence of Ms. Manushi Chhillar, former Miss World 2017 and Brand Ambassador for GJEPC, as she took the spotlight as the Showstopper. The event was graced by His Excellency Mr. Pradeep Kr. Rawat, Ambassador of

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WGC’s Members Commit to Enhanced Transparency

Mumbai: The World Gold Council (WGC) has announced that its members, who represent the majority of the global large-scale gold mining industry, have committed to providing enhanced transparency in the gold supply chain. All 33 WGC members with operating mines, who collectively produce around 1,300 tonnes of gold per annum, have committed to publishing the names and locations of their

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Surging Opportunities in LGDs

Dubai: DMCC has released a special edition of its Future of Trade thought leadership report series focused on lab-grown diamonds (LGDs), the rapid global rise of this nascent technology and its transformative impact on the industry. The report, titled “Coming of Age – The Future of Lab Grown Diamonds,” is a culmination of industry expertise and in-depth analysis. It provides

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