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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
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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WGC Launches ‘It’s Aaj ka Gold’ Campaign
Mumbai: The World Gold Council (WGC) recently announced the launch of its first India-focussed gold ETF campaign, built around the powerful core message ‘It’s Aaj Ka Gold’ (means ‘Today’s gold). The campaign is aimed at modernizing gold investment for the nation’s digital-savvy young investors. The campaign aims to address the awareness–action gap and reinforce the accessibility, liquidity and strategic relevance
GJSCI’s Initiative on Tribal Youth Empowerment
Mumbai: The Shrimad Rajchandra Skill Development Centre, set up in partnership with the Gem & Jewellery Skill Council of India (GJSCI) in September 2022, is helping tribal youth in Dharampur, Valsad, in southern Gujarat build sustainable careers in the gem and jewellery sector. The centre offers training in jewellery CAD design, a key skill in modern jewellery manufacturing. Supported by
Zen Diamond Opens Store in Chandigarh
Chandigarh: Zen Diamond continues to expand its presence in India with the opening of its latest boutique at Nexus Elante Mall, Chandigarh. After establishing a strong foothold in Mumbai with stores in Bandra and Borivali, and further strengthening its presence in Bengaluru with two stores, Zen Diamond now brings its hallmark of exquisite craftsmanship and modern design to North India.
Rio Tinto Concludes Its Final Beyond Rare Tender
Perth: Rio Tinto has brought its celebrated Beyond Rare Tender series to a close, presenting 52 lots of exceptional fancy colour diamonds sourced from its Australian and Canadian mines. Titled “Into The Light,” the event was the third and final edition in Rio Tinto’s annual Art Series. With the Argyle Diamond Mine having ceased operations in 2020 and the Diavik
SRK Honors Dalai Lama with Santokbaa Award
Surat: Shree Ramkrishna founder and Chairman Govind Dholakia recently presented the “Santokbaa” award to the Dalai Lama during the spiritual leader’s visit to the company’s Surat manufacturing facility. The award, which is named in honor of Dholakia’s mother, is given to those who have “served society with compassion, truth, dedication and selflessness.” It was presented by O P Kohli, the
GJF Presents National Jewellery Awards on 21st Feb
Mumbai: The All India Gems and Jewellery Trade Federation (GJF), the national trade body for the promotion and growth of trade in Gems and Jewellery Industry across India, presents the most prestigious National Jewellery Awards (NJA 2015) in the gems & jewellery (G&J) industry. This annual award ceremony is aimed at recognizing the immense talent, innovation and creativity of its
India’s Gold Jewellery Demand to Rise 10% in 2015
Mumbai: According to independent rating agency ICRA, India’s gold jewellery demand next year is expected to touch $32 billion, rising 10%, Diamond World reports. This prediction is being linked to the progressive consumer sentiments. The agency notes that demand could rise in volume terms following the Indian government’s decisions to lift the 80:20 gold import rule, a more positive outlook
Modi Assures of a ‘Road Map’ to “Make In India”
New Delhi: In a day-long workshop on ‘Make in India’ held on 29th December 2014, the Indian Prime Minister Mr. Narendra Modi assured Indian industries of a ‘Road Map’ and wished to change the culture of the government to one where Responsibility, Ownership, Accountability, Discipline are the norms. The Prime Minister also said that Human Resource Development, Innovation and Research
