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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India's SGB to Become More Investor Friendly

New Delhi: The Indian government, in consultations with banks and the Reserve Bank (RBI), is finalizing a fourth tranche of sovereign gold bonds (SGB), reports Business Standard. This one is expected to be more investor-friendly and options under consideration include selling bonds also through a stock exchange, via an offer for sale (OFS), where member-brokers can put orders on behalf

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De Beers Signs Agreement with CanAlaska

Gaborone: ‘CanAlaska’ has entered into an Option-Participation Agreement with De Beers Canada Inc. De Beers for expenditures up to $20.4 million on kimberlite-style targets staked by CanAlaska in the Northwestern Athabasca basin, Saskatchewan. The claims staked by CanAlaska and optioned to De Beers cover 75 kimberlite-style targets developed from a recent high resolution airborne geophysical survey carried out on behalf

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Diavik Foxfire to Headline Rough Diamond Week

Ramat Gan: Rio Tinto’s 187.7 ct. Diavik Foxfire diamond, the largest rough diamond ever found in North America, will headline the Israel Diamond Exchange (IDE) 3rd International Rough Diamond Week, opening next Sunday in IDE’s Rough Trading Hall in Ramat Gan. The Diavik Foxfire was discovered last fall in the Diavik Diamond Mine in Canada’s Northwest Territories. The stone is

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World Diamond Congress Opens in Dubai

Dubai: The 37th World Diamond Congress, the biennial meeting of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA) opened in Dubai on Tuesday. Dubai Multi-Commodities Centre (DMCC) executive chairman and Kimberley Process chair, Ahmed Bin Sulayem, said that Dubai was a significant hub located in a pivotal point between East and West. He added

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GJEPC Partners with The Leela: Offers Benefits to Members

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has entered into a strategic alliance with The Leela Palaces, Hotels and Resorts to provide exclusive hospitality benefits to its members, marking the Council’s first partnership with a hotel group. The association is designed to support members’ business and personal travel needs, offering special pricing, room upgrades, hotel credits, dining and

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India’s G&J Exports Grow 9.43% in September 2026

Mumbai: India’s gem and jewellery (G&J) exports continued their growth trajectory in September 2026, with gross exports rising 9.43% in US dollar terms and 18.24% in rupee terms year-on-year to US$ 2.95 billion (Rs. 28,157.55 crore), compared to US$ 2.70 billion (Rs. 23,813.91 crore) in September 2025. For April–September 2026, India’s gross gem and jewellery exports reached US$ 14.30 billion

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Rohit Sharma, Anirudh Ravichander Star in Platinum’s New Campaign

Mumbai: Platinum Guild International (PGI) India unveiled a new campaign for its men’s jewellery brand Men of Platinum, featuring cricketer Rohit Sharma and music composer Anirudh Ravichander. The campaign signals an expansion of the men’s platinum jewellery category, speaking to a wider spectrum of men—from those seeking contemporary, design-led pieces as an expression of personal style to those drawn to

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India’s G&J Industry Welcomes GST Reforms

Mumbai: The Indian Gem & Jewellery industry (G&J) expressed its sincere gratitude to India’s Finance Minister Mrs. Nirmala Sitharaman for the landmark GST reform recommendations approved at the 57th GST Council meeting. These progressive recommendations are a significant step towards enhancing ease of doing business, strengthening export competitiveness and creating a more enabling environment for the growth of India’s Gem

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