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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
Top News
IIBX & GJEPC Facilitate First-Ever Duty-Free Gold Import
Mumbai: The India International Bullion Exchange (IIBX), in collaboration with the Gem & Jewellery Export Promotion Council (GJEPC), has achieved a major milestone by facilitating the country’s first-ever duty-free import of gold under the Directorate General of Foreign Trade’s (DGFT) Advance Authorisation Scheme. This breakthrough marks a new chapter in India’s bullion market, aligning with the government’s vision to streamline
Kirit Bhansali Attends India-UK CEOs Forum
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) Chairman Mr. Kirit Bhansali was privileged to represent the gem and jewellery sector as part of the distinguished delegation accompanying Hon’ble Prime Minister Mr. Narendra Modi during his discussions with UK Prime Minister Sir Keir Starmer at the India-UK CEOs Forum . This high-level trade mission underscores the strong commitment of
Feriel Zerouki to Leave De Beers Group
London: De Beers Group today announced that Feriel Zerouki, Chief Trade and Industry Officer and member of the Executive Committee, has decided to leave the company at the end of October 2025. Feriel joined De Beers in 2005 and has played a central role in shaping the company’s leadership in ethics, provenance and industry integrity. She led the launch of
NITI Aayog Partners with GJEPC to Boost Exports
Mumbai: India’s gems and jewellery industry got a significant boost on 7th October 2025, when NITI Aayog and GJEPC brought together key stakeholders to discuss the sector’s future competitiveness and export potential. The hybrid event, hosted at the Bharat Diamond Bourse (BDB) with several participants joining virtually, featured Mr. Sanjeet Singh, Senior Advisor, NITI Aayog, joined by Mr. Kirit Bhansali,
Sky Gold Ltd. Strengthens its Market Presence
Mumbai: Sky Gold Ltd. has announced significant milestones that underscore its commitment to innovation, client partnerships, and market expansion. Sky Gold has successfully onboarded Aditya Birla Jewellery, operating under the brand name Indriya. Launched by the Aditya Birla Group in July 2024, Indriya stands as a luxury jewellery brand that intricately blends traditional Indian craftsmanship with contemporary design. With ambitions to become one of the top jewellery retailers in India within the next five years, this collaboration marks a major step for Sky Gold Ltd. in aligning with
GJEPC Celebrates Silver Jubilee of its Kolkata Office
Kolkata: The Gem & Jewellery Export Promotion Council (GJEPC), India’s apex trade body sponsored by the Union Ministry of Commerce & Industry, celebrated the Silver Jubilee (25th) anniversary of Eastern Regional Office in Kolkata. Mr. Vipul Shah, Chairman, GJEPC, Mr. Kirit Bhansali, Vice Chairman, GJEPC, Mr. Sabyasachi Ray, ED, GJEPC, Mr. Pankaj Parekh, Regional Chairman, Eastern India, GJEPC, Mr. Suvankar
Reena Ahluwalia Inducted into Hall of Fame
Mumbai: In a glittering celebration of excellence, the gem and jewelry industry bestowed its highest honor upon Reena Ahluwalia at the prestigious IIJS Signature 2025 Show. The Hall of Fame induction, considered the pinnacle of recognition in the jewelry and diamond industry, celebrates a lifetime of achievement and contribution. The Hall of Fame recognition was awarded by Gem and Jewellery Export
PNG Jewellers Records 24% YoY Growth in Q3
Mumbai: PNG Jewellers announced that it has witnessed a consolidated YoY growth of around 24% in Q3 FY25, driven by a strong increase in same store sales growth, festive demand in Dussehra, Diwali and the wedding season. During Q3 FY25, the retail segment saw a YoY revenue growth of around 42% as compared to Q3 FY24. The franchise segment experienced
