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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10% Traffic Increase in JGW Hong Kong

Hong Kong: Jewellery & Gem WORLD Hong Kong 2025 (JGW) recorded a 10% increase in buyer attendance over the previous edition – a cautiously positive signal against a backdrop of complex market realities, Informa Markets Jewellery announced yesterday. Despite ongoing trade tensions, supply chain disruptions and high gold prices rattling the luxury goods market, the world’s No.1 jewellery sourcing destination

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Maharashtra Announces Landmark G&J Policy

Mumbai: In a landmark move, the Government of Maharashtra yesterday announced the Maharashtra State Gem & Jewellery (G&J) Policy 2025, becoming the first state in India to introduce a dedicated policy for the gem and jewellery sector. The policy aims to attract investments worth ₹1 lakh crore and create over 5 lakh new jobs, marking a major step towards transforming

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GJEPC Meet Addresses US Reciprocal Tariff Challenges

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) convened an exclusive trade meet in hybrid mode on 6th October at Bharat Diamond Bourse (BDB) to address the mounting challenges faced by India’s gems and jewellery industry due to US reciprocal tariffs and explore legal pathways to mitigate their impact. In his keynote address, Mr. Kirit Bhansali, Chairman, GJEPC, outlined

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Vaani Kapoor Named Brand Ambassador for Lukson

Mumbai: Lukson, the next-generation fine jewellery brand from the JK Star Group has announced the appointment of celebrated actress Vaani Kapoor as its official Brand Ambassador. With this partnership, Lukson strengthens its vision of making sustainable, design-led, and affordable luxury jewellery a part of everyday life for modern India. Founded in 2024 by third-generation diamantaire Anand Lukhi and co-founder Vedant

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Zimbabwe Running Out of Diamonds

Harare: Zimbabwe is fast running out of diamonds, the latest figures reveal. Zimbabwe diamond exports in sharp decline as alluvial stones run out. Industrial-grade diamonds dominate Zimbabwe’s gem exports, although sales sharply declined to $188 million in 2013 from nearly $658 million in the previous year due to weakening demand from the United Arab Emirates, China and Belgium as mining

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Gold Jewellery Testing Centres in India

Mumbai: To safeguard the interest of the end consumer, the Bureau of Indian Standards (BIS) is coming up with a policy by which a customer will be able to get his gold jewellery tested at the Bureau’s local office. According to the policy, in the event the purity is not as guaranteed by the jeweller, the Assaying and Hallmarking (A&H)

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Indian Diamantaires Offer Large Discounts

Mumbai: Severe liquidity problems are forcing some Indian diamond companies to offer large discounts to off-load inventory in order to pay off loans, according to Indian media reports. The liquidity issues have been sharpened further by the winding down of the Antwerp Diamond Bank (ADB), and recent reports that Standard Chartered Bank is cutting back its exposure to the diamond

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eBay Launches Live Auctions

New York: Online marketplace eBay has launched its live auctions in a move that it says opens the doors of traditional brick-and-mortar auction houses to online shoppers around the world. Among the first sales planned is an Important Jewelry auction, which will be hosted by Doyle New York. The sale, which will take place on October 21, comprises 439 lots.

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