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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GJC Welcomes Formation of Dakshata Samiti 

Mumbai: The All India Gem & Jewellery Domestic Council (GJC), the apex body representing over 600,000 jewellers across India, has welcomed the Maharashtra Government’s historic step of establishing a state-level ‘Dakshata Committee’ (Vigilance Committee) to ensure the safety and security of jewellers. For a long time, jewellers have faced harassment during investigations of theft and robbery cases involving gold and silver. In

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Augmont Enterprises Files for Rs. 800 Crore IPO 

Mumbai: Augmont Enterprises Limited, an integrated gold and silver platform in India serving businesses and consumers, with a presence across 24 states, as of August 31, 2025, has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI). The IPO comprises of a Fresh issue of equity shares of face value ₹ 5

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Paul De Wachter Appointed CEO of HRD Antwerp

Antwerp: The Board of Directors of HRD Antwerp, a subsidiary of the Antwerp World Diamond Centre (AWDC), has appointed Paul De Wachter as its new CEO. Bringing over twenty years of experience and a proven track record in the international diamond industry, De Wachter will assume the role in January 2026. As CEO, he is tasked with strengthening HRD’s position

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MMTC-PAMP Unveils Lord Shiva 50gm Silver Bar

Mumbai: MMTC-PAMP, India’s only London Bullion Market Association (LBMA) accredited Good Delivery gold & silver refiner, has launched the Lord Shiva 50 grams 999.9+ purity Silver Bar, an exceptional collectible that celebrates the timeless devotion to Lord Shiva, a deity deeply revered in Hinduism. This silver bar is a spiritual masterpiece, a visual embodiment of Lord Shiva’s cosmic power, serenity,

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‘Design Inspirations’ Workshop on Feb 24-25

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) will be organizing ‘Design Inspirations’, its annual two-day workshop on contemporary jewellery design trends for India and key international markets, on February 24-25 at Grand Hyatt, Mumbai. The workshop will be conducted by well-known jewellery trends forecaster Paula DeLuca from Italy. It will cover the trends in India, Europe and USA.

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Diacam360 to be Launched During IDW

Ramat Gan: One of the highlights of the upcoming International Diamond Week (IDW) in Israel, which will commence on February 8, is the launch of a table-top, affordable and easy to use scanning device that produces high quality photos and 360-degree, interactive videos of polished diamonds in seconds. The device, which will be unveiled at the event’s DiamTech exhibit, was

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Diamond Trading: India Team Visits Belgium, Dubai

New Delhi: To expedite the process of setting up a special notified zone for rough diamond trading, the government has sent a team of senior officials to study the trading models in Belgium and Dubai before firming up a policy for India, reports Financial Express. The sending of the team, comprising officials from the ministries of commerce and finance as

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ALROSA to Cut on Diamond Stockpiles in 2015

Moscow: This year ALROSA will sell out some of its diamond stock, the amount of unsold diamonds will reduce to 11 million carats from 18 million carats three years ago, while its loan burden will drop by $1.3 billion from the 2014 level of $3.6 billion, ALROSA’s acting president Ilya Ryaschin was quoted by the company’s corporate journal as saying.

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