Global Gold City Project Announced
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The Correction is Ten Weeks Old. The Floor Has Not Broken. Is That the Signal?
Macro Snapshot: The week ending July 31 delivered two of the most consequential macro events of 2026, and neither resolved the stalemate that has defined gold and silver for five weeks. On Wednesday July 29, the Federal Reserve held rates at 3.50-3.75% in a divided 9-3 vote. Three regional Fed presidents (Cleveland’s Beth Hammack, Minneapolis’ Neel Kashkari, and Dallas’ Lorie Logan) dissented in favour of an immediate 25 basis point hike, the largest number of dissents for rates to move
The Correction is Ten Weeks Old. The Floor Has Not Broken. Is That the Signal?
Macro Snapshot: The week ending July 31 delivered two of the most consequential macro events of 2026, and neither resolved the stalemate that has defined gold and silver for five weeks. On Wednesday July 29, the Federal Reserve held rates at 3.50-3.75% in a divided 9-3 vote. Three regional Fed presidents (Cleveland’s Beth Hammack, Minneapolis’ Neel Kashkari, and Dallas’ Lorie Logan) dissented in favour of an immediate 25 basis point hike, the largest number of dissents for rates to move
Top News
TDC to Prevent Bankrupt Co. from Doing Business
Mumbai: The Trade Disciplinary Committee (TDC) set up jointly by The Gem & Jewellery Export Promotion Council (GJEPC), the Bharat Diamond Bourse (BDB) and the Mumbai Diamond Merchants’ Association (MDMA), has issued a circular for members of the respective organisations intimating them that action will be taken against entities which have declared bankruptcy/insolvency, and continue to conduct business through another
Domestic Council for G&J Sector on 31st Jan
New Delhi: A meeting was held with the Director General of DGFT in New Delhi, where several representatives from the gems and jewellery sector joined to meet and discuss on the structure of the domestic council for the gems and jewellery sector. It was decided in the meeting to form the council and make an announcement about the same on
New Synthetic Diamond Venture to be Launched
Toronto: The former chief executive of the world’s third-largest diamond miner is launching a company making lab-grown diamonds, in the latest challenge to the mining industry from man-made stones. Patrick Evans, who left Canada’s Dominion Diamond in December, will pick a location in the US with access to cheap solar power to produce lab-grown diamonds targeting the bridal market. The
GJEPC to Issue Parichay Cards for Artisans
Kolkata: India’s Gem & Jewellery Export Promotion Council (GJEPC) has introduced Parichay Cards (Identity cards) for artisans in West Bengal which will be rolled out soon nationally. The GJEPC is holding advanced talks with the ministry of skill development and entrepreneurship (MoSDE) for national classification of gem & jewellery sector workers/ craftsmen under LMIS (Labour Management Information Systems). This segment-wise
TDC to Prevent Bankrupt Co. from Doing Business
Mumbai: The Trade Disciplinary Committee (TDC) set up jointly by The Gem & Jewellery Export Promotion Council (GJEPC), the Bharat Diamond Bourse (BDB) and the Mumbai Diamond Merchants’ Association (MDMA), has issued a circular for members of the respective organisations intimating them that action will be taken against entities which have declared bankruptcy/insolvency, and continue to conduct business through another
Domestic Council for G&J Sector on 31st Jan
New Delhi: A meeting was held with the Director General of DGFT in New Delhi, where several representatives from the gems and jewellery sector joined to meet and discuss on the structure of the domestic council for the gems and jewellery sector. It was decided in the meeting to form the council and make an announcement about the same on
New Synthetic Diamond Venture to be Launched
Toronto: The former chief executive of the world’s third-largest diamond miner is launching a company making lab-grown diamonds, in the latest challenge to the mining industry from man-made stones. Patrick Evans, who left Canada’s Dominion Diamond in December, will pick a location in the US with access to cheap solar power to produce lab-grown diamonds targeting the bridal market. The
GJEPC to Issue Parichay Cards for Artisans
Kolkata: India’s Gem & Jewellery Export Promotion Council (GJEPC) has introduced Parichay Cards (Identity cards) for artisans in West Bengal which will be rolled out soon nationally. The GJEPC is holding advanced talks with the ministry of skill development and entrepreneurship (MoSDE) for national classification of gem & jewellery sector workers/ craftsmen under LMIS (Labour Management Information Systems). This segment-wise
