We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
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
AWDC Issues Alert about Fake KP Certificate
Antwerp: Belgian officials at the Antwerp World Diamond Center’s (AWDC) Diamond Office issued an alert regarding the interception of a fake Kimberly Process certificate originating from Sierra Leone. The forgery, which has been confirmed by Sierra Leone authorities, uses an old numbering system from 2014, an incorrect parcel number and the dotted lines do not correspond with the original from
U.S. Jewellery Imports Surge in Q3
New York: U.S. jewellery imports jumped 85 percent for platinum in the third quarter of 2015 and 12 percent for gold, ahead of the holiday season, as prices for both precious metals fell for the fifth straight quarter, Thomson Reuters GFMS calculations showed on Monday. “The holiday season is the most significant contributor to annual retail sales,” said Chicago-based Erica
ALROSA Mulls Production Cut in 2016
Moscow: ALROSA may reduce production in 2016 as its rough diamond inventory is at a critical level in a weak market. “Currently, our inventory stands in excess of 20 million carats and increasing inventory further would not be feasible for the company, or it would be difficult economically,” Ilya Ryashchin, ALROSA’s first vice president in charge of finance and economy,
Rio Tinto Completes First Rough Viewing at IDTC
Mumbai: Rio Tinto recently completed the inaugural rough diamond viewing at the India Diamond Trading Centre (IDTC) – India’s first SNZ – in Mumbai’s Bharat Diamond Bourse (BDB). The viewing was held from November 23 to November 25, 2015. The selection on view included rough diamonds from Rio’s Argyle and Diavik mines. After completion of the viewing, the diamonds were
IIJS Bharat Premiere Receives Special Messages from India’s FM, Gujarat CM
Mumbai: IIJS Bharat – Premiere 2026 has received special messages from India’s Finance Minister and Minister of Corporate Affairs, Mrs. Nirmala Sitharaman and also from Gujarat Chief Minister Mr. Bhupendra Patel, recognizing India’s growing leadership in the global gem & jewellery industry. IIJS Bharat Premiere has grown into one of the world’s leading business platforms for the gem and jewellery
PNG Jewellers Achieves Record Q1 FY27 Revenue of 24,130 Mn
Pune: P N Gadgil Jewellers Limited has announced its unaudited financial results for the quarter ended 30th June 2026. Key Financial & Operational Highlights: § Retail Contribution: Retail sales continued to strengthen, with the retail share of total revenue increasing to 78% in Q1 FY27 from 70% in Q1 FY26, reflecting the Company’s continued focus on expanding its high-margin retail business. § Strong Same-Store Performance: The Company delivered a robust Same-Store Sales Growth (SSSG) of 46.1% YoY, driven by healthy
US Tariff Could Dent Growth of India’s G&J Industry: GJC
Mumbai: The United States (US) has maintained a 10% additional tariff on Indian gem and jewellery (G&J) exports under a permanent Section 301 regime, which replaced the previous temporary Section 122 surcharge on July 24, 2026. This duty applies to natural diamonds, lab-grown diamonds, coloured gemstones, and finished jewellery, impacting India’s primary overseas market. Expressing his dissatisfaction on the move,
The Platinum Buyer Seller Meet Ends Successfully
Kochi: The Platinum Buyer-Seller Meet (BSM) 2026, hosted by Platinum Guild International (PGI) in Kochi on 8th & 9th July, brought together 10 manufacturers, more than 70 retailers and industry partners for discussions on product innovation, changing consumer demand and the future growth of platinum jewellery in India. Over the last few years, platinum jewellery has sustained double-digit growth in
