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
Forevermark Diamond Jewellery Launched in India
New Delhi: Forevermark Diamond Jewellery from De Beers Group, the world’s leading diamond company, officially launched as a jewellery brand yesterday. India becomes the lead market for the Forevermark brand with a landmark brand debut and flagship store opening in New Delhi. The opening of the flagship New Delhi store marks a significant milestone in Forevermark’s journey of bringing its
0% U.S. Import Tariff for EU-Polished Diamonds
Antwerp: Thanks to intensive negotiations, the Antwerp World Diamond Centre (AWDC), the umbrella organization for the Antwerp diamond industry, has succeeded in securing a zero percent import tariff for natural polished diamonds under the trade agreement between the European Commission and the United States. This exemption is part of a U.S. executive order, effective retroactively as of Monday, September 1,
GSI Launches State-of-Art Lab in Kolkata
Kolkata: Gemological Science International (GSI) proudly announced the official launch of its laboratory in Kolkata, marking a significant milestone in the company’s commitment to providing world-class gemological services to one of the leading jewellery manufacturing hubs of India. The event, which was attended by prominent industry leaders and luminaries, received an overwhelming outpouring of support and enthusiasm, further solidifying GSI’s
GJEPC Announces Newly Elected CoA for 2025
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of the gem and jewellery trade in India, has announced the results of its recent Committee of Administration (CoA) elections for 2025 for the vacant positions. Welcoming the new members, Mr. Kirit Bhansali, Chairman, GJEPC, said, “I warmly welcome all the newly elected members of the CoA. Each
Manish Jain is New Chairman of GJF
Mumbai: The All India Gems and Jewellery Trade Federation (GJF) announced names of members of its Committee of Administration (COA) for the term 2015 – 2017. The COA for the term comprises a 24 Member team who are industry stalwarts, having been a part of the gem and jewellery industry for several decades. Speaking on the formation of the new
Weak Ruble Boosts ALROSA Revenue, Profit in 1Q
Moscow: ALROSA reported that revenue and profit jumped in the first quarter of 2015, despite prevailing weak market conditions, as the mining company benefited from the sharp depreciation of the Russian ruble against the U.S. dollar. “[First quarter] results were mainly driven by a favorable foreign-exchange market environment,” explained Andrey Zharkov, ALROSA’s CEO. He added that the diamond market was
Christie’s Hong Kong Sets Record in Asia
Hong Kong: The June 2 Christie’s Hong Kong Magnificent Jewels sale garnered nearly $118 million, setting a record for the most valuable jewelry auction ever held in Asia. Three pieces broke world records during the auction: A 120 ct. Burmese ruby and diamond necklace by Etcetera sold for $13 million, setting a world auction record for a ruby necklace; a
India’s Largest One-Stop Shop to Come Up in Surat
Surat: The proposed $1.5 billion India International Trade Centre (IITC) which was originally planned to be set up in Ahmedabad is now expected to come up at Surat Diamond Bourse (SDB) in Surat. Those associated with the project say that closeness to Mumbai, availability of land and prime location tilted in favor of Surat. Last year in November, city-based Kiri
