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
Israel: Two Polished Diamond Companies ‘Collapse’
Ramat Gan: Two Israeli companies trading in polished diamonds have ‘collapsed’, according to a report by Israel’s Yediot Aharonot business section ‘Mamon’, and have ceased operations. The one company, Ben David Diamonds, reportedly has debts of between US$40 million and US$70 million, and the other, Mostrov Diamonds, owes round US$24 million, says the news source, with the debts mostly owed
Diamond Trafficking Still Financing CAR Conflict
Bangui: The smuggling of diamonds from the Central African Republic (CAR) into neighbouring Cameroon and Chad is said to be fueling the country’s internecine conflict. The export of diamonds from CAR was banned in May 2013 by the Kimberley Process, after the country plunged into chaos in March 2013 when predominantly Muslim Seleka rebels seized power, triggering reprisals by “anti-balaka”
India, China to Boost Global Jewellery Sales till '20
Mumbai: India and China will continue to fuel growth in the global gemstone and jewellery industry until 2020, thanks to consumers’ rising disposable income and changing preferences, increasing demand for branded jewellery and strong sales from online retail channels. Demand for gold, diamond, platinum and coloured gemstone jewellery is gradually increasing due to rising availability, expanding distribution network and rising
Mini Raman Spectrometer by Diamond Services
Hong Kong: As it prepares for the launch of its ground-breaking mini Raman Spectrometer at the Hong Kong Jewellery & Gem Fair in September, Diamond Services has announced that a U.S. $2,000 introductory discount will be provided to buyers of the new system during the days of the show. The standard price of the mini Raman Spectrometer will be U.S.
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
