We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
A Surging Rupee Tripled Gold’s Global Loss in India as Silver Broke Down
Macro Snapshot: The Reserve Bank of India changed the domestic arithmetic before trading opened on 12 October. On 10 October it announced a special window to meet the entire daily dollar requirement of Indian Oil, Bharat Petroleum and Hindustan Petroleum directly from its reserves, taking a large block of import demand out of the spot market. The central bank also tightened rupee derivative rules, imposing a 20% Foreign Exchange Risk Reserve on eligible contracts above $2 million and barring the
A Surging Rupee Tripled Gold’s Global Loss in India as Silver Broke Down
Macro Snapshot: The Reserve Bank of India changed the domestic arithmetic before trading opened on 12 October. On 10 October it announced a special window to meet the entire daily dollar requirement of Indian Oil, Bharat Petroleum and Hindustan Petroleum directly from its reserves, taking a large block of import demand out of the spot market. The central bank also tightened rupee derivative rules, imposing a 20% Foreign Exchange Risk Reserve on eligible contracts above $2 million and barring the
Top News
Will Gold Prices Plunge Next Year?
Mumbai: Gold prices may plunge to $800 an ounce by the end of next year as investors are likely to turn extremely bearish on the yellow metal prices amid a strengthening US dollar. The prices of precious metal are estimated to fall to $1,000 an ounce by December this year, from the current level of $1,140 an ounce, according to
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
Jennifer Lopez Named Ambassador for Zen Diamond
Mumbai: Jennifer Lopez is named as the new brand ambassador for Zen Diamond. As the company continues its international expansion across 22 countries, this collaboration marks a significant step in its journey toward becoming a globally recognized brand. At the beginning of August 2025, while performing across Europe and Asia on her “Jennifer Lopez Up All Night” tour, Jennifer Lopez
HRD Antwerp to Stop Grading Loose LGDs
Antwerp: HRD Antwerp announced it will stop grading loose lab-grown diamonds (LGDs) for commercial use, starting from January 2026. This move is intended to clearly distinguish between natural and lab-grown diamonds and strengthen consumer confidence in the natural diamond market. The lab will continue to issue certificates for jewelry that contains LGDs and will still analyze synthetic stones for research purposes.
CIBJO Congress Focuses on Standards & Sustainability
Paris: The 2025 Annual Congress of the World Jewellery Confederation (CIBJO) opened on October 27 at the Comet Auditorium in Paris, welcoming more than 250 delegates from across the global jewellery supply chain. The gathering marks a milestone year for CIBJO as it nears its centenary, reaffirming its position as the guardian of industry standards, consumer trust, and ethical business
De Beers Reports Increase in Q3 Production
London: De Beers reported a sharp increase in rough diamond sales and production for the third quarter of 2025 compared to the same period last year. The sales volume tripled due to an extra selling event (Sight) in Q3 2025, which was reduced during the market downturn in Q3 2024. Production was up 38% year-on-year, primarily driven by higher output from
