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
De Beers Revises 2015 Production Guidance
Gaborone: Global diamond giant, De Beers Group, which is 85-percent owned by Anglo American, has revised its production guidance for 2015 to 29 million carats from 31 million carats. Anglo chief executive Mark Cutifani said the move was necessitated by a continuation of the market weakness of late 2014 during the first six months of the year that resulted in
Commodity Prices to Decline in 2015: World Bank
New York: The prices for all major commodities will like fall in 2015, the World Bank forecasted in its Commodity Markets Outlook report released on Wednesday. The bank projected that prices for precious metals, specifically gold, silver and platinum, will decline 9 percent in 2015 due primarily to reduced investment demand. The bank said that it expected gold prices to
India Grants Duty Exemption to Three Labs
Mumbai: Gem & Jewellery Export Promotion Council (GJEPC) has informed all diamantaires that the Central Board of Excise and Customs (CBEC), Government of India, has issued a notification granting duty exemption on cut & polished diamonds that are imported for the purposes of ‘grading or certification and re-export out of India’ to three laboratories operating within the country. The three
Value of India’s Gold Reserves Reduces By 44%
Mumbai: Gold free fall has wiped out 44% of the value of gold reserves with the Reserve Bank of India (RBI) compared with the peak levels in 2011, according to Firstpost. The report marks that at the recent five-year low of $1,072.35 per ounce on 20 July, the value of the RBI’s gold reserves plunged to about $21.1 billion, down
‘Advanced Leadership Programme in Gold Entrepreneurship’
Mumbai: The Indian Association for Gold Excellence and Standards (IAGES), announced the launch of the Advanced Leadership Programme in Gold Entrepreneurship, developed jointly with SPJIMR (Bharatiya Vidya Bhavan’s S. P. Jain Institute of Management & Research). The six-month executive programme is designed to build a new generation of professionally trained leaders for India’s gold and jewellery industry, combining SPJIMR’s academic
Did Natural Diamond Ind. Misjudge LGD Threat?
The natural diamond industry is finally confronting a question it perhaps should have asked much earlier: Did it underestimate the speed, scale and nature of the laboratory-grown diamond (LGD) revolution? For years, laboratory-grown diamonds (LGDs) were treated by much of the natural diamond industry as a niche product—an inexpensive alternative with limited appeal to serious jewellery consumers. The assumption was
India’s G&J Exports Rise 2.44% in April–July 2026
Mumbai: India’s gross gems and jewellery (G&J) exports for the April–July 2026 period stood at US$ 9.17 billion (Rs. 87,078.01 crore), registering 2.44% growth in US Dollar terms and 13.58% growth in Rupee terms over the corresponding period last year, according to figures provided by Gem & Jewellery Export Promotion Council (GJEPC). The growth has been led by value-added segments.
Russia Plans Europe’s Largest Diamond Cutting Cluster
Moscow: Russia is planning to create the largest cluster of diamond-cutting facilities in Europe, in a move aimed at retaining more value from its stones. The cluster will combine Alrosa’s Kristall cutting plant in Smolensk with facilities in the Republic of Sakha (Yakutia), Russia’s main diamond-producing region. President Vladimir Putin formalized the plan in an executive order signed August 6.
