We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Why Is a Widening Gulf War Lifting Oil but Sinking Gold and Silver?
Macro Snapshot: The week ending 30 October brought the kind of news that once sent buyers into gold. Reuters reported the first known successful limpet-mine strike on a tanker in the Strait of Hormuz since the war began in February, and Houthi forces claimed strikes on Saudi refineries. Washington ordered non-emergency government staff out of Saudi Arabia amid reports that US strikes on Iran could resume after the 3 November midterm elections. Brent rose 13.6% over October, with the expiring
Why Is a Widening Gulf War Lifting Oil but Sinking Gold and Silver?
Macro Snapshot: The week ending 30 October brought the kind of news that once sent buyers into gold. Reuters reported the first known successful limpet-mine strike on a tanker in the Strait of Hormuz since the war began in February, and Houthi forces claimed strikes on Saudi refineries. Washington ordered non-emergency government staff out of Saudi Arabia amid reports that US strikes on Iran could resume after the 3 November midterm elections. Brent rose 13.6% over October, with the expiring
Top News
Alrosa Recovers 78.02-Carat Diamond
Moscow: The ALROSA diamond mining company reported the discovery of a large diamond weighing 78.02 carats at the Mir kimberlite pipe in Yakutia. The size of the diamond is 28.5 x 28.4 x 24.2 mm. This transparent, yellowish-greenish crystal has an octahedral shape, with minor technology-related damage of two tops and small inclusions. According to preliminary estimates of the Diamond
Belgium Approves New “Carat” Tax Proposal
Antwerp: Belgian newspaper Gazet van Antwerpen reports that Belgium’s Federal Council of Ministers has finalized and approved the legislative framework accompanying the budget proposal, including the new tax proposal for the diamond industry. According to Belgium’s Minister of Finance, Van Overtveldt, the new tax system, calculated as 0.55% of turnover, will result in an additional €50 million in tax revenue,
Euro MPs Vote to Ban Conflict Minerals
Brussels: In a surprise decision, the European Parliament recently voted to ensure that as with diamonds and other precious stones, European Union (EU) importers of tin, tantalum, tungsten and gold for manufacturing consumer goods, be certified by the EU to ensure they do not fuel conflicts OR human rights abuses in conflict areas. The decision to ban was unexpected because
India Condemns Discriminatory Practices
Mumbai: A news report appeared in some newspapers has alleged that Harikrishna Exports declined job to a person on basis of religion. Chairman of The Gem & Jewellery Export Promotion Council (GJEPC) Mr. Vipul Shah has issued a statement in this reference which says, “The Gem & Jewelry industry of India condemns discriminatory practices in employment and trading, be it
KISNA Opens Showroom in Borivali, Mumbai
Mumbai: KISNA Diamond and Gold Jewellery, one of India’s foremost jewellery brands, proudly announces the grand opening of its 82nd exclusive showroom at Sky City Mall, F-02, First Floor, Devipada, Western Express Highway, Borivali. This milestone reinforces KISNA’s commitment to making luxury diamond and gold jewellery more accessible across India, furthering its vision of ‘Har Ghar KISNA.’The prestigious launch event
David Kellie to Step Down from NDC Post
Mumbai: Mr. David Kellie has announced that he will be stepping down as CEO of the Natural Diamond Council (NDC) by the end of 2025. He has expressed his decision in a post on the Linkedin. The post says, “Following the successful signing of the Luanda Accord committing more diamond producers to provide funding support for the promotion of natural
De Beers to Relaunch Institute of Diamonds at IIJS
Mumbai: Are you attending the India International Jewellery Show Premiere (IIJS) 2025 this July? If so, make sure to save the date for the De Beers Group ‘Show & Tell’ event being held in partnership with the India Natural Diamond Retailers Alliance (INDRA). India’s Gem & Jewellery Export Promotion Council (GJEPC) is organizing the IIJS from 30th July to 4th
NDC Unveils Fancy Color Diamond Report
Paris: The Natural Diamond Council (NDC), in partnership with Choron Group and the Fancy Color Research Foundation (FCRF), has unveiled a groundbreaking report celebrating fancy colour diamonds. Released to coincide with Paris Couture Week, the Fancy Colour Diamond Report casts a global spotlight on these exceptionally rare and natural gems. This is the first comprehensive report of its kind, offering
