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
Maharashtra CM Assures Full Support to G&J Ind
Mumbai: The Chief Minister of Maharashtra Mr. Devendra Fadnavis has assured the gem and jewellery industry of complete support from his government and promised a speedy solution that will allow exporters to provide bank guarantees instead of upfront payment on VAT charged on gold. He was speaking as Chief Guest at the 41st India Gem and Jewellery Awards (IGJA 2014)
Falling Oil Prices to Spur Diamond Demand in India
Mumbai: De Beers is optimistic about an increase in demand for diamonds in India and US in 2015 following the downwardly trending oil prices. It expects the slide in oil prices to turbo charge the diamond consumer markets, according to a report published in The Times of India. At the recent reception to mark the first 12 months of sightholder
Taxes May Force Rio to Close Gem Mine in Zim
Harare: Rio Tinto Group told staff in Zimbabwe that government taxes may force it to close its sole diamond mine in the country, a letter to staff shows. The Murowa Diamond Mine, which is 78 percent held by London-based Rio, was valued at $279 million by Deutsche Bank in 2013. It produced 101,000 carats of gems in the fourth quarter
Alrosa Production Reaches 36.21 Million Carats
Moscow: Alrosa announced that production in its fourth quarter increased 8 percent over the previous quarter, to reach 10.56 million carats. In 2014, diamond production totaled 36.21 million carats, exceeding expectations by 210,000 carats. The company said the production increase was driven by the completion of planned maintenance at the plants that process ore from the International, Aikhal and Mir
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
India Govt. Releases Special BDB Postal Stamp
Bharat Diamond Bourse (BDB), the world’s largest diamond trading exchange, proudly marks a dual milestone this year; 41 years since its incorporation and 15 glorious years of successful operations at its iconic Bandra Kurla Complex premises since 17th October 2010. To commemorate this milestone, the Department of Posts, Government of India, released a special BDB Postal Stamp recognizing the Bourse’s outstanding contribution to India’s diamond industry and global trade excellence. The
