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
GIA Changing Colored Stone, Pearl Reports
New York: Gemological Institute of America has tweaked its colored stone and pearl reports, adding better imagery and more information geared toward consumers. Beginning Feb. 1, GIA will issue the same form report for both colored stones and pearls, although the reports will still list information specific only to those gems. Other changes include: The colored stone and pearl reports
De Beers Generates $450m from January Sight
Gaborone: De Beers is said to have earned about $450 million from its first sight of 2015, which ended recently in Botswana. Rapaport cited unnamed sightholders as saying that a number of boxes were deferred, representing about 20 percent of the overall sight value. Allegedly, rough diamond prices declined by about 4 percent and De Beers made significant price adjustments
HDFC, SBI among Top 50 Global Banks
Mumbai: Two Indian banks, HDFC Bank and State Bank of India (SBI), now figure in a list of the top 50 global banks in terms of market capitalization. HDFC Bank, India’s second-largest private lender in terms of asset size, ranks 45th, with a market capitalization of $39 billion, Bloomberg data show. With a market capitalization of $38 billion, SBI is
IDI Repeats Successful B2C Promotion
Ramat Gan: Bolstered by the success of its Cyber Monday B2C e-commerce campaign, the Israel Diamond Institute Group of Companies (IDI) has decided to make the pop-up platform a recurring event. IDI has just launched Sweet Valentine: Diamond Deals from Israel, a specially curated mini-site which features heart-themed diamond jewelry and loose diamonds from leading Israeli companies at discounts of
Will LGDs Disrupt Indian Gold Jewellery Market?
Mumbai: Women may start blending natural and lab-grown diamonds (LGDs) into their jewelry collections, which could lead to a gradual rise in the popularity of LGD-studded pieces. This change is likely to be driven by factors such as education, disposable income, and shifting fashion trends. With LGDs priced much lower than natural diamonds, the jewelry industry is set for transformation.
Jemora Gemhouse Expands Viewing to New York
Dubai: Following the overwhelming response to the launch of Jemora Gemhouse, it has announced an additional viewing opportunity for its inaugural auction in New York, scheduled for March 24-26, 2025. This follows the initial viewing on March 17-19, 2025, at the DMCC’s Almas Tower, Dubai, UAE. The auction results will be announced on March 27, 2025. An exceptional selection of high-value,
India-Thailand Ink MoUs to Boost G&J Trade
Bangkok: A high-level delegation of 18 members from the Gem and Jewellery Export Promotion Council (GJEPC), Jewellers Association Jaipur, and Sitapura Gems and Jewellery Industry Association visited Thailand from 22nd to 24th February 2025 to explore collaborative opportunities in the sector, reflecting a unified effort to strengthen trade ties between India and Thailand. The most significant highlight of the delegation
Momentum is Gearing up for IIJS Tritiya
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) is gearing up for the upcoming IIJS Tritiya 2025, scheduled to take place from 21-24 March 2025, at the Bengaluru International Exhibition Centre (BIEC). The excitement surrounding the event is palpable, with stall allotment currently underway at the Bharat Ratnam Mega CFC, in Seepz, Mumbai. The IIJS Tritiya 2025 edition, now
