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
WFDB Concludes EXCO Meeting
Antwerp: The World Federation of Diamond Bourses (WFDB) EXCO has ended a three day program of discussions and meetings that included an extensive strategy session to analyze, discuss and decide on its future mission across the growing, global diamond trade. The strategy session debated and agreed on themes that connect the WFDB and the international diamond trade’s past and present
New ALROSA Head Will Be Appointed Soon
Moscow: President of ALROSA will be appointed within a month, said Yury Trutnev, Deputy Prime Minister of Russia. “The decision concerning new head of ALROSA will be taken within a month,” RIA Novosti quotes him as saying. Earlier in October Trutnev said that the list of candidates for ALROSA’s presidentship was prepared and should be brought in the Government. In
Groups including GJEPC Boycott WDC Meeting
Antwerp: Eight prominent industry groups are boycotting the upcoming World Diamond Council in Antwerp, out of concern that the group is widening its mandate beyond conflict diamonds. The groups, led by the World Federation of Diamond Bourses (WFDB), expressed particular concern about a survey done by the group, conducted by Belgian consulting firm Gemdax. They characterized the survey, which will
Exceptional Results for Argyle Pink Diamonds Tender
Perth: Rio Tinto’s 30th anniversary collection of 54 rare pink and red diamonds from its Argyle diamond mine has delivered exceptional results, achieving the highest average price per carat since the Tender began in 1984. With a record number of more than 600 bids, the collection was internationally popular with successful bids for the rare diamonds submitted from ten countries.
PGI Appoints Vaishali Banerjee as Head of Global Market Development
Mumbai: Platinum Guild International (PGI) has announced key leadership augmentations, naming Vaishali Banerjee as Head of Global Market Development, a role that signals PGI’s sharpened focus on unlocking the global demand potential for platinum. In addition to this new mandate, Vaishali will continue in her existing role as Managing Director – India & ME — both critical growth hubs for
Focus on Expanding Definition of Conflict Diamonds: Feriel Zerouki
Dubai: In a keynote address at the opening of the Kimberley Process (KP) Intersessional meeting, Feriel Zerouki, President of the World Diamond Council (WDC), urged participants to focus on expanding the definition of conflict diamonds, while recognizing the vital role of industry efforts to strengthen and complement the KP framework. “Expanding the definition of conflict diamonds is at the heart
SAJEX to Open New Horizens for GJ Industry
Riyadh: The Saudi Arabia Jewellery Expo (SAJEX) 2025, organised by the Gem & Jewellery Export Promotion Council (GJEPC), is poised to be a landmark event for Indian jewellery manufacturers looking to tap into the lucrative and largely untapped Saudi Arabian market. With a focus on strengthening trade relations between India and Saudi Arabia, SAJEX offers a unique platform for exhibitors
Kagem to Resume Focused Open-Pit Mining
London: Gemfields has recently announced that its Kagem emerald mine in Zambia will recommence focused open-pit mining to enhance the recovery of premium emeralds. Following a strategic suspension of all mining activities announced on 23 December 2024, Kagem shifted its focus to processing ore from its stockpile. While 2025 emerald production has met carat recovery expectations, the proportion of higher-quality
