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
Ernest Blom Re-Elected as WFDB President
Antwerp: Ernest Blom, current president of the World Federation of Diamond Bourses (WFDB), was re-elected for another two-year period unopposed during the first working session of this week’s 36th World Diamond Congress in Antwerp. The following people were also elected: Julien Drybooms as WFDB Vice President; Rony Unterman as WFDB Secretary-General and Michel Schonfeld as Deputy Secretary-General; Dieter Hahn as
Grown Diamonds Gaining Popularity
New York: According to a recent press release by Frost & Sullivan consultancy, there is positive consumer outlook for grown diamonds, but challenging supply side factors restrain their market potential. Demand for colorless diamonds in value and volume terms is higher than any other color of diamond in the gems and jewellery industry. One of the key factors that prevented
Inaugural Ruby Auction Nets $33.5m – Gemfields
Johannesburg: The inaugural auction of rough ruby and corundum mined at Aim-listed Gemfields’ 75%-owned Montepuez deposit, in Mozambique, has raised $33.5-million, taking the coloured-gemstones mining and marketing company’s overall revenue for rough gemstone sales to in excess of $143-million for the current financial year. The auction, held in Singapore from June 12 to 17, had included both high- and low-quality
GJEPC Demands Relaxations from Govt.
Mumbai: The Gems and Jewellery Export Promotion Council (GJEPC) has urged the government to reduce import duty on gold and silver to 2 per cent from 10 per cent. An official News Release received by this website says that the body has also demanded for scrapping the existing 80:20 scheme, which was imposed by the government in August last year,
GJEPC Meets FM to Discuss Industry Key Issues
New Delhi: Leaders of India’s Gem & Jewellery Export Promotion Council (GJEPC) met with the Finance Minister (FM) Mrs. Nirmala Sitharaman, to discuss pressing issues and the way forward for the gem and jewellery industry. Mr. Kirit Bhansali, Chairman, GJEPC, and Mr. Shaunak Parekh, Vice Chairman, GJEPC, along with Mr. Sabyasachi Ray, Executive Director, GJEPC, engaged in a courtesy meeting
GJC’s First Labham Seminar in Ahilyanagar
Ahilyanagar: The All India Gem & Jewellery Domestic Council (GJC) successfully organized its flagship knowledge-sharing event this week, the Labham Seminar, at Hotel Raj Palace in Ahilyanagar. This was the first-ever Labham Seminar held in Ahilyanagar, conducted in collaboration with the Gold Jewellers Council – Ahilyanagar, a prestigious association dedicated to the growth and prosperity of the local jewellery trade.
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,
