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
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Endiama, Sodiam Join Natural Diamond Council
Mumbai: Angola’s two leading state-owned diamond institutions, ENDIAMA E.P. and SODIAM E.P., have formally announced their joint commitment to generic category marketing by joining the Natural Diamond Council (NDC) as contributing members, effective July 1, 2025. As the third-largest global producer of natural diamonds and one of the most promising in terms of future deposit discoveries, Angola continues to strengthen
GJEPC Champions Diamond Sustainability at Russia Forum
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) made a strong statement on diamond sustainability and global collaboration at the 28th St. Petersburg International Economic Forum (SPIEF) held in Russia on 19 June. Representing India at the forum were Mr. Kirit Bhansali, Chairman, GJEPC; and Mr. Ajesh Mehta, Convener, Diamond Panel, GJEPC. The GJEPC delegation also met Mr. Pavel
HRD Ceases Certifying Synthetic Diamonds
Antwerp: HRD Antwerp, the Antwerp-based diamond laboratory and subsidiary of the Antwerp World Diamond Centre (AWDC), has announced that it will cease certifying synthetic diamonds. With this decision, HRD becomes the first and only diamond lab in the world to focus exclusively on natural diamonds. The move reaffirms Antwerp’s role as the international hub for natural diamond trading and marks
GJEPC Signs Historic ‘Luanda Accord’
Luanda: India’s Gem & Jewellery Export Promotion Council (GJEPC) has signed yesterday ‘The Luanda Accord’ in Luanda, Angola alongside the Mining Ministers of Angola, Botswana, South Africa, and Namibia, in collaboration with prominent industry bodies such as AWDC, Belgium, DMCC, Dubai, and De Beers. As the leading global organization driving the international growth of the jewellery industry, GJEPC’s efforts are
India’s Q3 Gold Jewellery Demand +17% to 146.2 Tonnes
Mumbai: India’s gold demand for Q3 2022 grew 14% to 191.7 tonnes as compared to 168 tonnes in Q3 2021, according to the World Gold Council’s (WGC’s) latest Gold Demand Trends report. India’s total Q3 2022 gold demand in value terms was ₹85,010 crore, up by 19% as compared to Q3 2021 (Rs 71,630 crores). Mr. Somasundaram PR, Regional CEO, India, World
Sebi Bars Mehul Choksi for 10 Years
Mumbai: Sebi on Monday barred fugitive businessman Mehul Choksi from the securities markets for 10 years and imposed a fine of Rs. 5 crore on him for indulging in fraudulent trading in the shares of Gitanjali Gems Ltd. He has been directed to pay the penalty within 45 days, according to the Securities and Exchange Board of India (Sebi) order.
De Beers Appoints Lupita Nyong’o as Global Ambassador
London: De Beers has appointed Lupita Nyong’o as its first Global Ambassador. The Academy Award-winning actor stars in the new brand campaign, De Beers: Where It Begins, which tells the story of the only global luxury brand that starts at the source. As a core element of the partnership Nyong’o will support De Beers’ Building Forever commitment, which aims to
De Beers Declares 2023 Sight Dates
Gaborone: De Beers has released its sales schedule for next year, with the miner holding its usual 10 sights across the 12-month period. The miner sells most of its rough to sightholders through a contract system under which clients make certain purchasing commitments in return for consistent supply. In April 2021, the miner introduced a new sales agreement offering more
