We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
Top News
WFDB Praises Luanda Accord to Support Natural Diamonds
Antwerp: The World Federation of Diamond Bourses expressed full support for the Luanda Accord, the agreement reached last week among major diamond-producing countries and trading centers to fund the promotion of natural diamonds, in a meeting in Luanda, Angola. All the signing parties have agreed to contribute 1% of the annual revenue they generate from rough diamonds to the Natural Diamond
GIA Appoints Pritesh Patel as President & CEO
Mumbai: The Board of Governors of the Gemological Institute of America, Inc. (GIA) has named Pritesh Patel, currently GIA’s Chief Operating Officer, as the Institute’s President and Chief Executive Officer, effective August 4, 2025, according to a press release. Mr. Patel succeeds Susan M. Jacques, GIA’s President and CEO since 2014, who will continue at GIA as a strategic advisor
Stage is Set for Platinum BSM in Kochi
Mumbai: All roads now lead to the Platinum Guild International (PGI) – India’s 8th annual flagship event, the Platinum Buyer-Seller Meet (BSM). Scheduled to take place on June26th and 27th, 2025, in Kochi, this marquee industry event will bring together leading retail and manufacturing partners across India’s platinum jewellery industry to showcase innovation, foster strategic partnerships, and drive category growth in a dynamic
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
Piyush Goyal Chairs SEEPZ CFC Progress Review Meet
Mumbai: India’s Minister of Commerce & Industry Mr. Piyush Goyal visited SEEPZ-SEZ in Mumbai on 30th July to review the progress of Mega Common Facility Centre (CFC). This was the minister’s second review meeting of the Mega CFC in the month of July 2022. “This modern infrastructure with focus on technology, trade and training will help transform India’s Gem &
Rare Tiny Diamonds Found in Australia
Perth: An extremely rare type of diamond has been discovered in Australia – but it will be of more interest to geologists than the gem industry, reports idexonline.com. The “metamorphic diamonds” are invisible to the naked eye and can only be viewed with a laser and a microscope. Researchers from James Cook University, in Queensland, found them in rocks along
5th Platinum BSM Concluded Successfully
Bengaluru: Following the success of four editions in the past, Platinum Guild International – India successfully culminated its fifth edition of ‘Platinum Buyer-Seller Meet’ (BSM) on 14th & 15th July in Bangalore. Organized exclusively as a by-invitation-only meet for select authorised platinum jewellery manufacturers & retail partners under the PGI programme, the meet showcased the true potential of platinum and
De Beers H1 Revenue +24% To $3.6 Billion
London: De Beers’ total revenue in H1 2022 that ended 30th June increased 24% year-on-year to $3.6 billion, with rough diamond sales rising 27% to $3.3 billion, as the midstream replenished their stocks following strong consumer demand over the holiday season. Rough diamond sales volumes dropped 20% to 15.3 million carats as against 19.2 million in the prior period, which
