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
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
Gem-A Appoints New CEO
London: The Gemmological Association of Great Britain (Gem-A) has announced the appointment of Alan Hart FGA DGA as the Association’s new CEO. A former member of the Gem-A Council, Hart is currently Head of Earth Sciences Collections at the Natural History Museum, London. With a wealth of experience in the gem and mineral trade, Hart started his career at the
RJC Adds Coloured Gemstones to Coverage
New York: The Responsible Jewellery Council (RJC) is to add colored gemstones to its material coverage following discussions with its members, external stakeholders and the colored-gemstone sector over the past five years, the trade body announced in a press release at the BaselWorld tradeshow. Currently, the RJC covers diamonds, gold and platinum-group metals. The RJC will next revise its code
Rio Tinto Announces New Chief
Perth: International mining corporation Rio Tinto has announced that the company’s Chief Executive Sam Walsh will be retiring on 1 July 2016. Rio Tinto’s Copper & Coal division’s Chief Executive Jean-Sébastien Jacques, has been chosen to take over from Walsh, and in the interim will join the board and become deputy Chief Executive with immediate effect. Jacques, who has served
Indian Jewellers Call off Strike
Mumbai: Jewellers on Saturday called off their 18-day old strike demanding rollback of proposed excise duty on non-silver jewellery after government assured them that there will be no harassment by excise officials. Major jewellery associations, including All India Gems and Jewellery Trade Federation (GJF), India Bullion and Jewellers Association (IBJA) and Gem & Jewellery Export Promotion Council (GJEPC) decided to
