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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Platinum Jewellery Sales Grew 15% on Akshay Tritiya
Mumbai: On Akshaya Tritiya 2025, despite high gold prices, overall gold and silver sales in India reached a significant ₹16,000 crore, with gold jewelry and related items contributing around ₹12,000 crore. While sales volumes saw a dip due to the price increase, the total value of sales remained strong. Gold prices were near peak levels during Akshaya Tritiya 2025, leading
WFDB Supports United Industry Position on Tariffs
Antwerp: The World Federation of Diamond Bourses (WFDB) announced recently that it stands united with the industry-wide position to request that the US Government grant a tariff exemption for natural diamond imports. The WFDB supports the statement released by the World Diamond Council (WDC) yesterday, which advocates for an industry-wide strategic exemption for natural diamonds. The WDC statement has been
India UK Sign Free Trade Agreement
Mumbai: India and the United Kingdom (UK) sorted out major differences during the latest round of talks in April end at London and announced yesterday the conclusion of the long-awaited Free Trade Agreement. Amid fears of potential fresh tariffs under US President Donald Trump and a renewed global push for deal-making, the UK trade agreement is the first among many India is
Diavik Gets TSM Excellence Award
Perth: Rio Tinto’s Diavik diamond mine has been awarded the Towards Sustainable Mining (TSM) Environmental Excellence Award for its solar power plant, the largest off-grid solar installation in Canada’s territories. Activated in July last year, the 3.5-MW facility features 6 620 bi-facial panels and is designed to meet up to 25% of the site’s power needs during closure, which is
Zimbabwe to Take Over All Diamond Mines
Harare: Zimbabwe’s President Robert Mugabe said on Thursday his government would take possession of all diamond operations because existing miners had robbed the country of its wealth. Mugabe’s comments came a week after the ministry of mines ordered all mining companies to halt work and leave the Marange fields, saying they had not renewed their licences. At the time it
India to Introduce Third Tranche of SGB Soon
New Delhi: Having raised nearly Rs 1,050 crore in the first two tranches, the government will “shortly” issue the third tranche of sovereign gold bond (SGB) for the fiscal, Economic Affairs Secretary Shaktikanta Das said Thursday. “It will come very shortly. I can’t say the exact time as then there will be speculations on gold prices,” Das said. The government
Forevermark Enters Thailand, Hungary & S. Korea
Gaborone: The De Beers Group of Companies announces that Forevermark has recently launched in Hungary, Thailand and South Korea. It is now available in more than 1,700 outlets in 38 consumer markets. Forevermark launched in Hungary with R-A Diamonds, a leading distributor and wholesaler for fine diamond jewellery and loose diamonds. R-A Diamonds has selected an initial eight independent retailers
More Incentives for Gold Schemes in India
New Delhi: In order to further incentivise the Gold Schemes introduced by the government earlier, Finance Minister Arun Jaitley, as part of his budget announcements, announced the waiver of various taxes relating to the Sovereign Gold Bond Scheme and the Gold Monetization Scheme, 2015. For one, the redemption of bonds procured under the Sovereign Gold Bond scheme by an individual
