We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
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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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MMTC-PAMP Unveils Laddoo Gopal Silver Bar
Mumbai: MMTC-PAMP, India’s only London Bullion Market Association (LBMA) accredited Good Delivery gold & silver refiner is proud to announce the launch of the Laddoo Gopal 50 grams 99.99%+ purity Silver Bar. This exquisite silver bar pays tribute to Lord Krishna, showcasing an image of the childlike innocence and divinity through intricate designs and fine Swiss craftsmanship. Laddoo Gopal is
Seminar on AI-Based Diamond Paternity Testing
Mumbai: The Diamond Exporters’ Association Limited (DEAL), in collaboration with the Bharat Diamond Bourse (BDB), organized an insightful seminar on Artificial Intelligence-Based Diamond Paternity Testing at the BDB Convention Hall, Bandra Kurla Complex, Mumbai. As artificial intelligence continues to transform industries globally, its application in the diamond sector has become increasingly significant. The seminar addressed the vital role AI now
Jewellers Hopeful for Good Demand in Akshay Tritiya
Mumbai: Gold prices have proceeded to touch Rs. 1 lakh per 10 gram at the retail level recently and is likely to hurt consumer sentiment ahead of Akshaya Tritiya, a heavy purchase day for gold. The price of gold without the Goods & Services Tax (GST) was trading at Rs 97,200 per 10 gm. The jewellery trade is hopeful that
Zen Diamond Opens New Store at Borivali
Mumbai: Zen Diamond, a globally renowned fine jewellery brand with a presence in over 400 stores worldwide, is strengthening its footprint in India with the launch of its second store in Mumbai. Following the successful debut of its flagship store in Bandra, Zen Diamond is now bringing its exquisite craftsmanship to Borivali (Mumbai) with a new store at Sky City Mall. Spanning across
Platinum Jewellery Sales Rise in Key Markets
Hong Kong: In the latest Platinum Jewellery Business Review (PJBR) Q2 2022, Platinum Guild International (PGI) reports a continued recovery in platinum jewellery sales in India, Japan and the United States in the second quarter of 2022, despite the lingering effects of the pandemic and rising inflation. In part, the upswing has been fuelled by a series of marketing programmes
GJEPC Held 6th India Rough Gemstone Sourcing Show
Jaipur: The 6th edition of the India Rough Gemstone Sourcing Show (IRGSS), organised by GJEPC, was inaugurated in Jaipur on 31st August 2022 by Sugrive Meena, Commissioner of Customs, Jaipur. The three-week-long exhibition ends on 20th September 2022. It features an assortment of rough emeralds displayed by the Gemfields-owned Kagem Mining Limited, Zamiba. Vipul Shah, Chairman, GJEPC, said, “First held
Bhoomi Poojan of Mega CFC at SEEPZ
Mumbai: Boomi Poojan of the state-of-the-art Mega Common Facility Centre (CFC) at SEEPZ was held in the presence of Mr. Piyush Goyal, Hon’ble Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles, Government of India, who attended the event virtually; Mr. Shyam Jagannathan, Zonal Development Commissioner, SEEPZ, Mumbai; Mr. C.P Singh Chauhan, Joint Development Commissioner,
Seventh Cycle of De Beers Fetches $638 mln.
Gaborone: De Beers raked in $630 million from the seventh rough diamond sales cycle of 2022 compared to $522 million, a year earlier or $638 million during the sixth sales cycle of the year. Group chief executive Bruce Cleaver said rough diamond sales continued at a steady level in the seventh sales cycle of 2022. “In line with normal seasonal
