We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors
Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000
Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors
Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000
Top News
Augmont Gets 4 Prestigious Awards
Mumbai: Augmont Enterprises Pvt. Ltd. and Augmont Goldtech Pvt. Ltd. have been recognized for their prominent contributions to the bullion and digital gold industry at the 10th India International Bullion Summit (IIBS), hosted by the India Bullion and Jewellers Association (IBJA). The group secured honors across four key categories, reaffirming its leadership and commitment to innovation, transparency, and proficiency in the sector.
CIBJO Recommends New Definition of ‘Recycled Gold’
Milan: The World Jewellery Confederation (CIBJO) is recommending a new definition of “recycled gold״ to be used in the jewellery and watch sectors, so as to provide greater clarity and consistency both within the industry and marketplace. CIBJO will henceforth include the definition in the guidance documents it produces. The definition, which covers recycled materials recovered during manufacturing and fabrication
SEZ Conclave Stresses Ways to Boost G&J Exports
Mumbai : India’s Gem & Jewellery Export Promotion Council (GJEPC) successfully hosted the 2nd SEZ Gem & Jewellery Conclave 2025 at Bharat Ratnam Mega CFC, SEEPZ, reinforcing its commitment to advancing Technology, Branding, and Investment in India’s gem and jewellery sector. Held under the theme ‘SEZ: The Future of Indian Exports,’ the conclave brought together industry leaders and experts to explore strategies for boosting
G7 Postpones Diamond Traceability Requirement
Mumbai: The Group of Seven (G7) nations have postponed the enforcement of stringent traceability requirements for polished diamond imports, moving the deadline from March 2025 to January 1, 2026. This delay provides significant relief to India’s diamond cutting and polishing industry, which faced challenges in complying with the new regulations within the original timeframe. The G7 countries—comprising the US, UK,
Gemfields’ May Emeralds Auction Sets Record
Mumbai: Gemfields sold 208,990 carats of high-quality emeralds mined at its 75%-owned Kagem Mine in Zambia for total auction revenues of $35 million. The stones were sold at an average price of $167.51 per carat. It said the 48 auctions of Kagem gemstones held since July 2009 have generated just above $1 billion in total revenues. “We are very pleased
India Pavilion at JCK Las Vegas 2024
Las Vegas: The Gem & Jewellery Export Promotion Council (GJEPC) organised India Pavilion at the 2024 JCK Las Vegas trade show, continuing its presence at this key event for the 19th consecutive year. Scheduled from 31st May to 3rd June 2024, at the Sands Expo & The Venetian, this year’s event promises to be a spectacular showcase of the finest
Lab Grown Threat to Botswana Economy
Gaborone: Lab grown diamonds (LGDs) are a threat to Botswana’s economic lifeblood, says the country’s president Mokgweetsi Masisi. He was speaking to reporters on 29th May, ahead of the first phase in a $6bn project to extend the life of Jwaneng, its flagship diamond mine. “If lab grown diamonds take our space, then you and I are finished,” he said.
GJEPC Expanding Market Horizons in LAC
Mumbai: As part of their mission, the GJEPC delegation recently visited Panama to assess market needs, identify business opportunities, and network with industry associations and leading companies. The aim is to solidify India’s presence in the Latin America and Caribbean (LAC) region’s gems and jewellery sector and encourage greater participation in international trade events. During their visit, the Indian Ambassador
