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
India’s G&J Trade Adopts FTC Guidelines, USA
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC), apex body for the gem & jewellery trade in India, has adopted the new mandated definition, nomenclature and guidelines for diamonds specified by the Federal Trade Commission (FTC) of the United States (U.S.). The FTC’s updated guidelines provide a clear, standardized definition of ‘diamond’ and distinct terminology for laboratory-grown diamonds, ensuring
Milan Chokshi is New Chairman of GJSCI
Mumbai: Gem & Jewellery Skill Council of India (GJSCI) has announced the election of Mr. Milan Chokshi as its new Chairman. The decision was made at a Board of Directors meeting held on 15th October, 2024. Chokshi, a prominent figure in the gem and jewellery industry, succeeds Shri. Adil Kotwal, whose tenure was marked by significant contributions to the Council. Under
Botswana and G7 Announce G7 Verification Point
Antwerp: The Diamond Technical Team of the G7 and Botswana announced in a joint statement that an Export Verification Point for rough diamonds would be established in Botswana. For the development of this G7 verification point, Botswana will receive support and expertise from the Antwerp World Diamond Centre (AWDC), which has been operating as a G7 verification and certification hub
Forevermark’s Minimalist Bridal Jewellery
Mumbai: As the celebratory wedding season takes off, Forevermark presents a sophisticated range of jewellery for the modern bride, blending timeless elegance with versatility. The Millemoi, Avaanti, Icon and Forevermark Setting collections are thoughtfully designed for the contemporary bride, effortlessly transitioning from wedding celebrations to everyday moments. These versatile pieces are ideal for every milestone, from bachelorette parties and pre-wedding shoots to haldi, sangeet, and
Okavango Diamond Co. Appoints Yoram Dvash as Chairperson
Gaborone: Botswana’s state-owned rough diamond marketing firm, Okavango Diamond Company (ODC), has appointed former World Federation of Diamond Bourses (WFDB) president Yoram Dvash as chairperson of its board of directors. Dvash succeeds Gape Kaboyakgosi, who stepped down in November after leading the board for five years. Dvash brings deep industry leadership to the role, having headed the WFDB from 2020
Qatar Diamond Exchange Signs Strategic MoUs
The Qatar Diamond Exchange (QDE) has signed Memoranda of Understanding (MoUs) with the Diamond Exchange of Singapore, the Shanghai Diamond Exchange and the Tokyo Diamond Exchange during the 41st World Diamond Congress in Singapore. The agreements reflect QDE’s strategic focus on developing closer relationships with established diamond markets across Asia and creating new opportunities for trade and cooperation between Qatar
IDMA Mourns Passing of Vasant Mehta
Antwerp: The board and members of the International Diamond Manufacturers Association (IDMA) deeply mourn the passing of one of the global diamond industry’s and trade’s leaders and mentors, Mr. Vasant Mehta, who passed away earlier this week at the age of 81. Vasant served as IDMA’s Vice President from 1998-2000 and then from 2002-2008, on behalf of the Gem &
Shaping the Roadmap for India’s $100 Bln. G&J Future
Mumbai: Department of Commerce, in association with the Gem & Jewellery Export Promotion Council (GJEPC), yesterday convened the ‘Chintan Shivir – 2040 Roadmap for Gems & Jewellery’, a high-level dialogue aimed at developing a comprehensive strategy to help India achieve its ambition of USD 100 billion in gems and jewellery (G&J) exports by 2040. The roadmap envisages an increase in
