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
PGI Launches New Campaign for Dhoni Collection
Mumbai: Platinum Guild International (PGI) India proudly introduces the exclusive M.S. Dhoni Signature Edition from Men of Platinum, a collection that embodies the legacy of one of India’s most revered sporting icons. This collection is crafted from 95% pure platinum, a metal known for its unmatched strength, endurance and resilience, much like the values that have guided Dhoni throughout his
GJEPC Targets 20% Export Boost to UAE with IGJS
Dubai: The 4th edition of the International Gem & Jewellery Show (IGJS) Dubai commenced yesterday, hosted by the Gem & Jewellery Export Promotion Council (GJEPC) of India. This exclusive event, co-sponsored by Suntech Business Solutions and supported by the Dubai Gold & Jewellery Group, brings together the finest of Indian gems and jewellery, reinforcing India’s position as a premier destination
Big FDI Increase in India’s G&J Sector
Mumbai: Foreign Direct Investment (FDI) in India’s gems & jewellery sector witnessed an impressive year-on-year growth of 673% in the first quarter of FY2024, rising to $40 million (INR 330 crore) from $5 million (INR 42 crore) during the same period in 2023. This sharp increase highlights renewed investor confidence in the sector. According to a review by the GJEPC,
Diavik Begins Underground Production
Perth: Rio Tinto’s Diavik diamond mine has officially entered commercial production at its A21 underground mine, marking a significant milestone in the mine’s operations. The successful completion of Phase 1 of the A21 underground project comes after extensive development and construction efforts. The company has also received approval for Phase 2 of the project, with an additional investment of $17
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
