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
Top News
GIA to Shut Down Israel Lab
Ramat Gan: The Gemological Institute of America (GIA) has announced the closure of its laboratory in Ramat Gan, Israel, citing financial unsustainability. The lab, which began operations in August 2012, will shut down by the end of this year. Submissions will be rerouted to other GIA laboratories at no additional shipping cost, according to a GIA press release. GIA has
New Wastage Norms for Jewellery in India
Mumbai: India’s Directorate General of Foreign Trade (DGFT) has revised wastage norms and Standard Input Output Norms (SIONs) for jewellery , effective from 1st January 2025. DGFT had reduced the wastage norms drastically across all jewellery categories vide Public Notice No. 05/2024-25 on 27th May 2024, recognizing the impact of these drastic reductions, the Council promptly convened a stakeholder meeting
Gems Keep Giving Sends Funding Requests
New York: Gems Keep Giving (GKG), the global gemstone industry and trade initiative that supports communities in artisanal colored gemstone mining and cutting communities, calls upon industry members and players in the colored gemstone supply chain to bring suitable projects to GKG’s attention. “GKG is proud of its first project in Kamtonga, Kenya. In 2022, GKG completed a project to
India’s Gold Demand up by 18% in Q3
London: The World Gold Council’s (WGC) Q3 2024 Gold Demand Trends report reveals that total gold demand increased 5% year-on-year to 1,313t, a record third quarter. Total demand exceeded US$100bn for the first time on record, supported by strong investment in a record-high price environment. Global investment demand more than doubled year-on-year to 364t, driven by a shift in demand for gold ETFs primarily from Western investors. Globally, gold ETFs added 95t, marking the first positive quarter since Q1’22. Bar and coin demand fell 9%, but the year-to date total remains strong at 859t compared to the 10-year average of 774t. Central bank buying slowed in Q3 though demand remained robust at 186t. Year-to- date central bank demand reached 694t, in line with the same period of 2022. Gold prices continued to rise to record highs during the quarter reaching an average of US$2,474/oz, hampering global demand for gold jewellery. Total jewellery consumption was down 12%
IGJS Kickstarted in Dubai
Dubai: India’s Gem & Jewellery Export Promotion Council (GJEPC) successfully kickstarted the International Gem & Jewellery Show (IGJS) 2021 in Dubai yesterday at the Grand Hyatt. It is the first ever gem and jewellery physical event hosted internationally, since the onset of pandemic. The show was inaugurated by His Excellency Pavan Kapoor, Ambassador of India to UAE along with Mr.
CIBJO Describes Jewellery Ind.’s Role as a Catalyst
Milan: CIBJO President Gaetano Cavalieri has described to an audience of business and industry leaders meeting in the Italian capital of Rome, as well as online, the current and potential role of the jewellery industry as a catalyst for the fulfilment of the Sustainable Development Goals (SDGs). He was participating in the Sustainable Development Festival (Festival dello Sviluppo Sostenibile), organised
IIGJ Mumbai Holds Glimpz 2021 Exhibition
Mumbai: Glimpz, the annual jewellery exhibition by graduating students of the Indian Institute of Gems & Jewellery (IIGJ) Mumbai, was inaugurated on 25th September 2021 at the Andheri campus. The theme of Glimpz 21 was “India…Enticing Land of Wonders”, based on the unique crafts and architecture exclusive to each Indian state and its ethos, the institute said. Each design undergoes
Kiara Advani is Brand Ambassador of Senco Gold
Kolkata: Senco Gold & Diamonds, one of India’s largest jewellery retail chains has signed Bollywood actress Kiara Advani as their brand ambassador. She will be promoting entire gold jewellery range of the brand. Senco Gold & Diamonds also unveiled their new campaign titled ‘Now is the time’ featuring Kiara. Kiara Advani, who has joined the likes of Vidya Balan, Deepika
