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 Global Losses & Firmer Rupee, Indian Gold & Silver Held Their Floors
Macro Snapshot: The selling that pushed both metals lower in the week ending 25 September came from the American bond market rather than from any bullion-specific news. S&P Global’s flash survey on 23 September put its composite output index at 58.4, the strongest reading since July 2021, with services at 58.7 and manufacturing at 56.7. On the same morning, Federal Reserve Governor Michael Barr said further policy adjustments were likely to be needed to return inflation to target. A poorly
Despite Global Losses & Firmer Rupee, Indian Gold & Silver Held Their Floors
Macro Snapshot: The selling that pushed both metals lower in the week ending 25 September came from the American bond market rather than from any bullion-specific news. S&P Global’s flash survey on 23 September put its composite output index at 58.4, the strongest reading since July 2021, with services at 58.7 and manufacturing at 56.7. On the same morning, Federal Reserve Governor Michael Barr said further policy adjustments were likely to be needed to return inflation to target. A poorly
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PNG Jewellers Achieves Record Q1 FY27 Revenue of 24,130 Mn
Pune: P N Gadgil Jewellers Limited has announced its unaudited financial results for the quarter ended 30th June 2026. Key Financial & Operational Highlights: § Retail Contribution: Retail sales continued to strengthen, with the retail share of total revenue increasing to 78% in Q1 FY27 from 70% in Q1 FY26, reflecting the Company’s continued focus on expanding its high-margin retail business. § Strong Same-Store Performance: The Company delivered a robust Same-Store Sales Growth (SSSG) of 46.1% YoY, driven by healthy
US Tariff Could Dent Growth of India’s G&J Industry: GJC
Mumbai: The United States (US) has maintained a 10% additional tariff on Indian gem and jewellery (G&J) exports under a permanent Section 301 regime, which replaced the previous temporary Section 122 surcharge on July 24, 2026. This duty applies to natural diamonds, lab-grown diamonds, coloured gemstones, and finished jewellery, impacting India’s primary overseas market. Expressing his dissatisfaction on the move,
The Platinum Buyer Seller Meet Ends Successfully
Kochi: The Platinum Buyer-Seller Meet (BSM) 2026, hosted by Platinum Guild International (PGI) in Kochi on 8th & 9th July, brought together 10 manufacturers, more than 70 retailers and industry partners for discussions on product innovation, changing consumer demand and the future growth of platinum jewellery in India. Over the last few years, platinum jewellery has sustained double-digit growth in
New Tariff Puts India’s G&J Exports Under Pressure
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has taken note of the United States’ transition from the temporary Section 122 balance-of-payments surcharge to the new Section 301 tariff regime, effective from 24 July 2026, under which the additional tariff on Indian gem and jewellery (G&J) exports remain unchanged at 10%. The new tariff framework follows the conclusion of investigations
Mehul Choksi’s Extradition is Cleared by Belgium
Mumbai: Belgium’s top court has dismissed fugitive diamantaire Mehul Choksi’s appeal against his arrest in Antwerp, which was made on the basis of an extradition request from New Delhi, according to people familiar with the matter. The Belgian Court of Cassation — equivalent to India’s Supreme Court — heard Choksi’s plea in Brussels on Tuesday and ruled in favour of
Mumbai: Gemfields has announced revenue of $25.4 million from its November–December auction of commercial-quality rough emeralds, marking one of the company’s strongest sales performances of the year despite earlier disruptions at the Kagem mine in Zambia. Held via private viewings in Jaipur, India, followed by an online sealed-bid process, the auction offered 46 lots of rough emeralds. Of these, 45
Open House Session with Mumbai Customs Dept.
Mumbai: The Customs Zone–III successfully conducted an Open House Meeting on 4th December 2025, chaired by Mrs. Prachi Saroop, Principal Chief Commissioner of Customs, to deliberate on various operational and policy-related issues concerning customs functioning at PCCCC. The meeting saw active participation from trade members, industry representatives, exporters/importers, GJEPC and senior customs officials, fostering a transparent and collaborative environment. The
Kalyan Jewellers Enters United Kingdom
Thrissur: Kalyan Jewellers, one of India’s jewellery brands, has further strengthened its global presence with the launch of its new showroom on Belgrave Road widely known as Leicester’s Golden Mile, the UK’s most prominent jewellery and South Asian retail hub. This milestone entry into the United Kingdom marks a strategic leap in the brand’s international expansion journey, following its sustained
