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
ALROSA Closes its Trading Office in Antwerp
Antwerp: ALROSA has declared bankruptcy of its Belgian trading division, Alrosa Belgium NV in Antwerp. According to the Belgian edition l’Echo, in mid-June the supervisory board of the company recommended termination of participation in the Belgian trading division of Alrosa Belgium through bankruptcy. “The representative office of the Russian company ALROSA in Antwerp, Belgium (Alrosa Belgium), was closed after the
10th IRGSS Inaugurated in Jaipur
Jaipur: The 10th Edition of the India Rough Gemstones Sourcing Show 2024 (IRGSS), organized by the Gem & Jewellery Export Promotion Council (GJEPC), was inaugurated on 27th August in Jaipur by Mr. Neeraj Dubey, Additional Commissioner of Customs, Jaipur in the presence of Mr. K. M. Meena, Assistant Commissioner of Customs, Air Cargo Complex (ACC), Jaipur, along with key industry representatives.
Jemimah Rodrigues & Nithyashree Venkataramanan Evara’s New Collection
Mumbai: In today’s world, young women are redefining strength, celebrating their unique journeys, and embracing every facet of their identity with pride. They are crafting their own stories, setting their own standards, and marking each milestone on their path.In the latest campaign for Platinum EVARA, Jemimah Rodrigues and Nithyashree Venkataramanan shine as they share their top platinum jewellery picks for the season.
Tanishq-De Beers Partner to Boost Indian Market
Mumbai: De Beers Group, the diamond company, and Tanishq, India’s jewellery retail brand from the Tata group, have announced a long-term strategic collaboration to connect more Indian consumers with the rarity and preciousness of natural diamonds and amplify the growing opportunity in the Indian market. With a vibrant economy, a growing middle class and discerning consumers who seek jewellery with enduring value,
IGI Adds QR Codes to Grading Reports
New York: The International Gemological Institute (IGI) North America has added QR (quick response) codes to its diamond grading reports. The addition will allow retailers to showcase a “rotating” diamond to consumers, including top and side views – and easily display any diamond laser inscription. The updated system works mobiles or tablets and allows users to “zoom” in on the
P. N. Gadgil Jewellers to Set up 'Try-on-Kiosk'
Pune: Technological Advancements have truly revolutionized the gems and jewellery industry, it has led to cut-throat competition and there is ongoing need for change and adoption of newer methods to stay ahead of competition. Technology forces constant changes and development in the business models. Moreover, with the growing disposable income, the lifestyle, the outlook and buying patterns of consumers have
Alrosa Recovers 78.02-Carat Diamond
Moscow: The ALROSA diamond mining company reported the discovery of a large diamond weighing 78.02 carats at the Mir kimberlite pipe in Yakutia. The size of the diamond is 28.5 x 28.4 x 24.2 mm. This transparent, yellowish-greenish crystal has an octahedral shape, with minor technology-related damage of two tops and small inclusions. According to preliminary estimates of the Diamond
Belgium Approves New “Carat” Tax Proposal
Antwerp: Belgian newspaper Gazet van Antwerpen reports that Belgium’s Federal Council of Ministers has finalized and approved the legislative framework accompanying the budget proposal, including the new tax proposal for the diamond industry. According to Belgium’s Minister of Finance, Van Overtveldt, the new tax system, calculated as 0.55% of turnover, will result in an additional €50 million in tax revenue,
