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
India’s Plain Gold Jewellery Exports Grew 27.45% in April
Mumbai: India’s export of plain gold jewellery continues to soar, marking a significant 27.45% increase, reaching USD 342.27 million in April 2024, compared to USD 268.56 million in the same month the previous year. The overall exports of gems and jewellery declined 11.37% to USD 2074.85 million in April 2024, as compared to the same period the previous year. However,
CIBJO Congress from 2nd Nov in Shanghai
Milan: The World Jewellery Confederation (CIBJO) will hold its 2024 annual congress in Shanghai, China, from November 2 to November 4. Pre-congress meetings will be held on October 31 and November 1. The 2024 Congress will take place at the Shangri-La Qiantan convention centre, in the heart of Shanghai’s New Bund International Business District in Pudong. It is being hosted
PGI Statement on Anglo American Strategy
Mumbai: In response to the announcement by Anglo American regarding its intention to explore options to demerge from Anglo American Platinum, one of Platinum Guild International (PGI)’s principal sponsors, PGI remains focused on its strategy to collaborate with partners to create incremental value in and for platinum. Throughout its history, PGI has always been funded by South African platinum mining producers, of which
Lightbox Drastically Reduces Prices of its LGDs
London: De Beers Group’s wholly-owned lab-grown diamond jewellery brand, Lightbox Jewelry, yesterday announced a permanent price reduction to as low as $500 per carat, from a previous price of $800 per carat, for the brand’s Standard range of lab-grown diamonds (LGDs). The price reduction follows months of testing lower prices and researching the lab-grown diamond jewellery sector. The brand will
Laguna Blu Diamond Sells for $25m
Geneva: The ultra-rare 11.16-carat pear-shaped Bulgari Laguna Blu – certified as the highest grade blue diamond ever by the GIA – was auctioned for just over $25m at Sotheby’s Geneva on Tuesday. It became the most valuable gem ever to be sold by Bulgari, after a four-minute bidding war between three parties on the phone and one in the showroom.
CIBJO Pays Tribute to Harry Levy
Milan: The World Jewellery Confederation pays tribute to Harry Levy, who passed away in London on May 15, 2023, at age 83. During his long and important career he held a variety of roles in CIBJO, as well as in other industry bodies, both in the United Kingdom and internationally. The quintessential Englishman, Harry actually was born Hanukkah Levy in
GJNRF Honoured with CFBP Jamnalal Bajaj Award
Mumbai: The Gem & Jewellery National Relief Foundation (GJNRF), backed by prominent industry bodies, including GJEPC, was bestowed with the esteemed Jamnalal Bajaj Uchit Vyavahar Puraskar for a Charitable Association by the Council for Fair Business Practices (CFBP) at its 35th Awards Ceremony held in Mumbai on 16th May. GJNRF was recognised for its for its ethically driven philanthropy and
Feriel Zerouki is New President of WDC
Antwerp: Feriel Zerouki, a prominent advocate for advancing standards in the diamond industry, has taken the helm as the new President of the World Diamond Council (WDC). With an impressive track record spanning nearly two decades, Zerouki brings extensive experience and a vision for driving progress in the diamond industry. Zerouki’s appointment as WDC President was announced during a meeting
