We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
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Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
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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
European Natural Diamonds Exempted from US Tariffs
Antwerp: Natural diamonds cut in Europe will once again be exempted from US import tariffs. This brings an end to the 10% import tariff that had been in effect for the past six months. The restored exemption is significant news for the Antwerp diamond sector: Antwerp is Europe’s leading diamond-cutting centre, and the United States is a major trading partner
De Beers’ Rough Production Rises 88% in Q2 2026
London: De Beers has reported that its rough diamond production was 88% higher at 7.8 million carats, reflecting the impact of the extended maintenance shutdown in the comparative period at Orapa in Botswana, as well as the planned mining of higher-grade ore at both Jwaneng in Botswana and Gahcho Kué in Canada. Planned plant maintenance at Orapa and Jwaneng during
Only Natural Diamonds Should be Graded with 4Cs: CIBJO
Milan: The Diamond Commission of the World Jewellery Confederation (CIBJO) has insisted that the 4C polished diamond grading system (cut, color, clarity, and carat weight) should only be used for natural stones, but not synthetic ones. In the Special Report prepared for the upcoming 2026 CIBJO Congress, the Commission’s head Udi Sheintal also urged the industry’s stakeholders to use the
Appeal to Voluntarily Curtail Rough Imports in India
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) along with four prominent diamond bodies Bharat Diamond Bourse (BDB), Mumbai Diamond Merchants Association (MDMA), Surat Diamond Association (SDA) and Surat Diamond Bourse (SDB) have jointly appealed to the Indian industry to once again voluntarily curtail imports of rough diamonds between 10th and 31st July, 2020. The situation will be reviewed
Rajesh Exports Reports Stellar Growth in Revenues
Bangalore (By Evaluate Research): Rajesh Exports reported stellar growth in revenues on a QoQ and YoY basis despite a global economic slowdown and a higher gold price. Revenues for the fiscal fourth quarter [ended March] came in at Rs.476 bn, up 38% and 17% on a YoY and QoQ basis, respectively. The strategy to focus on the sale of high
No COVID-19 Cases Detected at Diavik Diamond Mine
Perth: Nearly 2,600 tests for COVID-19 have now been completed at Rio Tinto’s Diavik diamond mine in the Northwest Territories of Canada, with no cases detected in the workforce. On-site testing using nasopharyngeal swabs was introduced for Diavik employees and contractors seven weeks ago in collaboration with the Chief Public Health Officer of the Northwest Territories, as an extra precautionary
GJEPC Reschedules IIJS Premiere to January 2021
Mumbai: The world renowned and India’s largest jewellery trade show, the India International Jewellery Show (IIJS) Premiere, has been rescheduled due to the ongoing Covid-19 pandemic. The Gem and Jewellery Export Promotion Council (GJEPC), the organisers of the show, after consultation with the participants from India and other countries, have decided to reschedule the event in January 2021. IIJS Premiere witnesses the industry’s biggest
