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
Platinum Market Likely to be in Deficit: WPIC
London: After two years of significant surpluses, the platinum market is forecast to move to a material deficit in 2023, according to a report from the World Platinum Investment Council (WPIC). The change from the 776 koz surplus in 2022 to the forecast deficit of 556 koz in 2023 is over 1.3 Moz. This reflects total supply remaining close to
US, EU to Consult Industry Leaders on Sanctions
New York: US and EU officials are to consult diamond industry leaders on further measures against Russia for its “unprovoked war in Ukraine”.James O’Brien, head of the Office of Sanctions Coordination in Joe Biden’s administration, will seek the views of diamond retailers, manufacturers, laboratories, and industry trade associations. The US currently sanctions rough diamonds from Russia, but not those polished
De Beers Generates $495m from 2nd Cycle
Gaborone: De Beers has announced a provisional rough diamond sales value of $495 million for the second sales cycle of 2023, according to Anglo American. The revenue raked in rose 9% compared to $454 million registered during the first rough diamond sales of the year or $652 million, a year earlier. Group chief executive Al Cook said they witnessed continued
IIGJ’s Convocation Ceremony for Post Graduate Diploma
Mumbai: The Indian Institute of Gems & Jewellery, Mumbai held its convocation ceremony for graduates of the 1-year Post Graduate Diploma in Jewellery Management programme at the Institute’ auditorium recently, in which graduates of three batches were conferred with diplomas. Dr. Saumya Badgayan, Vice President-HR & IR graced the occasion as Chief Guest and presented trophies and certificates to the
GSI Takes Students on a Trip to Elahera Gem Mine
Mumbai: Gemological Science International (GSI) recently organized an insightful mine visit for students enrolled in its prestigious Colored Stone Professional (CSP) programme. The visit to the Elahera Gem Mine in Sri Lanka, a world-renowned source of high-quality sapphires, provided students with invaluable real-world experience as part of their holistic learning journey. GSI’s CSP programme is known for its blend of
Submit Scatches for Artisan Awards by 25th Oct
The 2025 Artisan Awards presents the following theme for designers to create, play & push the limits of design: Mumbai: Indian jewellery craft techniques have long been revered for their intricacy, cultural significance, and timeless beauty. In the global contemporary jewellery landscape, these techniques are being revived and reimagined by designers both in India and abroad, highlighting the versatility of
IGJA: Application Date Extended
Mumbai: The 51st India Gem & Jewellery Awards (IGJA) nominations are still open, with the last date to apply being extended now to 5th November, 2024. The IGJA is an award given by the Gem and Jewellery Export Promotion Council (GJEPC) to recognize the best gem and jewelry exporters. The awards also recognize banks and other entities that contribute to the growth
Jignesh Mehta Honored with Vyapaar Ratna Award
Mumbai: Mr. Jignesh Mehta, Founder and Managing Director of Divine Solitaires, has been honored with the esteemed Vyapaar Ratna Award 2024 – Changemaker of the Year. This prestigious recognition highlights Mr. Mehta’s remarkable contributions to the MSME sector and his visionary leadership in the diamond industry. The Vyapaar Ratna Award celebrates individuals who have demonstrated exceptional innovation, leadership, and commitment
