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 Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors
Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000
Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors
Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000
Top News
Nearly 80% of Belgian Diamond Traders Pass First-Ever Anti-Money Laundering Exam
Antwerp: For the very first time, the Belgian FPS Economy and the Antwerp World Diamond Centre (AWDC) organized a large-scale anti-money laundering (AML) exam for Belgian diamond traders. The sector delivered strong results, with nearly 80%of the 196 participants passing the test. The exam, which assesses knowledge of Belgian AML obligations, is part of broader efforts to further strengthen compliance
Gemfields CEO to Step Down: Ruby Auction Fetches $23.1 Mln.
London: Gemfields Group recently announced that its CEO Mr. Sean Gilbertson will step down by mutual agreement on 15 July 2026, with Chief Financial Officer Mr. David Lovett appointed Interim CEO while retaining his current role. The Board has begun the process of identifying a permanent successor. The announcement coincided with the results of Gemfields’ inaugural Trade Select ruby auction,
GJC Calls for Balanced Policy & Consumer Friendly Reforms
Mumbai: The All India Gem & Jewellery Domestic Council (GJC) released yesterday its half‑yearly review of the gold and silver market for 2026, noting that the first six months of the year were marked by historic peaks in bullion prices, followed by corrections that reshaped consumer sentiment and industry outlook. The Council emphasized that taxation changes, customs duty hikes, and global geopolitical
Two New Gold & Silver Vending Machines Launched in Mumbai
Mumbai: Aspect Bullion & Refinery, the pioneer behind India’s first-ever Gold & Silver Vending Machine, has launched two new vending machine installations in Mumbai this June. This expansion marks another significant milestone in the company’s mission to make buying gold and silver more accessible, seamless, and convenient through an innovative, secure, and hassle-free purchasing experience. A vending machine was launched at
ABN AMRO Bank NV to Re-Enter India
Mumbai: European entity ABN AMRO Bank has applied to the Reserve Bank of India (RBI) for setting up operations in India, primarily for financing the gems and jewellery sector. The regulator has given it an ‘in-principle’ nod to establish a wholly-owned subsidiary in India, reports Business Standard. Globally, ABN AMRO offers financial services to the diamond and jewellery sector through
De Beers to Upgrade Diamondview
Basel: De Beers said that its International Institute of Diamond Grading & Research (IIDGR) will this week reveal details of an upgraded DiamondView at the Gemological Institute of America (GIA) GemFest in Basel. The instrument generates a surface fluorescence image on any stone being tested, providing information on growth history from which synthetics can be identified, it said in a
RBI Further Restricts Gold Imports
Mumbai: The Reserve Bank of India (RBI) on Tuesday instructed the banks not to sell gold imported on consignment basis to jewellers on outright basis. The clarification is expected to tighten gold imports. The RBI allowed banks to import gold on consignment basis and also allowed them to provide gold metal loans to jewellers. However, banks were found importing gold
GJEPC's Workshop on Octroi Refund Procedure
Mumbai: The Trade Policy department of GJEPC will be hosting a Workshop on April 7, 2015 to familiarize the trade with the new procedures for refund of octroi that have come into effect recently. Officials from the BMC’s Octroi department will make a presentation on the new online developments in the procedures related to e-filing. The presentation will be specifically
