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
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18th Edition of HRD Design Awards
Antwerp: HRD Antwerp has announced the launch of the 18th edition of the HRD DESIGN AWARDS, in partnership with VicenzaOro, the largest Show in Europe for the Gold and Jewellery Industry. This year’s edition is unique, as HRD Antwerp introduces ‘THE YOUNG JEWELLERY DESIGN COMMUNITY.’ This initiative aims at supporting the industry by promoting young innovative ideas. Being part of
Global Rough Diamond Production +51.4% in 2021
Johannesburg: Statistics published by the Kimberley Process (KP) indicate that global rough diamond production grew 11.9% by volume to 120.04 million carats in 2021, and jumped 51.4% in value to $13.98 billion on a year-on-year basis. Russia was the biggest diamond producer by volume in 2021, with an output of 39.11 million carats, while Botswana was the largest producer in
De Beers Hosted its Annual Forum in Mumbai
Mumbai: The De Beers Group, the world’s leading diamond company, held its annual Forum in Mumbai this week. The Forum brought together all its authorized partners, diamantaires, and manufacturers from across the country as well as key decision makers from the De Beers global team. The idea behind the three-day Forum was to facilitate a common platform for members of
Gold Import Duty in India Hiked by 5%
New Delhi: India has raised basic import duty on gold to 12.5 per cent from 7.5 per cent, according to a government notice dated June 30. This step has been taken to reduce influx of gold into the world’s second-largest consumer of the precious metal, after India’s ballooning trade deficit pushed the Rupee to a record low. This is a
Gemfields Sells ‘Faberge’ for $ 50 Million
London: Gemfields announces that it has signed an agreement to sell its entire interest in wholly owned Fabergé Limited (‘Fabergé’), the iconic luxury brand, to SMG Capital LLC (the ‘Buyer’), for a total consideration of USD 50 million. Of that sum, USD 45 million is payable to Gemfields by the Buyer on completion of the sale (which is expected on
GJEPC to Celebrate PM’s 75th Birth Day in a Unique Way
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has pledged to introduce a nationwide blood donation campaign to commemorate and celebrate Hon’ble Prime Minister Mr. Narendra Modi’s birthday on 17th September 2025. The same day will be celebrated as the National Jewellers Day every year. Mr. Nirav Bhansali, Convener, National Exhibitions GJEPC announced during the IIJS Premiere 2025 that
Golden Carat Launches Jewel of Time Awards
Mumbai: Golden Carat Pvt Ltd, India’s Diamond Jewellery Manufacturer launched GOLDIS | ‘Jewel of Time Awards’ at the IIJS Premiere show in Mumbai. The award was launched during the India Jewellery Designer & Artisan Forum held at the IIJS Premiere 2025. ‘Jewel of Time Awards’ is initiated by Golden Carat Pvt Ltd to recognize the valuable services offered by Industry
De Beers Unveils Landmark Initiatives at IIJS’25
Mumbai: At the 41st edition of the India International Jewellery Show (IIJS Premiere), held at the Jio World Convention Centre, Mumbai, De Beers Group unveiled a trio of landmark initiatives that mark a new chapter for the natural diamond industry in India. As the country has become firmly established as the world’s second largest market for diamond jewellery, De Beers
