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
Mandate for Self-Regulation of Rough Import-Export
Mumbai: In line with the current government’s focus on “minimum Government and maximum governance,” by easing the procedures of doing business in India, the Govt. of India has mandated membership of The Gem & Jewellery Export Promotion Council (GJEPC) for getting the Kimberley Process Certificate for import and export of rough diamonds into India. This effectively means that GJEPC, the
Committee Proposes Hike in Gold Silver GST
New Delhi: India’s Goods and Services Tax (GST) fitment committee has proposed raising slab of 5 percent to 7 percent and 18 percent to 20 percent. The feasibility of merging 12 percent and 18 percent to one single slab at 17 percent is, however, yet to be examined, sources said. They are also considering hiking compensation rate from 1 percent
Rio Tinto Becomes Sole Owner of Diavik Mine
Yellowknife, (Canada): Rio Tinto has become the sole owner of Diavik Diamond Mine in the Northwest Territories of Canada, continuing its leading role in the Canadian diamond industry. A transaction has been completed for Rio Tinto’s acquisition of the 40 per cent share held by Dominion Diamond Mines in Diavik, following the Court of Queen’s Bench of Alberta’s approval. With
Platinum Days of Love Launches New Collection
Mumbai: Over the last few years, we have realized of how fragile life is, making us value what we have, and cherish the relationships that we hold closest. When everything stood still, couples stood right by each other. They forged new pathways for each other when challenges took over and their dreams took a backseat. They learnt to recognize and
