We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
Top News
Central Banks Set to Step up Gold Buying over the Next Year
London: The World Gold Council’s (WGC) annual Central Banks Gold Reserves Survey reveals that 89% of reserve managers expect global central bank gold holdings to continue increasing over the next 12 months. With gold recently overtaking US government bonds as the top reserve asset, the findings point to continued momentum in central bank demand for gold. That confidence is also
India’s G&J Exports Stood at US$ 4.27 Bln in April–May 2026
Mumbai: India’s gem and jewellery exports stood at US$ 4.27 billion (Rs. 40,398.97 crore) during April–May 2026 as compared to US$ 4.55 billion (Rs. 38,848.42 crore) during the corresponding period of the previous year. While overall exports declined by 6.03% in dollar terms, they registered a growth of 3.99% in rupee terms. The figures are provided by India’s Gem &
Fraudulent Filling of Fissures in Emeralds
Basel: Based on a number of recent cases, the Swiss Gemmological Institute SSEF is issuing a trade alert concerning a fraudulent practice that has resurfaced in the emerald market. It concerns the filling of fissures in stones after they have been tested, with the emerald stone being offered for sale along with the earlier report that indicated little or no
Global Jewellery Industry Meets at IIJS Bharat Premiere 2026
Mumbai: Over 2,700+ international visitors from 80+ countries & 50,000+ trade visitors are set to converge in Mumbai for the most anticipated gathering of the global jewellery industry. Among them is Suzan Von Zahn of SVZ Jewellery, South Africa, who shares her excitement about attending IIJS Bharat Premiere 2026 and exploring the exceptional craftsmanship and business opportunities the show has
GJTCI Organized 4th Edition of Excellence Awards
Ahmedabad: With a view to contribute to Vibrant Gujarat- 2017, the gems & Jewellery Trade Council of India (GJTCI) is gearing up with many events to display the uniqueness and unmatched craftsmanship of our Jewellery Industry. GJTCI Excellence Awards is one of them. Going by the success and benefits of previous three Excellence Awards shows, GJTCI had organized 4th Edition
ALROSA Triples Its Net Profit
Moscow: ALROSA disclosed its financial results for the third quarter and nine months of 2016 in line with the International Financial Reporting Standards (IFRS). ALROSA’s 9M 2016 revenue increased by 48% y-o-y and totalled RUB 255.6 bn. The Company’s EBITDA grew by 67% y-o-y to RUB 150.0 bn, with EBITDA margin totalling 59%. The miner’s net income and free cash
India Elected Vice Chair of KP for 2018
Dubai: The Kimberley Process (KP) Plenary held in UAE this week concluded with the announcement that it has appointed the European Union (EU) as its Chair for 2018. The EU will assume responsibility as KP Vice Chair in 2017 with Australia as Chair, and India will be the Vice Chair in 2018 when EU becomes the organisation’s Chair. Consequently, in
Gitanjali Loses SEZ Project in Maharashtra
Mumbai: The Government of Maharashtra has approved the cancellation of Gitanjali Gems’ special economic zone (SEZ) project in Maharashtra. The decision regarding this was taken by the Board of Approval (BoA), headed by Commerce Secretary Rita Teaotia, on its November 9 meeting, an official said. “The cancellation, however, is subject to the development commissioner furnishing a certificate that the developer
