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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Shaankar Sen of Senco Gold is No More
Kolkata: Mr. Shaankar Sen, chairman and managing director of Senco Gold Ltd., which runs the chain of Senco Gold and diamond jewellery stores, passed away in Kolkata on Tuesday morning. He was 63. He was also the vice chairman of All India Gem and Jewellery Domestic Council, the domestic body responsible for the welfare of the jewellery sector and all
Deadline for Hallmarking of Gold Jewellery Extended
New Delhi: In view of the coronavirus pandemic, the government has extended deadline for mandatory hallmarking of gold jewellery and artefacts by over four months. The deadline has been extended to June 1, 2021, as compared to the earlier deadline of January 15, 2021, Press Trust of India reported, citing Consumer Affairs Minister Mr. Ram Vilas Paswan. “Jewellers had made
GIA & IBM Join Forces to Transform Diamond Grading
Mumbai: GIA (Gemological Institute of America) and IBM Research, one of the world’s largest and most influential corporate research labs, have joined forces to develop an advanced artificial intelligence (AI) system designed to revolutionize diamond clarity grading. The GIA AI clarity system is built on the standards of GIA’s universally recognized International Diamond Grading System™. The AI is fueled by
IDE Requests Need for Increased Government Support
Ramat Gan: A delegation from the Israel Diamond Exchange (IDE), led by President Yoram Dvash, presented its case for increased government aid to the Israeli diamond industry at a special hearing at the Knesset Economics Committee yesterday. According to IDE President Yoram Dvash the industry has suffered major damage in recent months due to the COVID-19 crisis, which has
Size of UK Jewellery Industry to Rise by 2.1%
London: A New research published by 77 Diamonds shows that the size of the United Kingdom (UK) jewellery manufacturing industry is set to increase by 2.1% by the end of 2026, with total market revenue forecast to exceed £1 billion for the first time since 2023. 77 Diamonds has analysed historical data on the estimated annual revenue of the UK
GJC Submits Jeweller-Integrated Framework for GMS
Mumbai: All India Gem and Jewellery Domestic Council (GJC) has been actively engaging with senior officials of the Reserve Bank of India (RBI) and the Ministry of Finance (MoF) to advance a comprehensive revamp of the Gold Monetization Scheme (GMS). GJC has submitted a refined, jeweller-integrated framework for GMS, developed through structured stakeholder consultations across the banking, refining, and jewellery sectors. The
India’s New Shopping Mindset, Before You Buy Gold, #PehlaCheckIAGES
Mumbai: Indian consumers are being given the choice to make more informed decisions while buying gold. The efforts of Indian Association of Gold Excellence and Standards (IAGES), a self-regulatory organization created by the gold industry, is beginning to see the fruits of the groundwork it has put, into encouraging a shift in the gold-buying mindset of people with its pan
De Beers Diamond Output Rises 17% in Q1 2026
London: De Beers Group reported a 17% rise in rough diamond production to 7.1 million carats in Q1 2026, driven by higher volumes from Canada and South Africa. The increase was operational. Canada recorded the sharpest growth, with production rising to 1.0 million carats, up 163% on planned ore release from Gahcho Kué. South Africa output surged 53% to 0.7
