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
Top News
New Dates Announced for JGW and JGA
Hong Kong: Informa Markets – Jewellery is rescheduling Jewellery & Gem WORLD Hong Kong (JGW), the industry’s leading B2B fine jewellery event, for 9 – 13 November 2020 at the AsiaWorld-Expo (AWE). The fair organiser is also preparing to launch a customised digital event service later this year, which is designed to meet the unique needs of the jewellery industry and enhance the exhibitor discovery
Gemfields’ Final Film Explores July’s Birthstone
Mumbai: Gemfields has released fourth and final instalment in its short film series devoted to coloured gemstones. Fittingly, this one is all about the ruby – the vibrant birthstone for the month of July. Representing passion, prosperity and protection – early warriors would even carry them into battle – rubies hold a special place in the hearts of many, their
Global Rough Output -6.8% to $13.47 Bln. in '19: KP
Mumbai: Worldwide rough diamond production in 2019 slipped 6.8% in value terms to $13.47 billion, and dropped 12% in volume to 130.34 million carats, according to statistics released by the Kimberley Process (KP), the global monitoring system that was set up to prevent conflict diamonds. The average price of rough production in 2019 increased 6.1% to $103.41 per carat as
GJEPC Discusses Critical Issues with FM
Mumbai: The chairman of India’s Gem and Jewellery Export Promotion Council (GJEPC) Mr. Colin Shah, vice chairman Mr. Vipul Shah and executive director Mr. Sabyasachi Ray held a video meeting with the Hon’ble Finance Minister (FM), Mrs. Nirmala Sitharaman, on 6th July, and made a presentation on the critical issues concerning the gem and jewellery industry with the Finance Ministry.
Piyush Goyal Inaugurates NEST 2 at SEEPZ
Mumbai: India’s Commerce and Industry Minister Mr. Piyush Goyal unveiled the NEST–02 (New Enterprises & Services Tower – Phase 2) at the Santacruz Electronics Export Processing Zone (SEEPZ) yesterday, calling for stronger partnership between industry and the government to boost efficiency, transparency, and skilling. Speaking at the event, Mr. Goyal said SEEPZ must mirror the rapid economic growth witnessed under
Mehul Choksi’s Extradition is Cleared by Belgium
Mumbai: Belgium’s top court has dismissed fugitive diamantaire Mehul Choksi’s appeal against his arrest in Antwerp, which was made on the basis of an extradition request from New Delhi, according to people familiar with the matter. The Belgian Court of Cassation — equivalent to India’s Supreme Court — heard Choksi’s plea in Brussels on Tuesday and ruled in favour of
Mumbai: Gemfields has announced revenue of $25.4 million from its November–December auction of commercial-quality rough emeralds, marking one of the company’s strongest sales performances of the year despite earlier disruptions at the Kagem mine in Zambia. Held via private viewings in Jaipur, India, followed by an online sealed-bid process, the auction offered 46 lots of rough emeralds. Of these, 45
Open House Session with Mumbai Customs Dept.
Mumbai: The Customs Zone–III successfully conducted an Open House Meeting on 4th December 2025, chaired by Mrs. Prachi Saroop, Principal Chief Commissioner of Customs, to deliberate on various operational and policy-related issues concerning customs functioning at PCCCC. The meeting saw active participation from trade members, industry representatives, exporters/importers, GJEPC and senior customs officials, fostering a transparent and collaborative environment. The
