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
Need to Further Strengthen Trust in the System: KP Chair
Mumbai: The Kimberley Process (KP) Intersessional Meeting 2026 commenced in Mumbai under India’s Chairmanship. The meeting, being held from May 11 to May 14, 2026, has brought together representatives from Kimberley Process Participants, Observers and industry stakeholders from across the world to deliberate on key issues related to the global trade in natural diamonds. Addressing the gathering, KP Chair 2026,
Sky Gold and Diamonds Appoints MSKA & Associates
Mumbai: Sky Gold and Diamonds Limited has appointed M/s M S K A & Associates LLP, Chartered Accountants, a member firm of BDO International, as the Statutory Auditors of the Company and its material subsidiaries, subject to shareholders’ approval. The appointment has been approved by the Board of Directors following the recommendation of the Audit Committee. The move marks a
Reena Ahluwalia’s Painting Accessioned into Smithsonian
Toronto: Visual Artist Reena Ahluwalia’s painting, “The Legacy of The Winston Red Diamond,” has been accessioned into the Smithsonian National Museum of Natural History. At a May 6 ceremony in the Janet Annenberg Hooker Hall of Geology, Gems, and Minerals, Dr. Gabriela Farfan, the Coralyn W. Whitney Curator of Gems and Minerals, accepted the painting. This is the first contemporary
India’s PM Appeals People Not to Buy Gold
New Delhi: India’s Prime Minister Mr. Narendra Modi has appealed country’s citizens not to buy gold for one year. His may have sounded unusual at first, especially in a country where gold is deeply linked to tradition, savings and family celebrations. But behind the statement lies a larger economic concern: pressure on India’s foreign exchange reserves and the weakening rupee
Diamond Trading: India Team Visits Belgium, Dubai
New Delhi: To expedite the process of setting up a special notified zone for rough diamond trading, the government has sent a team of senior officials to study the trading models in Belgium and Dubai before firming up a policy for India, reports Financial Express. The sending of the team, comprising officials from the ministries of commerce and finance as
ALROSA to Cut on Diamond Stockpiles in 2015
Moscow: This year ALROSA will sell out some of its diamond stock, the amount of unsold diamonds will reduce to 11 million carats from 18 million carats three years ago, while its loan burden will drop by $1.3 billion from the 2014 level of $3.6 billion, ALROSA’s acting president Ilya Ryaschin was quoted by the company’s corporate journal as saying.
Anglo American Facing Downgrade to Junk Rating
Gaborone: Mining giant Anglo American risks a downgrade to “junk” status as it faces billions of dollars of writedowns and plunging profits as commodity prices tumble. The ratings agency Standard & Poor’s is finalizing a review of leading miners following the slide in commodities, including copper, coal, iron ore and platinum, The Australian reports citing The Sunday Times. Anglo American,
Gemfields to Sponsor 16th ICA Conference
Colombo: Colored gemstone supplier Gemfields has announced its sponsorship of the International Colored Gemstone Association’s ICA Congress, which is slated for May 16-19 in Sri Lanka. Now in its 16th year, the congress brings together leaders and experts in the gem industry with a number of presentations and special events highlighting colored gemstones. Attending the event on behalf of Gemfields
