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
World Trade may Decline by 13 to 32%: WTO
Mumbai: The World Trade Organisation (WTO) had predicted that world merchandise trade is likely to decline by between 13-32% in 2020 due to the COVID-19 pandemic, according to a summary of the global body’s projections prepared by The Gem & Jewellery Export Promotion Council (GJEPC). The summary is part of the Council’s ongoing drive to keep member-exporters informed about global
Baselworld Fair Sailing through Troubled Waters
Basel: According to Swiss newspaper “Le Temps” the world’s largest luxury watch and jewelry show, Baselworld, is in danger of becoming extinct. The newspaper cites from a leaked letter from angry exhibitors, who are threatening to turn their backs on the fair for good, if they aren’t reimbursed fully for costs already made for this year’s – canceled due to
HRD Antwerp Launches Jewellery Design E-course
Beijing: HRD Antwerp, the Antwerp based diamond grading lab and education provider, has successfully concluded its first jewellery design e-course in China. The company already offered online jewelry sales courses in its online education program. Using CCTalk, Dingtalk and iPad as platforms, students were able to complete the 11-day Online Jewelry Design course comprising of 2,5 hours of virtual class
Forevermark Preparing Contingency Plans to Recover
(Exclusive) Mumbai: The Covid-19 pandemic has hit hard health of global gem and jewellery industry. It has pushed the world economy into an unprecedented crisis. Gems2jewellery.com contacted Mr. Sachin Jain, President, Forevermark (India) to assess its sales loss caused by the Covid-19 and its future strategy to recover from the current crisis. He says, these are extraordinary circumstances and we
India Govt. Includes Jewellery in FTWZ
New Delhi: In a significant policy clarification, the Government of India has brought jewellery under the ambit of Free Trade Warehousing Zones (FTWZ), extending the scope of the existing framework governed by the SEZ Rules, 2006. Under a Circular dated 3rd March 2016, FTWZ units were already permitted to undertake storage and vaulting of precious commodities such as gold, silver,
Sennes Launches its 1st Exclusive LGD Store in Noida
Noida: Backed by the legacy and trust of Senco Gold & Diamonds, Sennes – Senco’s lab-grown diamond (LGD) focused lifestyle brand – announced the launch of its first exclusive store in Noida at Gaur City Mall. This marks Sennes’ 12th store in the country and its debut in the Noida market, further strengthening its presence across key urban centres. Positioned
Botswana Leadership Takes its Place on The World Stage
Gaborone: The Government of Botswana in collaboration with the Diamond Sector, has launched the 60 Years of Diamond Leadership Initiative and unveiled the diamond embedded medals for the Debswana World Athletics Relays Gaborone 26 at the Botswana National Museum. This moment marks a defining shift in Botswana’s diamond journey: from resource extraction to global reputation; from mineral value to public
GJC Issues Statewide Guidelines & Multilingual SOPs
Mumbai: The All India Gem and Jewellery Domestic Council (GJC) has launched a comprehensive industry-wide initiative to safeguard jewellery traders across Maharashtra by rolling out structured guidelines and Standard Operating Procedures (SOPs) aimed at ensuring fair, transparent, and accountable policing practices during theft investigations. This initiative follows the Government of Maharashtra’s circular dated March 14, 2024, and reflects GJC’s proactive
