We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
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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
India’s G&J Industry Welcomes GST Reforms
Mumbai: The Indian Gem & Jewellery industry (G&J) expressed its sincere gratitude to India’s Finance Minister Mrs. Nirmala Sitharaman for the landmark GST reform recommendations approved at the 57th GST Council meeting. These progressive recommendations are a significant step towards enhancing ease of doing business, strengthening export competitiveness and creating a more enabling environment for the growth of India’s Gem
Momentum is Building for Basilia Jewellery & Watch Fair
Basel: Three months after its launch, it is clear that Basilia Jewellery & Watch Fair, organised by Informa Markets and MCH Group, meets a strong need with its gateway trade fair for the jewellery, watch and gemstone industries in Asia and Europe. Strong market demand has already brought exhibitor registrations to 70% of the target for the inaugural edition, which
Men of Platinum Expands Collection with New Designs
Mumbai: Platinum Guild International (PGI) India has unveiled a new Men of Platinum collection featuring chains, pendants, bracelets and rings designed for men at different stages of their journey. Endorsed by Rohit Sharma and Anirudh Ravichander in the brand’s new campaign, the collection brings to life a central belief: enduring success is forged through character—the conviction to forge your own
De Beers and Botswana Extend Partnership with Letsile Tebogo
London: De Beers Group and the Government of the Republic of Botswana today announced the extension of De Beers’ partnership with Olympic champion and Botswana sporting icon Letsile Tebogo. Originally launched in January 2025, when Tebogo was appointed a De Beers Global Ambassador, the partnership has now been expanded into a three-year programme of work between De Beers and the
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
HP Gets LBMA Good Delivery Accreditation
Mumbai: Hindustan Platinum (HP), India’s leading manufacturer and refiner of precious metal products with wide and diverse industrial applications, has received Good Delivery Accreditation from the London Bullion Market Association(LBMA), an international apex body for precious metals; for silver bars produced from its HP’s Navi Mumbai refinery. The accreditation ensures that HPs silver bars will be widely accepted and traded
