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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CIBJO Releases Pearl Special Report
Milan: With fewer than three weeks to go to the opening of the 2019 CIBJO Congress in Manama, Bahrain, on November 18, 2019, the eighth of the CIBJO commissions’ Special Reports has been released. Prepared by the CIBJO Pearl Commission, headed by Kenneth Scarratt, it looks at the growing impact of environmental and conservationist factors on the pearl sector, noting that these pose
PNG Jewellers Opens Two New Stores
Pune: Strengthening its footprint in suburban areas and Pune District, Legacy Brand PNG Jewellers has opened two new stores, one at southeastern suburb Undri and the other at Manchar on Pune- Nashik Road. The store at Undri was inaugurated by renowned Bollywood actress Raveena Tandon, while the store at Manchar was inaugurated at the hands of popular Marathi actress Sai Tamhankar in presence of Chairman
Female Purchasing Power Increases in Diamonds
Gaborone: The latest diamond industry research published today by De Beers Group reveals that the share of US women buying their own engagement ring doubled from seven per cent to 14 per cent within a five year period, and when women buy their own diamond engagement ring they spend on average 33% more than men – $4,400 compared with $3,300.
Trutnev Urges ALROSA to Enter Synthetic Market
Moscow: Yuri Trutnev, Russia’s Deputy Prime Minister and Presidential Envoy to the Far Eastern Federal District urged ALROSA to engage in the production of synthetic diamonds. Trutnev was quoted by TASS as saying that abstaining from the participation in the production of synthetics is not very far-sighted, since synthetic goods have occupied a fairly large stake of the market. Speaking
GJEPC Urges RBI to Ease Banking Norms to Boost G&J Exports
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has urged the Reserve Bank of India (RBI) to introduce a series of banking and regulatory reforms to strengthen the competitiveness of India’s gem and jewellery (G&J) exports. The Council’s recommendations focus on improving exporters’ access to working capital, reducing compliance bottlenecks, streamlining banking procedures and creating a more facilitative regulatory
GJEPC Highlights Key Policy Priorities at Meeting with CIM
New Delhi: India’s Gem & Jewellery Export Promotion Council (GJEPC) highlighted the industry’s key policy priorities during a meeting chaired by Mr. Piyush Goyal, the Union Minister of Commerce & Industry, with Export Promotion Councils (EPCs) and industry associations in New Delhi on 24 June to review the Export Promotion Mission (EPM). Ashish Borda, Convenor – PMBD, GJEPC, and Sabyasachi
Thangamayil Jewellery, Receives IAGES Accreditation
Madurai: Gold buyers in Tamil Nadu can now purchase their favourite precious metal with complete trust and transparency from Thangamayil Jewellery Limited (TMJL), one of the most recognized chain of jewellery stores in the state. TMJL has officially received its IAGES accreditation, further cementing its commitment to serve its consumers in the most ethical, responsible and sustainable manner. The Indian
Russia to Levy 8% Duty on Rough from Sep.
Moscow: The Russian government has announced that it will impose an 8% export duty on rough diamonds weighing between 0.45 carats and 10.8 carats, as well as on special-size diamonds exceeding 10.8 carats, effective September 1, 2026. The new duty will apply to rough diamonds in weight categories that are considered economically viable for domestic cutting and polishing. Russia had
