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
Anoop Mehta Elected as Vice President of WDC
Antwerp: Mr. Ronnie Vanderlinden was elected as the president of World Diamond Council (WDC) and Mr. Anoop Mehta was elected as Vice President of the WDC un-opposed. During the recently held AGM of WDC in Antwerp, Mr. Ronnie Vanderlinden was appointed President of WDC and Mr. Anoop Mehta who is currently serving as the President of Bharat Diamond Bourse (BDB),
IAGES Grows to 550+ Accredited Partner Outlets
Mumbai: The Indian Association for Gold Excellence and Standards (IAGES), a self-regulatory body has crossed the 100+ accredited partner landmark, establish a strong presence with 550+ partner outlets. With its footprint spanning 240+ cities pan India, IAGES consolidates its position as the facilitator of trust, transparency, and standardization in the gold sector. The IAGES accreditation network today spans the entire
Kama Jewelry Turns 30
Mumbai: Mumbai-based Kama Jewelry has marked three decades of fine jewelry manufacturing, Rs.982 Crore in revenue, 1,200 craftspeople, 260+ clients across four continents, and a 27% CAGR that rivals the best long-term compounders in Indian business. • Rs.982 Cr — FY2025-26 Revenue | +22% YoY growth• 27.1% — 30-Year CAGR | No outside capital raised• 1,200+ — Master craftspeople, all
Record Gold Prices Continue to Shift Demand Dynamics
Mumbai: The World Gold Council’s (WGC) Q1 2026 Gold Demand Trends report reveals that total quarterly gold demand (including OTC) reached 1,231t, a 2% increase year-on-year. While volumes increased modestly, the value of demand surged to a record US$193bn, up 74% year-on-year. Around the world, retail investors were drawn to gold’s price momentum and safe-haven appeal,driving bar and coin demand
S&P Downgrades Botswana’s Outlook to Negative
Gaborone: The Standard & Poor’s Ratings Services (S&P) has revised downwards its outlook on Botswana to negative from stable, while affirming its ‘A-/A-2’ long- and short-term foreign and local currency sovereign credit ratings. The announcement came just days after S&P’s rival, Moody’s, reaffirmed Botswana’s credit rating of A2 for foreign and domestic bonds for 2016 while also upholding a stable
Review Jewellery Incentives: India's CAG
New Delhi: India’s Comptroller and Auditor General (CAG) has asked the government to review export incentives to the gems and jewellery sector to safeguard revenues and prevent round-tripping. The CAG also asked the department of commerce to undertake an outcome analysis of the important schemes implemented to boost the sector from an economic, trading, and revenue perspective. All inverted duty
Popley Group Collaborates with FICCI FLO
Mumbai: Popley Group, a pioneer in luxury jewellery and lifestyle in India & Middle East for over 88 years has taken a step towards women empowerment under the auspices of FICCI FLO for their ceremony on changing of guards. FICCI Ladies Organization, (FLO) is the women wing of the Federation of Indian Chamber of Commerce & Industry (FICCI) FLO represents
Moody’s Upgrades Alrosa Rating
Moscow: Moody’s Investors Service has upgraded Russian diamond miner ALROSA’s corporate rating while reducing the rating on the probability of default. “The upgrade of ALROSA’s ratings primarily reflects the company’s strengthened business and financial profile; Moody’s expectation that its financial metrics will remain robust, despite demand and price volatility for diamonds; the company’s high profitability, positive free cash flow generation
