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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Forevermark to Continue Investing in India: Nancy Liu
Mumbai: The recently appointed CEO of Forevermark Ms. Nancy Liu talks exclusively to G2J about the growth and prospects of the brand. Here are the excerpts: Answering a question, she said, “India is an incredibly important market for Forevermark that holds tremendous potential and we are committed to continuing to invest to support our strong growth in the country. Our aim is to continue to
Hike in Gold Import Duty Attracts Sharp Reactions
Mumbai: India’s Finance Minister (FM) Ms. Nirmala Sitharaman has proposed to hike the import duty on gold and other precious metals by 2.5% in Union Budget 2019. Prices for gold and other precious metals will go up with the latest announcement. Import of gold currently attracts a 10% customs duty. “It is also proposed to increase custom duty on gold
GJSCI Announces 'Anant' Design Competition Winners
Mumbai: The Gem & Jewellery Skill Council of India (GJSCI) in its endeavor to revive some dying arts in our country aimed at promoting design development, product innovation and diversification of India’s for heritage arts form viz. Hupari Payal (Kolhapur), Tarakasi (Cuttack), Thewa (Rajasthan) & Gajra (Bhuj, Gujarat) designed a contest around these arts. The objective behind the whole concept
GJC Members Pledge to Do Ethical Business
Mumbai: Jeweller members of All India Gem & Jewellery Domestic Council (GJC) took a pledge of Trust, Transparency, Ethics, Compliance and Customer First! “We pledge to always be ethical in our services. We pledge to treat our customers and vendors with utmost respect. We pledge to always be compliant in our businesses. We pledge to stand together in times of difficulty. We
Nearly 80% of Belgian Diamond Traders Pass First-Ever Anti-Money Laundering Exam
Antwerp: For the very first time, the Belgian FPS Economy and the Antwerp World Diamond Centre (AWDC) organized a large-scale anti-money laundering (AML) exam for Belgian diamond traders. The sector delivered strong results, with nearly 80%of the 196 participants passing the test. The exam, which assesses knowledge of Belgian AML obligations, is part of broader efforts to further strengthen compliance
Gemfields CEO to Step Down: Ruby Auction Fetches $23.1 Mln.
London: Gemfields Group recently announced that its CEO Mr. Sean Gilbertson will step down by mutual agreement on 15 July 2026, with Chief Financial Officer Mr. David Lovett appointed Interim CEO while retaining his current role. The Board has begun the process of identifying a permanent successor. The announcement coincided with the results of Gemfields’ inaugural Trade Select ruby auction,
GJC Calls for Balanced Policy & Consumer Friendly Reforms
Mumbai: The All India Gem & Jewellery Domestic Council (GJC) released yesterday its half‑yearly review of the gold and silver market for 2026, noting that the first six months of the year were marked by historic peaks in bullion prices, followed by corrections that reshaped consumer sentiment and industry outlook. The Council emphasized that taxation changes, customs duty hikes, and global geopolitical
Two New Gold & Silver Vending Machines Launched in Mumbai
Mumbai: Aspect Bullion & Refinery, the pioneer behind India’s first-ever Gold & Silver Vending Machine, has launched two new vending machine installations in Mumbai this June. This expansion marks another significant milestone in the company’s mission to make buying gold and silver more accessible, seamless, and convenient through an innovative, secure, and hassle-free purchasing experience. A vending machine was launched at
