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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India Shines at June 2018 HK Jewellery & Gems Fair
Hong Kong: Leading 42 gem & jewellery exhibitors from India participated under India Pavilion organized by Gem & Jewellery Export Promotion Council (GJEPC) at the June Hong Kong Jewellery & Gems Fair 2018. The event was held from 21 – 24 June 2018 at Hong Kong Convention & Exhibition Centre (HKCEC) with an exciting line up of exhibitors and special
De Beers’ 5th Cycle Worth $575 Million
Gaborone: De Beers sold rough diamonds with a provisional value of $575 million in the fifth sales cycle (Global Sightholder Sales and Auction Sales) of 2018. The miner reported confirmed sales of $554 million in the fourth cycle. Bruce Cleaver, CEO, De Beers Group, said, “Sentiment in the diamond industry’s midstream is positive following the JCK Las Vegas trade show
ZCDC Future Hangs in the Balance
Harare: Zimbabwe Consolidated Diamond Company (ZCDC)’s future hangs in the balance after the Supreme Court last week dismissed Government’s appeal challenging a High Court decision to allow Mauritius-registered firm Grandwell Holdings to remain at Chiadzwa, according to a report published in The Herald. Grandwell Holdings holds a 50 percent controlling stake in Mbada Diamonds (Pvt) Limited. Then Mines and Mining
JNA Jewellery Design Competition 2018/19 Kicks off
Hong Kong: JNA of UBM Asia Ltd have launched the JNA Jewellery Design Competition 2018/19 at a dedicated seminar held on the side-lines of the June Hong Kong Jewellery & Gem Fair on 21st June, 2018. Sponsored by Crossfor HK Ltd, Platinum Guild International (PGI) and the Tahitian Pearl Association Hong Kong (TPAHK), the competition recognises and celebrates excellence in
Qatar Diamond Exchange Broadens Asian Presence
Doha: The Qatar Diamond Exchange (QDE) has signed a Memorandum of Understanding (MoU) with the Diamond Federation of Hong Kong, China (DFHK), establishing a strategic partnership between the two organizations. The agreement was formalized in Hong Kong by Ghanim Al-Saadi, Director of the Qatar Diamond Exchange, and Lawrence Ma, President of DFHK. Founded in 2000, DFHK represents Hong Kong’s diamond
Diamonds for Development Fund Receives Initial Funding
Gaborone: The Government of the Republic of Botswana and De Beers Group yesterday announced that De Beers Group has transferred its initial contribution of BWP1 billion to the Diamond for Development Fund, marking a major milestone in the progress of the Fund and its mandate to support Botswana’s long-term economic diversification. The disbursement follows the establishment of the Fund’s governance
De Beers Reports Lower Q3 Output
London: De Beers reported an 11% year-on-year decrease in rough diamond production to 6.8-million carats for the quarter ended September 30, primarily driven by planned plant maintenance at Orapa, in Botswana, and a slowdown at Venetia, in South Africa, ahead of a planned two-year production pause. Operational Performance: De Beers notes that rough diamond production was 11% lower at 6.8
New FEMA Guidelines to Exporters Explained
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), in association with IndusInd Bank, organized a webinar on 16 October 2026 to explain the revised Foreign Exchange Management Act (FEMA) guidelines and their implications for the gem and jewellery trade. Prakash Kumar Rath, Head – Gems, Jewellery and Diamond Division, IndusInd Bank, addressed key changes under the revised framework, which
