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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PGI Launches Campaign for New Evara
Mumbai: Platinum Guild International (PGI) launched a stirring new integrated advertising and marketing campaign to promote the all new range of its brand Platinum Evara. The campaign targets the millennial bride and groom who today prefer platinum jewellery for its subtlety and, its emotional quotient. The campaign is a 360 degree program led by a new TVC, and supported by
Richa Singh Appointed MD of DPA India
Mumbai: The Diamond Producers Association (DPA), an alliance of seven of the largest diamond mining companies globally, announces the appointment of Richa Singh as its Managing Director for India with immediate effect. Richa Singh joins DPA from L’Oreal and will be overseeing all the activities of the DPA in India, a market of great importance to the organisation. Richa Singh
Gemfields' Ruby Auction Generated US$55 mln.
Singapore: Pallinghurst’s 100% owned subsidiary Gemfields will collect US$54.96 million from an auction held last week – the highest figure attained at any Gemfields auction. The auction of rough rubies was held in Singapore from 6 – 10 November 2017. The rough rubies were extracted by Montepuez Ruby Mining Limitada (MRM), which is 75% owned by Gemfields and 25% by
De Beers’ 9th Cycle Provisionally Valued $455
Gaborone: De Beers sold rough diamonds with a provisional value of $455 million in the ninth sales cycle (Global Sightholder Sales and Auction Sales) of 2017, with the miner reporting a rise in demand ahead of the holiday season. Bruce Cleaver, CEO, De Beers Group, said, “Following a seasonally quieter period for rough diamond sales, Cycle 9 saw an uptick
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
