We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors
Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000
Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors
Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000
Top News
De Beers Declares 35% Fall in Diamond Production
Mumbai: De Beers Group has reported a big fall of 35% in diamond production for Q4 of 2025, mainly due to maintenance shutdowns at its Jwaneng and Orapa mines. In its Q4 report for the year, the diamond mining major revealed it recovered 3.78 million carats between October and December, down from 5.83 million carats during the same period in
Maryam Al Hashemi to Steer KP Committee on Participation & Chairmanship
Dubai: DMCC confirmed that Maryam Al Hashemi, Senior Director of Precious Stones and Metals at DMCC and the UAE KP Director, has been appointed Chair of the Kimberley Process (KP) Committee on Participation and Chairmanship (CPC). The CPC is a vital body within the Kimberley Process, responsible for evaluating new participants, reviewing compliance matters, and assessing Vice-Chair candidates. Its recommendations
MS Dhoni Reveals His Most Cherished Platinum Moments
Mumbai: Men of Platinum, the men’s jewellery brand from Platinum Guild International (PGI) India, brought its highly anticipated #MomentWithMahi campaign to a thrilling close with an exclusive fan meet-and-greet with MS Dhoni at the iconic Taj Lands End, Mumbai. This one-of-a-kind experience was the culmination of the brand’s festive purchase programme — a rare reward for select consumers who purchased
GJEPC Hails the India-US Trade Agreement
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has hailed the landmark India-U.S. trade agreement as a “vital relief measure for India’s gem and jewellery sector”, which faced severe pressure from escalating U.S. tariffs. GJEPC extends its deepest appreciation to the Hon’ble Prime Minister Mr. Narendra Modi, the Hon’ble President of USA Mr. Donald Trump, the Hon’ble Commerce &
Global Diamond Market to Grow to $552 Billion
Mumbai: The diamond industry is blossoming, including some of the largest firms. Out of these, the top players are Public Joint Stock Company ALROSA, Rio Tinto Group, and Anglo American plc. The global diamond market was worth $504 billion in 2021, and by the end of this year, it will have grown by a compounded annual growth rate of 9.5%
India-Australia ECTA to Boost G&J Trade to $2 Bln.
Mumbai: The Govt. of India has been successful in facilitating gem & jewellery trade in the post pandemic era – first, with the India-UAE CEPA which helped gain remarkable progress in gems & jewellery exports (G&J) to UAE, and now with the India-Australia Economic Cooperation & Trade Agreement (ECTA), which got Australian parliament approval recently. The historic India-Australia trade agreement
Jatin Mehta Fails in Bid to Unfreeze $932m Assets
London: Fugitive Indian diamond merchant Jatin Mehta has lost his legal challenge against the freezing of his assets, worth $932m, by a British court. The high court in London ruled that the worldwide freezing order (WFO) imposed in May 2022 on Mehta and his family must continue. He is accused of defrauding 15 lenders out of more than $1bn lent
Duties on 100% tariff Lines to be Eliminated by Australia
New Delhi: Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Mr. Piyush Goyal said that duties on 100 percent tariff lines would be eliminated by Australia under the landmark India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA). He was addressing a press conference on the ECTA following the approval of the Agreement by the
