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
G&J Trade Welcomes the Union Budget
Mumbai: India’s Finance Minister Mrs. Nirmala Sitharaman presented the union budget for 2026-27 yesterday in the parliament. Provisions of which are welcomed by India’s gem & jewellery (G&J) trade. Mr. Rajesh Rokde, Chairman, All India Gem & Jewellery Domestic Council (GJC): “The Union Budget 2026–27 reflects a stable and sensitive approach towards the Gems & Jewellery industry. The absence of
De Beers Group Debuts at India Art Fair 2026
New Delhi: De Beers Group, the world’s leading diamond company, makes its debut at India Art Fair 2026 with Voyage Through the Diamond Realm, an immersive experience in collaboration with textile artist Lakshmi Madhavan that celebrates natural diamonds as nature’s original works of art. The presentation will be on view from 5th to 8th February 2026 at NSIC Grounds, Okhla, as part of India
Antwerp Extremely Satisfied with India-EU FTA
Antwerp: The recently concluded trade agreement between the European Union and India provides for a reduction of India’s import duty on naturally polished diamonds of European origin, from 5.5% to 2.5%. This tariff reduction is the result of intensive lobbying efforts by the Antwerp World Diamond Centre (AWDC), in close cooperation with the European Commission. The measure represents a new boost for the Antwerp diamond industry and strengthens Antwerp’s attractiveness as a polishing centre. The reduced tariff is expected to have a positive impact on exports from Antwerp to India. “We are extremely pleased with the outcome of the long-awaited trade agreement between Europe and India,” says Karen Rentmeesters, CEO of AWDC. “Thanks to AWDC’s intensive and sustained lobbying, in close cooperation with the European Commission, India’s import duty on polished diamonds has been reduced from 5.5% to 2.5%. This is an important boost for the Belgian diamond sector and is expected to have a positive impact on exports of Antwerp-polished diamonds to India. Moreover, this measure strengthens our competitiveness as a polishing center: diamonds polished in Europe will now be able to enter India at a more favourable tariff than before, and also compared to other major trading hubs. India is one of the fastest-growing consumer markets for jewelry and therefore also offers
BDB Pays Tribute on International Holocaust Remembrance Day
Mumbai: the Bharat Diamond Bourse (BDB) solemnly paid homage yesterday to the millions of Jewish lives brutally taken during World War II, marking International Holocaust Remembrance Day at the historic Keneseth Eliyahoo Synagogue in Mumbai. This global day of remembrance commemorates the liberation of Auschwitz- Birkenau and honors the memory of the six million Jews and countless others who were
RJC Concludes AGM with Visit to Surat & SEEPZ
Mumbai: The Responsible Jewellery Council (RJC) held its Annual General Meeting (AGM) in Mumbai on April 13, 2015, followed by visits to key diamond and jewellery manufacturing centres in Surat and the SEEPZ Special Economic Zone. The event was co-hosted by The Gem and Jewellery Export Promotion Council (GJEPC) and Bharat Diamond Bourse (BDB). This was the first RJC AGM
Indian Govt. Eyeing On the Gold in Temples
New Delhi: Around 3000 tonnes of gold is said to be amassed by the temples of India in the form of offerings from devotees and, the worth of other jewellery can be price less. Now, the government of Narendra Modi is planning to introduce a new deposit scheme for Temples from May and thus combat the Trade Imbalance faced by
Huge Haul of Gems Stolen in London
London: On April 7, thieves using heavy cutting equipment broke into 60–70 safe deposit boxes in London’s Hatton Garden district, home to numerous diamond and jewelry wholesalers, according to a statement by the local Metropolitan Police. Reports say that the thieves may have gotten as much as $300 million in gold and diamonds, which John Kennedy, president of the Jewelers’
India Cuts Diamond Production By 30%
Mumbai: India’s diamond manufacturers have decided to cut production by up to 30% to avoid inventory buildup in a slowing market, reports The Economic Times. After a dismal last quarter, the country’s diamond industry, which accounts for about 80% of the world’s production of polished stones, is facing a gloomy start to the new fiscal, primarily due to a fall
