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
Top News
US & Japan to Invest $550 bln. on Synthetics
New York: The governments of the United States and Japan are reportedly considering directing a portion of a proposed $550 billion investment package toward establishing synthetic diamond production in the U.S., as part of a broader effort to strengthen critical technology supply chains. At the heart of the initiative is a planned synthetic diamond manufacturing facility in the United States,
The Tariff is Illegal: US Supreme Court
Washington: US trading partners, including India, that have reached tariff deals with Donald Trump’s administration before the Supreme Court verdict, will now face a 10 per cent duty, despite higher levels they may have agreed on previously, the White House has said. The certification came after the US Supreme Court struck down Trump’s sweeping and often arbitrary duties, delivering a
PNG Jewellers Receives IAGES Accreditation
Mumbai: India’s gold industry is set to achieve the highest standards of ethical and responsible business practises followed, as more gold entities receive their Indian Association for Gold Excellence and Standards (IAGES) accreditation. Joining the fast-growing pan India network of verified gold retailers is the leading legacy brand PNG Jewellers (PN Gadgil Jewellers Ltd) that has received its IAGES accreditation.
De Beers Unveiled “Voyage Through the Diamond Realm”
New Delhi: De Beers unveiled “Voyage Through the Diamond Realm,” at India Art Fair 2026. The immersive installation invites audiences to explore the mythical origins of diamonds. Through visual storytelling, scenography and soundscapes, the installation reveals the living heritage of diamonds, their cosmic and earthly journeys across time. Positioned at the intersection of art, nature and human expression, the experience
Anika is President of MMTC-PAMP Consu. Business
Mumbai: The MMTC-PAMP, India’s first and only London Bullion Market Association (LBMA) accredited Good Delivery refinery for Gold and Silver yesterday announced the appointment of Anika Agarwal as President – Consumer Business. Anika would be responsible for building and delivering the strategy to build MMTC PAMP’s brand and footprint in India across the Physical and Digital spaces. She will report
GJSCI Kick Starts Pilot Project of JADE
Mumbai: The Indian gems and jewellery industry recently witnessed the virtual launch of GJSCI’s Centre for J.A.D.E. (Jewellery Artificial Intelligence & Data Science Excellence) on 30th November, 2020. To give one an insight of the concept, J.A.D.E. is a Centre of Excellence (COE) of Artificial Intelligence (AI) that focuses on the use of AI for Indian gems and jewellery industry.
Landmark Budget for Gem & Jewellery Industry
Gold import duty reduced from 12.5% to 7.5% Silver import duty reduced from 12.5% to 7.5% Duty on Platinum reduced to 10% Clarification Sought – Equalisation Levy of 2% not applicable on B2B Purchases from International Diamond Auctions A new Sebi regulated gold exchange has been announced Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) yesterday welcomed Finance Minister
Reduction in Duty on Precious Metals Welcomed
Mumbai: India’s Finance Minister Mrs. Nirmala Sitharaman yesterday reduce the long awaited import duty on gold and silver from 12.5 to 7.5%. For platinum, the duty was reduced to 10%. The booster step to the already fumbling industry was whole heartedly welcomed by leaders. Ms. Vaishali Banerjee, Managing Director, Platinum Guild International (PGI) – India: “The Budget presented by the
