We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
Top News
ALROSA Vice-President Leaves the Company
Moscow: Andrey Polyakov, Vice-President of ALROSA will leave the company in the near future, the RBC portal says. The decision was agreed with ALROSA’s President, the company’s spokesperson told RBC. ALROSA President Sergey Ivanov said that “during the 13 years at ALROSA, Andrey has done much not only for the company, but also for the development of cooperation between major
WDC President Andrey Polyakov Resigns
New York: The World Diamond Council (WDC), an industry group focused on removing conflict diamonds from the global supply chain and protecting the value of natural diamonds, announced yesterday that current president Andrey Polyakov will be resigning by the end of the week. Current WDC Vice President Stephane Fischler will become acting President effective July 1, 2017. Mr Fischler will
GST Benefit to Show After Long Term: Moody’s
Mumbai: India’s all industrial and retailer sectors are gearing up for the implementation of GST from July 1, 2017. Finance Minister Mr. Arun Jaitley will deliver a historic speech on midnight of 30th June to rollout the much-awaited tax reform. Referring to the scheduled rollout of GST on July 1, rating agency Moody’s says teething issues in implementing the change
Gahcho Kué Prices Hit New Peak at $95/ct.
Toronto: Mountain Province Diamonds recorded its highest average price to date as it garnered $21.1 million at its June sale. The fifth tender of rough from the company’s Gahcho Kué mine fetched $95 per carat, compared with $72 per carat in the first three sales and $86 per carat at the fourth. The results were high because the sale featured
De Beers Group Launches ‘Heera Hai Aapke Liye’
Mumbai: De Beers Group, the world’s leading diamond company, marked a significant milestone in the Indian jewellery landscape with the official launch of the “Heera Hai Aapke Liye” program at IIJS Signature. The star-studded event featured actress Sonakshi Sinha, who joined Ms. Shweta Harit, Global Senior Vice President of De Beers Group and CEO of Forevermark, to unveil an initiative
GJSCI Holds JOSH Convocation Ceremony
Mumbai: The Gem & Jewellery Skill Council of India (GJSCI) organized the convocation ceremony of JOSH for the 6th batch of specially abled candidates and the 12th batch of regular candidates on 16 January 2026 at the Bharat Ratnam Mega Common Facility Centre (CFC), SEEPZ. The ceremony marked the successful completion of training for the candidates, celebrating their hard work,
Can India Reinforce Confidence in the KP?
Mumbai (By Suresh Chotai): As India assumes the Chair of the Kimberley Process Certification Scheme (KPCS) this year, the global diamond industry sees renewed opportunity for meaningful dialogue on one of the most debated issues within the Process: the definition of so-called “blood” or “conflict” diamonds. The current Kimberley Process definition, framed in the early 2000s, restricts conflict diamonds to
GJC Submits Pre-Budget Recommendations
Mumbai: All India Gem & Jewellery Domestic Council (GJC), the apex body representing India’s domestic gems and jewellery trade, submitted its detailed pre-budget recommendations to the Hon’ble Finance Minister Smt. Nirmala Sitharaman for consideration in the Union Budget 2026–27. The representation focuses on five core pillars: 1. GST reforms to restore affordability and eliminate working capital blockage 2. Direct tax relief on
