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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G&J Industry May Take a Year to Recover After GST
Mumbai: India’s gold jewellery industry may take at least 12 months to recover after implementation of goods and services tax (GST) since the organised segment in the industry comprises only 30 per cent of the trade. “Behavioural change is necessary in both the consumer and the trade and the inherent complexity of the supply chain will need to be factored
ALROSA Revenue Fell 17% in Q1 2017
Moscow: ALROSA published its financial results on IFRS for the first quarter of 2017, and reported its revenue fell 17% year on year. ALROSA’s Q1 2017 revenue totalled RUB 84.8 bn, up 38% on the previous quarter and down 17% year on year. EBITDA totaled RUB 35.2 bn, with EBITDA margin totalled 42%. Net income totalled RUB 22.7 bn. Free
Signet Jewellers Sales Down in 1st Fiscal Quarter
New York: Signet Jewellers said its first quarter total sales were $1,403.4 million, down $175.5 million or 11.1% compared with the first quarter last year, while same store sales decreased 11.5% compared to one year ago. The number of transactions decreased across all divisions due to declining brick and mortar store traffic. Merchandise categories and collections were broadly lower in
ALROSA Unearths 60.32 Carat Diamond
Moscow: ALROSA said on Friday it had extracted a large diamond weighing 60.32 carats, which is priced by experts at about $ 174 500. The diamond, which is a transparent octahedron-shaped stone with a yellowish hue, was extracted at the Gornoye alluvial diamond field with a dredge of Concentrating Plant No. 3 belonging to the company’s Mirny Mining Division. This
New Source of Paraíba Tourmalines Reportedly Discovered in Ethiopia
Basel: Copper-bearing tourmalines—widely known in the trade as Paraíba tourmalines—have captivated gem dealers, collectors, and enthusiasts around the world since they first appeared on the market in the late 1980s. The Swiss Gemmological Institute SSEF has received credible reports from trade sources that indicate a new deposit of copper-bearing tourmaline has been discovered in Ethiopia. To date, the number of
Lukson Opens its 10th Exclusive Store in Bandra
Mumbai: Lukson, one of India’s fastest-growing lab-grown diamond jewellery brands and the D2C arm of the 34-year-old JK Star Group, announced the opening of its 10th exclusive retail store in Bandra, Mumbai, one of India’s most coveted fashion, luxury, and lifestyle destinations. The milestone opening marks a significant chapter in Lukson’s rapid retail expansion and reinforces the brand’s commitment to making
JGA 2026 Opened in Hong Kong
Hong Kong: Nearly 1,100 exhibitors from around 30 countries and regions have gathered at the Hong Kong Convention & Exhibition Centre to showcase their latest collections to international buyers at Jewellery & Gem ASIA Hong Kong (JGA) 2026, which runs until Sunday, June 21, 2026. Organised by Informa Markets Jewellery, Asia’s No.1 mid-year B2B jewellery buying destination brings together two co-located
IFSCA Permits GJEPC RCMC Holders to Import Gold, Silver Through IIBX
Mumbai: The International Financial Services Centres Authority (IFSCA), the unified regulator overseeing financial activities in GIFT City, has accepted key recommendations made by the Gem & Jewellery Export Promotion Council (GJEPC), allowing holders of a valid Registration-cum-Membership Certificate (RCMC) to access bullion imports through the India International Bullion Exchange (IIBX). Under a revised circular issued on 15 June 2026, valid
