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
Kirit Bhansali Applauds the Union Budget
Mumbai: India’s Finance Minister Mrs. Nirmala Sitharaman has presented the Union Budget for 2026-27 which is hailed by the Gem & Jewellery Export Promotion Council (GJEPC). Through an official Press Release its Chairman Mr. Kirit Bhansali says: “We thank the Government for a positive, growth-focused Budget that addresses key bottlenecks and gives fresh momentum to India’s gems and jewellery sector.
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
De Beers Opens First Store in Kuwait
Gaborone: De Beers recently opened a 145-square meter store in the Prestige area of the Avenues Mall in Kuwait – its first in the Emirate. It is the third location to be opened in the Middle East, following similar stores in Dubai and Bahrain. The company hosted an event in honor of talented Kuwaiti women to showcase the launch of
De Beers 5th 2016 Sight Valued at $560 Million
Gaborone: The De Beers Group of Companies has announced that the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for its fifth Sight of 2016 was provisionally valued at $560 million. “Sales in the fifth cycle of the year were somewhat lower than in the fourth cycle, in line with our expectations and typical seasonal demand patterns,”
India Diamond Week in New York from 22nd Aug
Mumbai: Enthused by the success of the previous editions of the India Diamond Week which commenced in 2014, India’s Gem & Jewellery Export Promotion Council (GJEPC) is organizing the 5th India Diamond Week in joint association with DDC (Diamond Dealers Club) in New York to be held from August 22 – 25, 2016 at the Diamond Dealers Club at 580/5th
JNA Awards 2016 Honourees Revealed
Hong Kong: Jewellery News Asia (JNA), the organizer of the prestigious JNA Awards has announced the list of Honourees or finalists across 10 categories at a press conference held on the sidelines of the June Hong Kong Jewellery & Gem Fair. The JNA Awards, now in its fifth year, is a premier awards programme that recognises and celebrates excellence and
