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
GJEPC Makes Presentation at KP Meet
Perth: At a presentation made to the ‘Special Forum on Diamond Equity’ held at the ongoing KP Intersessional Meet in Perth, GJEPC’s Diamond Panel Convener Sanjay Shah has stressed boosting consumer demand for diamonds will only be possible through developing a ‘clean and transparent’ diamond trade, adequately financed generic promotion campaigns and clear differentiation between the synthetic and natural diamond
DiamondCorp Hands Control to Administrators
London: Junior miner DiamondCorp has turned to administrators after flooding at its Lace mine in South Africa last year forced it to shut down the operation. The board looked into all options to keep DiamondCorp afloat since appointing a business-rescue practitioner in November, the company explained in a recent statement. However, management could not finalize an agreement with either bond
Lucara Diamond's Revenues Fall 50% in Q1
Vancouver: Lucara Diamond Corp. has declared first quarter revenues of $26.1 million, or $405 per carat which represents nearly a 50% drop from the $50.6 million earned at $649 per carat in Q1 2016. The company explains the results as follows: “The decrease in revenues in Q1 2017 compared to Q1 2016 was due to a lower volume of carats
ZCDC Suffers Marange Diamond Mining Setback
Harare: The Zimbabwe Consolidated Diamond Company (ZCDC) was recently barred by the High Court from looting diamond ore which belongs to Mbada Diamonds, which was booted out of Marange with other miners last year, according to local media reports. ZCDC had previous defied a similar High Court order issued in February. Mbada had 150 000 tonnes of diamond ore stockpiles
BDB Honoured with Excellence in Surveillance Award
Mumbai: Bharat Diamond Bourse (BDB), the world’s largest diamond trading hub, has been awarded the Excellence in Surveillance Award at the prestigious IFSEC India Awards 2025, in recognition of its outstanding leadership in security management and advanced surveillance practices. The IFSEC India Awards are among the most respected recognitions in the security and safety industry, celebrating organizations that demonstrate innovation,
Comprehensive Discussion on Govt. G&J Policy
Mumbai: Bharat Diamond Bourse (BDB), in association with the Gem & Jewellery Export Promotion Council (GJEPC), organized an exclusive awareness and outreach session on the Maharashtra Gems & Jewellery (G&J) Policy 2025. The event featured an engaging and insightful interaction with Mr. Deependra Singh Kushwah (IAS), Development Commissioner (Industries), Government of Maharashtra whose forward-looking perspective offered industry stakeholders a comprehensive
Piyush Goyal Inaugurates NEST 2 at SEEPZ
Mumbai: India’s Commerce and Industry Minister Mr. Piyush Goyal unveiled the NEST–02 (New Enterprises & Services Tower – Phase 2) at the Santacruz Electronics Export Processing Zone (SEEPZ) yesterday, calling for stronger partnership between industry and the government to boost efficiency, transparency, and skilling. Speaking at the event, Mr. Goyal said SEEPZ must mirror the rapid economic growth witnessed under
Mehul Choksi’s Extradition is Cleared by Belgium
Mumbai: Belgium’s top court has dismissed fugitive diamantaire Mehul Choksi’s appeal against his arrest in Antwerp, which was made on the basis of an extradition request from New Delhi, according to people familiar with the matter. The Belgian Court of Cassation — equivalent to India’s Supreme Court — heard Choksi’s plea in Brussels on Tuesday and ruled in favour of
