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 Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
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De Beers Sales Rise Amid Market Recovery
Gaborone: De Beers’ rough-diamond sales and production grew in the first quarter, signaling upbeat sentiment in the manufacturing sector. Sales volume jumped 74% to 14.1 million carats, reflecting improved rough demand, the company said Monday. The number of sights — contract sales events — also impacted the result, as there were three this quarter compared with two during the same
DMIA Mourns Death of Lloyd Jaffe
New York: The board and members of the Diamond Manufacturers and Importers Association of America (DMIA) issued a statement on Friday, mourning the death of Lloyd Jaffe, a former officer and longtime member of the DMIA. The statement reads as follows: “It is with great sadness that we report the passing of Lloyd Jaffe, a former officer and long-time member
Petra Diamonds Sees Steadiness in Rough Sector
Johannesburg: Petra Diamonds’ sales slipped 1% in the third fiscal quarter amid a stable rough market, the miner reported. The company’s sales declined to $119.1 million during the three months that ended March 31, it said Monday, adding that sales volume had jumped 14% to 1.1 million carats. “We continue to see stabilization, with steady demand across all size ranges,
US Jewellery Stores Closing at Slower Rate
New York: The shrinking of the US jewelry industry slowed in the first quarter, as the number of shops shutting their doors dropped by 16%, according to the Jewelers Board of Trade (JBT). The decrease in jewelry store closings around the country — 318 compared with 380 during the same period in 2016 — broke the trend of consistent decline
Inputs from GJEPC on GMS & CAD Reduction
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), in reference to the meeting held on 22nd May 2026 with key industry associations, to deliberate on measures for reducing the Current Account Deficit (CAD), particularly in the context of gold imports and domestic gold mobilization, is coordinating with its members to formulate some suggestions on Gold Monetization Scheme (GMS) and
GJEPC Joins Govt Delegation to Canada for CEPA Talks
New Delhi: Union Commerce & Industry Minister Mr. Piyush Goyal is leading a high-level Indian delegation to Canada from 25-27 May to advance discussions on the proposed India-Canada Comprehensive Economic Partnership Agreement (CEPA) and strengthen bilateral trade and investment ties. Mr. Anoop Mehta, Convener – Diamond Panel, GJEPC, is representing the Council as part of the Indian delegation accompanying the
India Design Gallery at JCK Las Vegas 2026
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) presents the India Design Gallery at the 2026 JCK Las Vegas trade show. This exclusive gallery, located at Level 1 Lobby, will highlight some of the most exquisitely crafted jewellery pieces from India. Held from 29thMay to 1st June 2026, at the Venetian Expo | Indian Pavilion at Level 1 and
Gemfields’ Higher-Quality Emerald Auction Fetches $26.8 Million
London: Gemfields recently announced revenues of $26.8 million from its latest higher-quality rough emerald auction, with strong demand continuing for top-tier stones despite broader market caution driven by geopolitical tensions and macroeconomic uncertainty. The auction, held from 4 to 21 May 2026, saw 36 of 37 lots sold, representing a 97% sell-through rate. Of the 185,135 carats offered, 183,385 carats
