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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Saudi’s Biggest Gold Mine Opens in Mecca
Mecca: The biggest gold mine in Saudi Arabia is set to be launched in Mecca. The governor of Mecca, Prince Khalid Al-Faisal will launch the Al-Duwaihi Gold Mine and Factory and other mining infrastructure projects in the region on Monday, local daily Arab News reported. Al-Duwaihi, the biggest gold mine in the kingdom, is owned and operated by the Saudi
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,
GJEPC Meets Maharashtra CM to Discuss Key Ind. Priorities
Mumbai: Mr. Kirit Bhansali, Chairman of Gem & Jewellery Export Promotion Council (GJEPC) and Mr. Anoop Mehta, Convener, Diamond Panel & President, Bharat Diamond Bourse (BDB), yesterday met Hon’ble Chief Minister of Maharashtra Mr. Devendra Fadnavis to discuss key priorities concerning the growth and development of the gem and jewellery sector in the state. The discussions focused on strategic initiatives
India is Committed to Strengthening Credibility in Diamond Sector
Mumbai: The Kimberley Process (KP) Intersessional Meeting 2026 concluded in Mumbai under India’s Chairship, bringing together representatives from KP Participants, Observers, industry stakeholders and civil society organizations for four days of deliberations on the future of the natural diamond sector. Welcoming the conclusion of the Intersessional, Union Minister of Commerce and Industry Mr. Piyush Goyal said India, as the world’s
Kirit Bhansali Appointed as Nominee Director on IAGES Board
Mumbai: Mr. Kirit A. Bhansali has been appointed as the Nominee Director on the Indian Association for Gold Excellence and Standards (IAGES) Board, effective from11th May 2026. Mr. Bhansali, Chairman of India’s Gem & Jewellery Export Promotion Council (GJPEC) is a well-known personality in the Indian diamond and jewellery industry. He is a partner in Smital Gems, a leading diamond
NDC Welcomes Rulings from ASA
London: Natural Diamond Council has welcomed two rulings from the UK’s advertising watchdog backing its efforts to protect consumers from misleading adverts of synthetic diamonds. The not-for-profit organisation, which exists to promote and protect the integrity of the global natural diamond industry, complained to the Advertising Standards Authority (ASA) about adverts by two retailers that failed to mention their products
