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,
US & Japan to Invest $550 bln. on Synthetics
New York: The governments of the United States and Japan are reportedly considering directing a portion of a proposed $550 billion investment package toward establishing synthetic diamond production in the U.S., as part of a broader effort to strengthen critical technology supply chains. At the heart of the initiative is a planned synthetic diamond manufacturing facility in the United States,
The Tariff is Illegal: US Supreme Court
Washington: US trading partners, including India, that have reached tariff deals with Donald Trump’s administration before the Supreme Court verdict, will now face a 10 per cent duty, despite higher levels they may have agreed on previously, the White House has said. The certification came after the US Supreme Court struck down Trump’s sweeping and often arbitrary duties, delivering a
PNG Jewellers Receives IAGES Accreditation
Mumbai: India’s gold industry is set to achieve the highest standards of ethical and responsible business practises followed, as more gold entities receive their Indian Association for Gold Excellence and Standards (IAGES) accreditation. Joining the fast-growing pan India network of verified gold retailers is the leading legacy brand PNG Jewellers (PN Gadgil Jewellers Ltd) that has received its IAGES accreditation.
De Beers Unveiled “Voyage Through the Diamond Realm”
New Delhi: De Beers unveiled “Voyage Through the Diamond Realm,” at India Art Fair 2026. The immersive installation invites audiences to explore the mythical origins of diamonds. Through visual storytelling, scenography and soundscapes, the installation reveals the living heritage of diamonds, their cosmic and earthly journeys across time. Positioned at the intersection of art, nature and human expression, the experience
