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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Industry Leaders’ Expectations from the Budget
Mumbai: The India Union Budget 2026-27 is expected to be presented on 1 February 2026 as India’s economy is forecast to expand by 7–7.5%, driven by resilient consumer spending, infrastructure upgrades, and ongoing policy initiatives. However India’s Gems and Jewellery sector (G&J) still needs some buster doze to bring it back on the track. We have received some feedbacks from
NDC Welcomes its New Members
Mumbai: The Board of Natural Diamond Council (NDC) is delighted to announce that Angola’s ENDIAMA E.P. and SODIAM E.P. have formally joined the organization as members, following the completion of all legal and regulatory requirements for accession. ENDIAMA E.P. – Empresa Nacional de Diamantes de Angola (National Diamond Company of Angola) is Angola’s state-owned diamond mining company, responsible for managing
SENCO Gold Receives IAGES Accreditation for its Stores in India
Kolkata: Senco Gold & Diamonds, having more than 100 stores across India, has been accredited with IAGES reinstating its commitment towards wining the trust and confidence of its consumers through its ethical, fair and transparent practices. SENCO Gold & Diamonds is one of the most recognized names in the Indian jewellery retail sector with more than 100 stores, having built
De Beers Group Launches ‘Heera Hai Aapke Liye’
Mumbai: De Beers Group, the world’s leading diamond company, marked a significant milestone in the Indian jewellery landscape with the official launch of the “Heera Hai Aapke Liye” program at IIJS Signature. The star-studded event featured actress Sonakshi Sinha, who joined Ms. Shweta Harit, Global Senior Vice President of De Beers Group and CEO of Forevermark, to unveil an initiative
Andrey Polyakov Becomes President of WDC
Antwerp: The World Diamond Council (WDC) announced that Andrey Polyakov has assumed the elected position of president, succeeding Edward Asscher whose two-year term concluded on Sunday. Polyakov has held the position of vice president of the WDC since 2015 and ALROSA vice president responsible for client policy and international cooperation since 2013. He has been involved with the Russian miner
Gemfields’ Low Quality Stones Sold @ Record Price
Jaipur: Gemfields announced a new record average price for its lower-quality gemstones sold at an auction of rough emeralds in India last week. The miner said it sold 2.78 million carats of gems extracted from its Kagem mine in Zambia for $14.3 million, implying an average price per carat of $5.15. The auction was held in the north Indian city
3rd International Rough Diamond Week Kicks Off
Ramat Gan: The 3rd International Rough Diamond Week was kicked off at a well-attended opening ceremony in the Israel Diamond Exchange (IDE) Rough Trading Hall, against a backdrop of pavilions serving major rough producers. IDE President Yoram Dvash said that he was happy to see such a large turnout of diamantaires at the event. “The rough diamond is the first
G&J Remains Top Sector for Claims in ECGC
New Delhi: Export Credit Guarantee Corporation of India (ECGC) has settled claims of Rs 1,123 crore to exporters and financing banks during FY16 in the wake of continuing global economic recession and uncertainties. Of this, the gems and jewellery sector continues to top the list, with claims worth Rs 871 crore. In FY15, ECGC had paid claims of Rs 590
