We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Despite Global Losses & Firmer Rupee, Indian Gold & Silver Held Their Floors
Macro Snapshot: The selling that pushed both metals lower in the week ending 25 September came from the American bond market rather than from any bullion-specific news. S&P Global’s flash survey on 23 September put its composite output index at 58.4, the strongest reading since July 2021, with services at 58.7 and manufacturing at 56.7. On the same morning, Federal Reserve Governor Michael Barr said further policy adjustments were likely to be needed to return inflation to target. A poorly
Despite Global Losses & Firmer Rupee, Indian Gold & Silver Held Their Floors
Macro Snapshot: The selling that pushed both metals lower in the week ending 25 September came from the American bond market rather than from any bullion-specific news. S&P Global’s flash survey on 23 September put its composite output index at 58.4, the strongest reading since July 2021, with services at 58.7 and manufacturing at 56.7. On the same morning, Federal Reserve Governor Michael Barr said further policy adjustments were likely to be needed to return inflation to target. A poorly
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GJEPC Welcomes India’s Role as KP Chair
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC), the nodal agency for the Kimberley Process (KP) in India, welcomes India’s election as Chair of the Kimberley Process Certification Scheme (KPCS) for 2026. The Kimberley Process Certification Scheme, a UN-mandated initiative, is the only global mechanism governing international trade in rough diamonds, aimed at preventing conflict diamonds from entering legitimate
India New Zealand FTA to Benefit G&J Industry
Mumbai: India and New Zealand recently concluded a Free Trade Agreement (FTA) that offers significant duty-free access for Indian exports, but Gems & Jewellery (G&J) are listed among the sensitive sectors excluded from immediate zero-duty benefits under the FTA, with India protecting these products, alongside dairy, sugar, and metals, from immediate tariff cuts, though the overall deal aims to boost labour-intensive exports like textiles,
India’s G&J Exports Recover During April-Nov 2025
Mumbai: India’s gem and jewellery (G&J) exports showed clear signs of stabilization and recovery during April-November 2025, supported by improving global demand conditions and strong performance across diversified international markets. Total exports for the period rose marginally by 0.07% year-on-year to $18.87 billion, compared to $18.85 billion in the corresponding period last year, underscoring the sector’s resilience amid a challenging
How Many Years will the Diamonds Reserves Last?
Mumbai: Global economically viable diamond reserves are estimated at about 1.8 billion carats. At the current annual production level of roughly 90 million carats, these reserves are expected to sustain the market for around 20 years. The estimate was shared by Sergey Takhiev, Head of Corporate Finance and Investor Relations at Alrosa. More than half of the world’s diamond reserves
Will Russia be Affected by Possible Sanctions?
Moscow: Possible Western sanctions targeting Russia’s diamond export won’t significantly harm the national economy, says Gokhran head Andrey Yurin. “We are one of the main producers, if we withdraw from Western market the first ones to be damaged are their local companies – they will be out of job,” said Yurin to Rossiyskaya Gazeta. “Besides, we should remember that diamonds
India’s Jewellery Exports Up 36% in September
Mumbai: September was a good month for Indian exporters with significant increases in the exports of cut & polished diamonds and gold jewellery (plain & studded), the two largest segments in the g & j sector. Exports of cut & polished diamonds from the country during the month were up 11.19% year on year to US$ 2,663.66 mn from US$
Petra Sells 232-Ct. Rough Diamond for $15M
London: Petra Diamonds Ltd. sold an exceptional 232.08-carat white diamond that was recovered from the Cullinan mine in South Africa in September to Diacore for $15,219,219 or $65,577 per carat. Johan Dippenaar, the CEO of Petra Diamonds, said, “We are delighted to have achieved the sales result for this exceptional white stone, which is an outstanding example of the very
IDE to Hold Raffle Promote Israel Diamond Week
Ramat Gan: Diamond buyers arriving at the Diamond Dealers Club of New York (DDC) for the Israel Diamond Week in New York can take part in a special raffle and a chance to win a free flight and guaranteed, free hotel accommodation for the next edition of the Israel Diamond Week that will take place February 8-12, 2015, at the
