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
Top News
Divine Solitaires Seeks $10 mln Fund for Expansion
Mumbai: Divine Solitaires, India’s loose solitaire brand that is exclusively focused on natural diamond solitaire jewellery, has opened its first round of seed funding seeking an investment of $10 million. The Mumbai-based company is gearing up to aggressively scale its business to become a $250–300 million enterprise over the next 3-4 years. Launched in 2006 by brothers Jignesh Mehta and Shailen Mehta,
IIJS Bharat Signature Closes with Rs. 75,000 Cr. Orders
Mumbai: The 18th edition of IIJS Bharat – Signature 2026, organized by GJEPC, concluded in Mumbai, marking a strong start to the global gems and jewellery trade calendar for 2026. As the first major B2B trade show of the year, the event set a bullish tone for the industry, with an estimated ₹75,000 crore in business expected to be realised
BIS Reserves “Diamond” for Natural Diamonds
Mumbai: The Indian gem and jewellery industry has long faced challenges arising from the use of multiple, inconsistent, and often ambiguous terms to describe diamonds and their alternatives—particularly in digital and e-commerce environments. This lack of formal guidance has contributed to consumer confusion and inconsistent disclosure practices across the market. The Natural Diamond Council (NDC) welcomes the adoption of IS
‘Quantum Couture’ is the Theme for Artisan Awards 2026
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has officially announced the theme for the prestigious Artisan Jewellery Design Awards 2026, “Quantum Couture – Re-Engineering Beauty and Cultural Codes.” Launched as a call to push boundaries, the 2026 edition invites designers to move beyond convention and create wearable art for a radically evolving world—where jewellery design, legacy and technology
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
