We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
Top News
Global Platinum Deficit May Rise in 2017: WPIC
London: The global platinum deficit is predicted to weigh in at 120,000 oz in 2017, a larger shortfall than previously estimated, driven by a fall in supply, industry lobby group, the World Platinum Investment Council (WPIC), said in its Platinum Quarterly Thursday. This year will be the sixth consecutive year of deficit, with total supply from mining and recycling predicted
'Mines to Market' Conference on 19th & 20th March
Mumbai: The Gem and Jewellery Export Promotion Council of India (GJEPC) will host the International Diamond Conference on 19th & 20th of March 2017. The conference is being held with an objective of bringing together the leading Miners, Diamantaires, Retailers, Bankers and Analysts from across the globe on a platform to discuss the supply and demand issues faced by the
India's Large Cash Deals Ban Harmful: WGC
Mumbai: India’s ban on high-value cash transactions could damage rural gold demand or spur growth in the black market, the World Gold Council (WGC) warned. From April 1, the government will cap cash purchases at $4,493 (INR 300,000) as it continues its attempts to transform the nation’s economy into one based more on electronic transactions. “This will have the greatest
ALROSA Monthly Sales Rise to $390M
Moscow: ALROSA’s diamond sales increased in February from the previous month as demand held firm, the miner said on Thursday. The company’s rough sales amounted to $389.8 million, with polished sales coming in at $12.1 million. Total diamond sales for the month increased 7 percent over January to $401.9 million. “The results in February reflect stable demand in almost all
Can India Reinforce Confidence in the KP?
Mumbai (By Suresh Chotai): As India assumes the Chair of the Kimberley Process Certification Scheme (KPCS) this year, the global diamond industry sees renewed opportunity for meaningful dialogue on one of the most debated issues within the Process: the definition of so-called “blood” or “conflict” diamonds. The current Kimberley Process definition, framed in the early 2000s, restricts conflict diamonds to
GJC Submits Pre-Budget Recommendations
Mumbai: All India Gem & Jewellery Domestic Council (GJC), the apex body representing India’s domestic gems and jewellery trade, submitted its detailed pre-budget recommendations to the Hon’ble Finance Minister Smt. Nirmala Sitharaman for consideration in the Union Budget 2026–27. The representation focuses on five core pillars: 1. GST reforms to restore affordability and eliminate working capital blockage 2. Direct tax relief on
India’s G&J Exports to the US Fall by 44.42%
Mumbai: India’s gem and jewellery (G&J) exports to the United States witnessed a sharp contraction during April–December 2025, declining 44.42% year-on-year to US$ 3.86 billion, compared to US$ 6.95 billion in the corresponding period last year. In December 2025, exports to the US declined by 50.44% year-on-year, reflecting the continued impact of tariff-related pressures and subdued discretionary demand. Commenting on
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,
