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
Indian Gold Demand to Revive in 2017
Mumbai: The World Gold Council (WGC) has said in its latest Market Update that it expects Indian gold demand to recover from the lows of 2016 and reach levels of between 650-750 tonnes in 2017, before climbing further to about 850-950 t by 2020. The industry body stated that the gold market was one of the sectors of the Indian
GIA Finds Significant Undisclosed Synthetics
Mumbai: The Gemological Institute of America (GIA) recently uncovered an unusually large number of undisclosed synthetic diamonds mixed in with natural melee diamonds, the lab confirmed with Rapaport News on Monday. A parcel of 323 melee diamonds with an average size of 0.014 to 0.015 carats was found to contain 101 chemical vapor deposition (CVD) synthetic stones at the GIA’s
Lucara Exploration Sample Yields 4.56ct. Diamond
Gaborone: Lucara Diamond Corporation has recovered rough diamonds weighing more than 1 carat apiece – including one weighing 4.56 carats – from an ore sample that came from its BK02 exploration project in Botswana. That largest stone was a white-grey octahedron, the miner said on Monday. In total, the company recovered 22 diamonds of more than a carat each, including
AGS Announces '17 Circle of Distinction Honorees
New York: The American Gem Society (AGS) will honor three leaders in the jewelry industry at its annual Circle of Distinction dinner on July 25 in New York City. Dr. James Shigley, a distinguished research fellow at the Gemological Institute of America (GIA) in Carlsbad, CA, will receive the prestigious Lifetime Achievement Award for his significant contributions to the industry
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,
