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
ALROSA Israel Sale Fetches $22M
Ramat Gan: ALROSA, the world’s largest diamond producer by volume, reported the results of the international diamond auction, which took place in the Sixth International Diamond Week in Israel (IDWI), offering for sale special-size natural rough diamonds (10.8-ct+), as well as polished goods. According to a press release, the company sold 105 lots of rough and polished diamonds worth $21.8
Rockwell Diamonds Finalizes Sale of Mines
Johannesburg: As announced in December 2016, junior miner Rockwell Diamonds signed an agreement to sell “none-core assets” – the Remhoogte and Saxendrift mines – to Nelesco Proprietary 318 for US$3.48 million (ZAR45m); it has now been completed. The sale and purchase agreement also releases Rockwell from environmental and tax liabilities (rehabilitation liabilities) totalling US$5.40 million (R70m) as well as the
IIDGR Gives Next-Gen Melee Screening Instrument
London: The International Institute of Diamond Grading & Research (IIDGR), part of The De Beers Group of Companies, yesterday unveiled its next generation automated melee screening instrument. The AMS2 will provide diamantaires with a more efficient and cost-effective diamond verification technology solution for melee-sized diamonds. Around 10-times faster than its predecessor and with a substantially reduced referral rate, the AMS2
De Beers’ Second Cycle Worth $545 Mln.
Gaborone: De Beers sold rough diamonds with a value of $545 million in the second sales cycle (Global Sightholder Sales and Auction Sales) of 2017, indicating ongoing strong demand as the industry restocks. The figure compares with $617 million in the year-earlier sale, and $729 million in the first sale of 2017 held last month. Bruce Cleaver, CEO, De Beers
GJEPC Joins Govt Delegation to Canada for CEPA Talks
New Delhi: Union Commerce & Industry Minister Mr. Piyush Goyal is leading a high-level Indian delegation to Canada from 25-27 May to advance discussions on the proposed India-Canada Comprehensive Economic Partnership Agreement (CEPA) and strengthen bilateral trade and investment ties. Mr. Anoop Mehta, Convener – Diamond Panel, GJEPC, is representing the Council as part of the Indian delegation accompanying the
India Design Gallery at JCK Las Vegas 2026
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) presents the India Design Gallery at the 2026 JCK Las Vegas trade show. This exclusive gallery, located at Level 1 Lobby, will highlight some of the most exquisitely crafted jewellery pieces from India. Held from 29thMay to 1st June 2026, at the Venetian Expo | Indian Pavilion at Level 1 and
Gemfields’ Higher-Quality Emerald Auction Fetches $26.8 Million
London: Gemfields recently announced revenues of $26.8 million from its latest higher-quality rough emerald auction, with strong demand continuing for top-tier stones despite broader market caution driven by geopolitical tensions and macroeconomic uncertainty. The auction, held from 4 to 21 May 2026, saw 36 of 37 lots sold, representing a 97% sell-through rate. Of the 185,135 carats offered, 183,385 carats
D. P. Abhushan Q4 2026 PAT Jumps 101% YoY
Bhopal: DP Abhushan Limited (NSE: DPABHUSHAN, BSE: 544161), a company marking golden legacy of 86 years into Jewellery Industry known for its highest purity & designs standards, transparency & wide range of products portfolio at 12 different geographics in India, announced its financial results for the fourth quarter and full year ended 31st March 2026. The company reported a strong performance with Q4FY26
