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
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KSS Opens ‘Cherishgold’ & ‘BJewelz’ Store in Mum
Mumbai: KSS Limited, a brand synonymous with quality and consumer satisfaction, opened its first co-branded Cherishgold and BJewelz store in Mumbai yesterday. The store at Goregaon is the first-of-its-kind retail and online co-branded store by KSS Limited in India. Birla Jewels Ltd, a wholly owned subsidiary of KSS Limited that is listed on BSE and NSE is all set to
India’s G&J Exports Expected to Increase 15%
Mumbai: Despite demonetisation in India, the Gem and Jewellery Export Promotion Council (GJEPC), apex body of diamond industry, is expecting that the polished diamond exports will increase by 10-15 per cent to the United States under the presidency of Donald Trump. Praveen Shanker Pandya, chairman of GJEPC said, “It is believed that with the policy drafted by the US President-elect
Diavik Mine to Increase Output by 14%
Toronto: Dominion Diamond Corporation forecast production at the Diavik mine in Canada will increase by up to 14 percent this year after output rose in 2016. The miner projected rough-diamond recovery of 7.1 million to 7.6 million carats in 2017, with all mining taking place underground. Production increased 4 percent to 6.7 million carats in 2016, but was below the
Diamond Prices to be Flat this Year: ALROSA
Moscow: Alrosa’s CEO Andrey Zharkov believes that diamond prices will be flat this year, according to an Interfax news agency report. Alrosa is basing its budget plan on an assumption that diamond prices will be unchanged, while output will increase by 5 percent on 2016. He said the mining giant may also repay part of its debt ahead of schedule
India-Oman CEPA Comes Into Force
Muscat: The India-Oman Comprehensive Economic Partnership Agreement (CEPA) has come into force on 1 June 2026, ushering in a new phase in bilateral trade relations and creating fresh export opportunities across sectors including gems and jewellery, engineering goods, textiles, agriculture, pharmaceuticals and services. Signed on 18 December 2025 following negotiations launched in November 2023, the agreement grants India duty-free market
More Indian Women are Choosing Natural Diamonds
Mumbai: The domestic natural diamond jewellery market continues to witness strong growth momentum, with the country emerging as the world’s second-largest diamond jewellery market. India contributes 12% of global diamond jewellery demand, up from 10% in 2019, surpassing both China and Japan. According to a recent study, ownership of natural diamond jewellery among Indian women has increased from 11% in
GIA Acquires 30% Shareholding in TRACR
New York: De Beers Group and GIA (Gemological Institute of America) yesterday announced the signing of a definitive agreement for GIA to acquire a 30 per cent shareholding in Tracr, the De Beers Group-backed company behind the development of the pioneering diamond provenance blockchain-driven platform. The agreement marks a significant milestone in Tracr’s evolution towards independence and reflects GIA’s confidence
De Beers Introduces Desert Diamonds Icons
Las Vegas: At the annual JCK Las Vegas Show – the largest jewellery event in the global calendar – De Beers Group yesterday set out its view on the way forward for the natural diamond sector, calling on the trade to work together to capitalize on the early success of the Desert diamonds ‘beacon’ campaign with the introduction of Desert diamonds Icons. The Desert
