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
Cautious Optimism to Prevail Over the Industry in 2026
Mumbai: (By Akash Talesara): As someone closely associated with the diamond and jewellery industry, I view 2025 as a year of stabilization, recalibration and disciplined execution. While the sector demonstrated resilience across key markets, certain external factors, particularly trade-related developments had a tangible impact on overall performance. Performance in 2025: The year 2025 was largely characterized by consolidation and gradual recovery.
BIS Initiative to Strengthen Consumer Confidence
Mumbai: As India rapidly emerges as one of the world’s most important jewellery consumption markets, the need for transparency and consumer confidence has never been more critical. Valued at approximately US$80–85 billion in FY24, the Indian jewellery sector is projected to grow to US$225–245 billion by FY35, underscoring the scale and momentum of domestic demand. Within this broader growth, diamond
Overall Outlook Remains Positive for Gold & Silver in 2026
Mumbai: The All India Gem & Jewellery Domestic Council (GJC) has issued its annual review of the bullion market, highlighting the extraordinary rally in gold and silver during 2025, which has pushed both metals to record or near-record highs by December and the factors driving this surge. The sharp rally in gold and silver witnessed this year is the result
Sara Tendulkar Appointed as Brand Ambassador of Litestyle by PNG
Pune: Litestyle by PNG, the contemporary lightweight fine jewellery brand from PNG Jewellers, has announced Sara Tendulkar as its brand ambassador, marking a key step in strengthening the brand’s connection with India’s future jewellery consumers. The association reinforces Litestyle’s role as a strategic bridge between PNG Jewellers’ legacy customers and its future customers. While PNG has been a trusted name
ALROSA to Set Up Think Tank to Analyze Market
Moscow: ALROSA president Andrey Zharkov said that the Russian diamond giant will create an analytical center tasked with targeting diamond prices and monitoring market development environment, reports Rough-Polished. The decision to set up such a center is a result of the situation in 2015, when a wrong forecast that market stakeholders made with regard to jewelry demand in China had
One More PIL to Get Back Kohinoor Diamond
New Delhi: The Supreme Court of India on Thursday agreed to hear another PIL seeking a directive to the Centre to try and bring back the Kohinoor diamond from the United Kingdom, reports tribuneindia. A Bench headed by Chief Justice TS Thakur said it would hear the fresh plea by Heritage Bengal and another organization along with a pending petition
‘Lesedi la Rona’ Fails to Attract Buyers
London: The 1,109-carat ‘Lesedi la Rona’ is the second-largest gem-quality rough diamond ever found, but bidding didn’t reach the Sotheby’s reserve price, reports theguardian. Turns out the largest diamond discovered in over a century may not be worth that much after all. The tennis ball-sized “Lesedi la Rona” failed to find a buyer on Tuesday, a disappointing result for a
KP Chair Visits Angola and South Africa
Luanda: Kimberley Process (KP) chairman Ahmed Bin Sulayem has continued his tour of Africa, having recently visited two founding KP countries – Angola and South Africa. Bin Sulayem met with Angolan President José Eduardo dos Santos as well as South African mineral resources minister Mosebenzi Joseph Zwane, in which they discussed the progress that diamond producing nations are making with
