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
Commerce Secretary Visits GJEPC Ofiice
Mr. Rajesh Agrawal, Commerce Secretary, Department of Commerce, India, visited GJEPC headquarters in Mumbai on 26 December and held a detailed interaction with GJEPC’s Committee of Administration, including Mr. Kirit Bhansali, Chairman, Mr. Shaunak Parikh, Vice Chairman, Mr. Anoop Mehta, Convener – Diamond Panel, Mr. Russell Mehta, Co-Convener – Diamond Panel, Mr. K.S. Srinivasan, Convener – Gold Panel, Mr. Ashish
GJEPC Welcomes India’s Role as KP Chair
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC), the nodal agency for the Kimberley Process (KP) in India, welcomes India’s election as Chair of the Kimberley Process Certification Scheme (KPCS) for 2026. The Kimberley Process Certification Scheme, a UN-mandated initiative, is the only global mechanism governing international trade in rough diamonds, aimed at preventing conflict diamonds from entering legitimate
India New Zealand FTA to Benefit G&J Industry
Mumbai: India and New Zealand recently concluded a Free Trade Agreement (FTA) that offers significant duty-free access for Indian exports, but Gems & Jewellery (G&J) are listed among the sensitive sectors excluded from immediate zero-duty benefits under the FTA, with India protecting these products, alongside dairy, sugar, and metals, from immediate tariff cuts, though the overall deal aims to boost labour-intensive exports like textiles,
India’s G&J Exports Recover During April-Nov 2025
Mumbai: India’s gem and jewellery (G&J) exports showed clear signs of stabilization and recovery during April-November 2025, supported by improving global demand conditions and strong performance across diversified international markets. Total exports for the period rose marginally by 0.07% year-on-year to $18.87 billion, compared to $18.85 billion in the corresponding period last year, underscoring the sector’s resilience amid a challenging
Fusion of Online and Offline Will Drive Business
Mumbai: A panel of speakers from different markets across the world who participated in a Webinar organised by The Gem & Jewellery Export Promotion Council (GJEPC) to discuss the “International market scenario & way forward post lockdown” said that the future would see a greater fusion of online and offline sales on both B2B and B2C platforms. The panel comprised
De Beers Revises Production Guidance for 2020
Gaborone: Providing its quarterly production update for Q1 2020, De Beers said that total production for the period at 7,750,000 carats was virtually flat – only lower by 1% – over the Q1 2019 total production of 7,852,000 carats. “Rough diamond production was in line with prior year at 7.8 million carats, with limited impact from COVID-19 measures introduced at
WGC Publishes India Retail Investor Insights Report
Mumbai: The World Gold Council’s (WGC) latest India Retail Investor Insights report revealed that 29% of retail investors have never bought gold in the past but are open to the idea of buying gold in the future. 52% of investors already owned some form of gold, with 48% having invested in the 12 months preceding the survey. Gold jewellery and gold coins remained
India Calls for Ban on Rough Imports for one Month
Mumbai: In a letter signed by Gem and Jewellery Export Promotion Council (GJEPC) Chairman Mr. Pramod Agrawal, President of the Bharat Diamond Bourse (BDB) Mr. Anoop Mehta and Mr. Marendra V Gandhi, President of the Mumbai Diamond Merchants Association (MDMA), the industry organizations are calling on their members to implement a cessation of rough diamond imports for the duration of
