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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Diamond Tycoon Beny Steinmetz Under Arrest
Ramat Gan: Billionaire Israeli diamond tycoon Beny Steinmetz has been placed under house arrest by an Israeli court, as police continue to look into his alleged involvement in an international money laundering and bribery case involving Guinea, according to Israeli media reports. Israeli police suspect Steinmetz of paying off officials in the west African country. He is alleged to have
GJSCI's RPL Goldsmith Prog. Gets Good Response
Kolkata: Gem & Jewellery Skill Council of India (GJSCI)’s Recognition of Prior Learning (RPL) program for goldsmiths launched at Kolkata last month at EduJobs Academy received an overwhelming response from the Goldsmiths, where the first batch of 125 Artisans finished the RPL assessment. The certificate dissemination ceremony was held at EduJobs Academy where Guest of Honour Mr. Rajiv Pratap Rudy,
IDE Reaches New Agreement with Tax Authority
Ramat Gan: After months of intensive negotiations the Israeli Diamond Industry has finalized the terms of an agreement with the Israeli Tax Authority. Today the boards of directors of the Israel Diamond Exchange (IDE) and the Israel Diamond Manufacturers Association (IsDA) unanimously ratified the agreement. A special assembly of IDE members today also endorsed the new arrangement. The new tax
‘Cameroon Not Dealing in Conflict Diamonds’
Yaoundé: Cameroon has dismissed reports that it is trading in “conflict diamonds” from the troubled Central African Republic (CAR). Partnership Africa Canada recently claimed in a report that proceeds from the illicit diamond trade was being used to partially finance an almost three-year conflict. “Cameroon is not a transit point for Central African rebel diamonds. And if you want to
Congolese Diamonds Tender Gets 40% Higher Sales
Antwerp: From 16 to 20 February, the Congolese diamond company SACIM SARL organised a particularly successful diamond tender in Antwerp. More than 288,000 carats of rough Congolese diamonds were sold at prices that were on average over 40% higher than those achieved in other, competing diamond trading centres. The result once again underlines Antwerp’s unique position as an international hub for rough diamond trading
GJEPC Hosted IIJS Bharat Retailer Connect Session
New Delhi: India’s Gem & Jewellery Export Promotion Council (GJEPC) successfully hosted the IIJS Bharat Retailer Connect session at the PHD Chamber of Commerce, Delhi, on 19th Feb 2026, in association with the Maliwara Jewellers Association, Delhi Jewellers Association, Greater Kailash Jewellers Association and East Delhi Jewellers Association. Mr. Antarpal Singh Sawhney, Regional Chairman–North, inaugurated the seminar, which saw participation
US & Japan to Invest $550 bln. on Synthetics
New York: The governments of the United States and Japan are reportedly considering directing a portion of a proposed $550 billion investment package toward establishing synthetic diamond production in the U.S., as part of a broader effort to strengthen critical technology supply chains. At the heart of the initiative is a planned synthetic diamond manufacturing facility in the United States,
The Tariff is Illegal: US Supreme Court
Washington: US trading partners, including India, that have reached tariff deals with Donald Trump’s administration before the Supreme Court verdict, will now face a 10 per cent duty, despite higher levels they may have agreed on previously, the White House has said. The certification came after the US Supreme Court struck down Trump’s sweeping and often arbitrary duties, delivering a
