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
Massive Diamond Boosts Lucara’s 2016 Sales
Toronto: Lucara Diamond Corp. expects revenue to hit $295 million in 2016, implying a 32 percent surge from a year ago, following the sale of the most expensive rough diamond in history. The Canada-based miner sold the 813-carat Constellation diamond for a record $63.1 million, or $77,649 per carat, to Dubai-based Nemesis International in May. Full-year revenue including that stone
BIS Narrows Hallmarking Norms for Gold Jewellery
Mumbai: The Bureau of Indian Standards (BIS) under the Ministry of Consumer Affairs (MCA) has made hallmarking of gold ornaments mandatory for three categories beginning the New Year, reports Business Standard. Effective January 1, jewellers will need to hallmark the 22, 18 and 14 carat jewellery they sell to consumers. At present, gold ornaments with all purity levels between 9
HRD to Implement More Flexible Pricing Structure
Antwerp: To fully accommodate the true needs of our customers in what can be a highly versatile and fluctuating market, HRD Antwerp has decided to optimize our pricing to provide a more flexible and transparent service. The most important change to the new pricing structure is that you will be able to configure most diamond examinations exactly to your liking.
India’s Cash Crunch Has Not Affected Alrosa Sales
Moscow: ALROSA’s diamond sales jumped 63 percent from a year ago, to $255.2 million in November, a signal that the liquidity crisis in India has failed to derail a recovery in the rough market this year. Rough sales stood at $245.6 million and revenue from polished came in at $9.6 million, the Russia-based miner reported. ALROSA’s results are in line
De Beers Brings Diamonds & Glamour to London
Mumbai: Insiders suggest a star-studded journey to London might be on the cards. But why London? Beyond its glittering reputation as a global hub for jewellery and fashion, whispers point to something far more dazzling — De Beers is set to host a major showcase in the city. This year, De Beers Group makes its grand debut at Frieze London,
India’s G&J Exports Grow 3.66% in 1H of ’25-26
Mumbai: India’s gem and jewellery (G&J) exports record a steady recovery in the first half of FY2025–26, witnessing a growth of 3.66% to US$ 14.09 billion between April and September 2025 compared to US$ 13.60 billion in the same period last year. This growth comes despite global headwinds, reflecting the resilience and adaptability of India’s jewellery exporters as festive and
IIBX & GJEPC Facilitate First-Ever Duty-Free Gold Import
Mumbai: The India International Bullion Exchange (IIBX), in collaboration with the Gem & Jewellery Export Promotion Council (GJEPC), has achieved a major milestone by facilitating the country’s first-ever duty-free import of gold under the Directorate General of Foreign Trade’s (DGFT) Advance Authorisation Scheme. This breakthrough marks a new chapter in India’s bullion market, aligning with the government’s vision to streamline
Kirit Bhansali Attends India-UK CEOs Forum
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) Chairman Mr. Kirit Bhansali was privileged to represent the gem and jewellery sector as part of the distinguished delegation accompanying Hon’ble Prime Minister Mr. Narendra Modi during his discussions with UK Prime Minister Sir Keir Starmer at the India-UK CEOs Forum . This high-level trade mission underscores the strong commitment of
