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 Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
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GJTCI Organized 4th Edition of Excellence Awards
Ahmedabad: With a view to contribute to Vibrant Gujarat- 2017, the gems & Jewellery Trade Council of India (GJTCI) is gearing up with many events to display the uniqueness and unmatched craftsmanship of our Jewellery Industry. GJTCI Excellence Awards is one of them. Going by the success and benefits of previous three Excellence Awards shows, GJTCI had organized 4th Edition
ALROSA Triples Its Net Profit
Moscow: ALROSA disclosed its financial results for the third quarter and nine months of 2016 in line with the International Financial Reporting Standards (IFRS). ALROSA’s 9M 2016 revenue increased by 48% y-o-y and totalled RUB 255.6 bn. The Company’s EBITDA grew by 67% y-o-y to RUB 150.0 bn, with EBITDA margin totalling 59%. The miner’s net income and free cash
India Elected Vice Chair of KP for 2018
Dubai: The Kimberley Process (KP) Plenary held in UAE this week concluded with the announcement that it has appointed the European Union (EU) as its Chair for 2018. The EU will assume responsibility as KP Vice Chair in 2017 with Australia as Chair, and India will be the Vice Chair in 2018 when EU becomes the organisation’s Chair. Consequently, in
Gitanjali Loses SEZ Project in Maharashtra
Mumbai: The Government of Maharashtra has approved the cancellation of Gitanjali Gems’ special economic zone (SEZ) project in Maharashtra. The decision regarding this was taken by the Board of Approval (BoA), headed by Commerce Secretary Rita Teaotia, on its November 9 meeting, an official said. “The cancellation, however, is subject to the development commissioner furnishing a certificate that the developer
GJSCI Signs MoU with APSSDC
Mumbai: The Gem & Jewellery Skill Council of India (GJSCI) has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh State Skill Development Corporation (APSSDC) to implement skill training programmes. The collaboration will encompass Short-Term Training programs, upskilling modules, and Recognition of Prior Learning assessments, designed to enhance talent development in the gems and jewellery sector. Through these structured
GSI and Mindron Unveil TRUSURE APEX
Mumbai: Gemological Science International (GSI) and Mindron announced the launch of the Trusure Apex, a state-of-the-art and advanced diamond screening instrument, at a recent event. Powered by GSI, this groundbreaking tool is engineered to detect natural diamonds, lab-grown diamonds (CVD and HPHT), and non-diamond simulants such as CZ, across various jewellery types and categories, including loose, mounted, and complex polki
WDC Urges KP to Support Historic Reform
Dubai: Feriel Zerouki, President of the World Diamond Council (WDC), opened the 2025 Kimberley Process (KP) Plenary with a decisive call for participants to support a modernized definition of “conflict diamonds,” marking a pivotal moment for the international certification scheme. Ms. Zerouki highlighted three years of hard work, drafting and negotiation led by the WDC and honored the leadership of
Candere Opens Two New Stores in Mumbai
Mumbai: Candere, the lifestyle jewellery brand by Kalyan Jewellers has expanded its retail presence in Maharashtra with the launch of two new stores, one each in Andheri and Mulund. These new additions, marking Candere’s 97th and 98th store nationwide, further reinforce the brand’s commitment to offering accessible, stylish, and contemporary jewellery for today’s discerning customers. The newly launched Andheri and Mulund stores
