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
Wesley Tucker to step down as CEO of Tracr
De Beers Group has announced that Wesley Tucker will step down from his role as Chief Executive Officer of Tracr and leave the business at the end of February 2026. Wesley joined De Beers Group in April 2021 as Head of Digital Transformation before taking on the role of CEO of Tracr, the blockchain technology platform and diamond traceability business
GJC Requests Formation of Gujarat State Level Vigilance Committee
Ahmedabad: The All India Gem and Jewellery Domestic Council (GJC) yesterday informed that it had formally requested the Government of Gujarat to establish a State Level Vigilance Committee dedicated to protecting the interests of jewellers across the state. A high-level delegation from GJC, led by Chairman Mr. Rajesh Rokde, Vice Chairman Mr. Avinash Gupta, Director Mr. Salim Daginawala, ZCM Mr. Avi Shah,
Before You Buy Gold, Follow the Golden Rule
Mumbai: The Indian Association for Gold Excellence and Standards (IAGES), a Self-Regulatory Organization established by and for the Indian gold industry, has unveiled an exciting new campaign #PehlaCheckIAGES to elevate gold industry standards across the country. The IAGES framework of accreditation was formed with a vision to set the highest standards of integrity and excellence across the entire gold value
De Beers & GJEPC Leaders Discuss Market Challenges
Mumbai: Mr. Paul Rowley, Executive Vice President, Diamond Trading, De Beers Group, met the GJEPC leadership at the Bharat Diamond Bourse in Mumbai on 28 November. Rowley was joined by Sean Lin, VP Sales, De Beers Group, and Sunil Dias, Diamond Consultant, De Beers. The De Beers officials were received by GJEPC’s leadership including Kirit Bhansali, Chairman; Shaunak Parikh, Vice
Rajesh Exports Achieves Strong Results
Mumbai: Rajesh Exports reported strong fourth quarter [ended March] and full year FY2016 financial results where both revenues and earnings easily outpaced our estimates, according to a communication issued by ‘Evaluate Research’. On a quarterly basis, revenue and EPS surpassed our estimates by 2% and 24%, respectively. Moreover, the company’s annual figure also exceeded our revenue and EPS projection by
Pure Value Guarantee Program by PGD
Las Vegas: Pure Grown Diamonds (PGD), the leading distributor of Lab-Grown Diamonds announced the Pure Value Guarantee Program for all its customers. The program is aimed at assuring our retailers that they can buy Pure Grown Diamonds with confidence, and offer the same value proposition that they would with a mined Diamond to all their customers. You can sell a
De Beers Auction Starts US Viewings
New York: De Beers recently announced that its Auction Sales business will conduct viewings of Exceptional and Special Stones at the International Institute of Diamond Valuation (IIDV) offices in New York, ahead of its Cycle 6 auctions. This will be the first time that De Beers’ Auction Sales business conducts viewings in the US, the group said. The viewings will
India Withdraws 1% TCS on Jewellery Purchase
New Delhi: The Indian Government on Tuesday rolled back its decision to apply 1% tax collected at source (TCS) on cash purchase of gold jewellery of Rs 2 lakh and above and raised the limit to Rs 5 lakh with effect from 1 June 2016, media report said. Reacting to the news, jwellery stocks such as PC Jwellers, TBZ and
