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Did Natural Diamond Ind. Misjudge LGD Threat?
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?
Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a
Top News
Gem & Jewellery Ind. Pays Tribute to URI Martyrs
GJNRF Hands over Relief Cheques to families in the presence of Hon. Chief Minister of Maharashtra, Mr. Devendra Fadnavis Mumbai: Hon’ble Maharashtra Chief Minister Mr. Devendra Fadnavis presided over a first-of-its-kind event at the iconic Bharat Diamond Bourse (BDB) in Mumbai wherein Gem & Jewellery National Relief Foundation (GJNRF) presented relief cheques to the families of Uri martyrs. The event
Exemption Sought for GJI Exports & Minimal GST
Mumbai: Gem & Jewellery Export Promotion Council (GJEPC), in a representation filed on behalf of the entire gem & jewellery industry, has reiterated that the industry is completely supportive of India’s move towards Goods & Services Tax (GST), and is looking forward to migrating to a GST regime but has sought exemption for GJI export transactions and preferred minimal GST rates
DiamondCorp Up for Sale or Merger
London: DiamondCorp opened itself to a merger or takeover after saying the London-based company urgently needs about $615,623 (GBP 500,000) to address immediate funding requirements. The board said the company should conduct a strategic review while continuing discussions to secure funding. DiamondCorp’s options include a “merger with or offer for the group by a third party or a sale of
$174.6 Million Jade Stone Discovered in Myanmar
Naypyidaw: Miners in Myanmar have uncovered a jade stone that is estimated to be worth $174.6 million. The stone, which measures 18 feet by 18 feet by 9 feet and is estimated to weigh 175 tons, was uncovered at a mining site operated by the Yadanar Taungtan Co. and the Ministry of Mining. ”We thought we had won the lottery,”
India’s G&J Exports Grow 3.66% in 1H of ’25-26
Mumbai: India’s gem and jewellery (G&J) exports record a steady recovery in the first half of FY2025–26, witnessing a growth of 3.66% to US$ 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
Feriel Zerouki to Leave De Beers Group
London: De Beers Group today announced that Feriel Zerouki, Chief Trade and Industry Officer and member of the Executive Committee, has decided to leave the company at the end of October 2025. Feriel joined De Beers in 2005 and has played a central role in shaping the company’s leadership in ethics, provenance and industry integrity. She led the launch of
