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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US Govt. to Finance Botswana Diamond Cutting
Gaborone: The Overseas Private Investment Corp. (OPIC), a financial institution run by the U.S. government, has signed a $125 million loan guaranty meant to help Botswana increase local diamond cutting. OPIC cosigned the guaranty with Barclays Bank of Botswana and Lazare Kaplan International (LKI). The agreement establishes a revolving framework facility in which OPIC will share the credit risk. The
Thailand Gems & Jewellery Fair Postponed
Bangkok: The Thai Gem and Jewelry Traders Association (TGJTA) said its inaugural Thailand Gems & Jewelry Fair scheduled to be held from September 7 to 11 has been postponed to 2017 due to problems with securing the necessary space at the venue in the time required. In an official statement the organization said, “We had hoped to resolve the issue
Chow Tai Fook to Expand US Business
New York: China’s largest retailer `by market value, Chow Tai Fook, has responded to economic headwinds in its home country by investigating plans to expand in the US market, according to a report on Bloomberg.com. The company plans to start the new US wholesale business, which will sell diamonds to retailers there, within a year and has set up a
Modi Urges G&J Sector to Step up to the Next Level
Mumbai: The Prime Minister Narendra Modi urged the members of gems and jewellery sector to step up to the next level and create “Make in India” Brand. Speaking at a felicitation programme organized by GJEPC, GJF and AIJAC on July 23rd at New Delhi, PM assured the sector an unstinted support towards all strategic initiatives leading towards “Make in India”
Paul De Wachter Named as CEO, HRD Antwerp
Mumbai: The Board of Directors of HRD Antwerp, a subsidiary of the Antwerp World Diamond Centre (AWDC), has appointed Paul De Wachter as its new CEO. Bringing over twenty years of experience and a proven track record in the international diamond industry, De Wachter is to take charge as CEO from January 5, 2026. As CEO, he is tasked with
Mallikarjuna Reddy Yarabolu Named as MD of Forevermark India
London: De Beers Group has named retail veteran Mallikarjuna Reddy Yarabolu as Managing Director of Forevermark India, effective January 2026. With over 20 years of experience across fashion, retail and luxury, Yarabolu is expected to drive growth and deepen Forevermark’s presence in the evolving Indian jewellery market. De Beers Group has announced the appointment of Mallikarjuna Reddy Yarabolu as Managing
Cautious Optimism to Prevail Over the Industry in 2026
Mumbai: (By Akash Talesara): As someone closely associated with the diamond and jewellery industry, I view 2025 as a year of stabilization, recalibration and disciplined execution. While the sector demonstrated resilience across key markets, certain external factors, particularly trade-related developments had a tangible impact on overall performance. Performance in 2025: The year 2025 was largely characterized by consolidation and gradual recovery.
BIS Initiative to Strengthen Consumer Confidence
Mumbai: As India rapidly emerges as one of the world’s most important jewellery consumption markets, the need for transparency and consumer confidence has never been more critical. Valued at approximately US$80–85 billion in FY24, the Indian jewellery sector is projected to grow to US$225–245 billion by FY35, underscoring the scale and momentum of domestic demand. Within this broader growth, diamond
