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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CIBJO Specifies Jewellery’s Role in Economy
Milan: While jewellery is a luxury product and non-essential to those who purchase it, the jewellery and gemstone sectors are industries that are essential to the economic and social development of economies and communities around the world, said CIBJO President Gaetano Cavalieri, speaking yesterday at the 15th Rendez-Vous Gemmologiques de Paris in the French capital. The gathering, which was hosted
ALROSA Starts Work on New Zarya Mine
Moscow: ALROSA has started developing the Zarya pipe, a new deposit in its Aikhal Mining and Processing Division, forking out an estimated initial investment of $149 million (RUB 9.8 billion). The mine is expected to reach a targeted capacity of 1 million tons of ore per year by 2021 and have a lifespan of 13 years, ALROSA said. “The construction
Standard Chartered Opts out of Diamond Sector
London: London-based bank Standard Chartered, one of the largest lenders to the diamond industry midstream has announced that it will shut its diamond and jewelry business, according to a report published in The Times of India. It was reported in March that the bank, which has lent around $2 billion to the industry, had asked its diamond-processing clients, particularly in
RJC Elects Wilfried Hoerner as Chairman
Las Vegas: The Responsible Jewellery Council (RJC) voted in Wilfried Hoerner of Swiss precious metals company Argor-Heraeus as chairman at its annual general meeting (AGM) in Las Vegas earlier this month. Hoerner replaces Charles Chaussepied, who held the position of interim chair since last July. The organization, which sets standards for the entire jewelry supply chain, re-appointed Mark Jenkins of
Gemfields’ Higher-Quality Emerald Auction Fetches $26.8 Million
London: Gemfields recently announced revenues of $26.8 million from its latest higher-quality rough emerald auction, with strong demand continuing for top-tier stones despite broader market caution driven by geopolitical tensions and macroeconomic uncertainty. The auction, held from 4 to 21 May 2026, saw 36 of 37 lots sold, representing a 97% sell-through rate. Of the 185,135 carats offered, 183,385 carats
D. P. Abhushan Q4 2026 PAT Jumps 101% YoY
Bhopal: DP Abhushan Limited (NSE: DPABHUSHAN, BSE: 544161), a company marking golden legacy of 86 years into Jewellery Industry known for its highest purity & designs standards, transparency & wide range of products portfolio at 12 different geographics in India, announced its financial results for the fourth quarter and full year ended 31st March 2026. The company reported a strong performance with Q4FY26
WFDB Concludes the International Summit
Gaborone: The World Federation of Diamond Bourses (WFDB) has concluded its International Summit in Gaborone, Botswana, bringing together senior government representatives, industry leaders and stakeholders from across the global natural diamond value chain to examine the sector’s future amid shifting market dynamics and evolving consumer expectations. Held from 18-19 May in collaboration with Botswana’s Ministry of Minerals and Energy under
WDHB Opens Nominations for World Diamond Heritage List
Singapore: The World Diamond Heritage Board (WDHB) has announced the official opening of the public nomination phase for the World Diamond Heritage List (WDHL); an inaugural selection of 100 natural diamonds of outstanding historical importance. Nominations are open from May 18 to June 18, 2026. Every person — from industry professionals to diamond lovers — is invited to nominate up
