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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Petra Sells Exceptional Pink Diamond for $15m
Dar Es Salaam: Petra Diamonds says it has recently recovered what it describes as an “exceptional” 32.33 carat pink diamond from a mine in Tanzania and has sold it for $15m, which equates to a price of $463,965 per carat. The diamond was bought on behalf of Israel-based diamond manufacturer, M.A. Anavi Diamond Group. Petra said it has also retained
Moscow Exch, ALROSA Discussing Diamond Sales
Moscow: Russian News Agency TASS reports that the Moscow Exchange is interested in developing the exchange trade in diamonds and is considering a relevant proposal made by the Russian diamond producer Alrosa, Chief Executive of the Exchange Alexander Afanasyev said on Thursday on the sidelines of the congress of the Russian Union of Industrialists and Entrepreneurs. “We are discussing this
Zimbabwe to Set up 32 Gold Processing Centres
Harare: Zimbabwe Government plans to establish 32 gold processing centres in small-scale mining areas around the country to increase their contribution to national output, a senior government official has said. The centres would offer various services such as gold milling, collection points as well as assist with Environmental Impact Assessments. Mines and Mining Development deputy Minister Fred Moyo said the
AWDC Thanks Diamond Industry for Support
Antwerp: The Antwerp World Diamond Centre (AWDC) expresses its sincere gratitude for the many messages of support and solidarity from diamond organizations around the world after the tragic attacks in Brussels on Tuesday. Among the many organizations sending their condolences to AWDC and Belgium are: World Diamond Council, World Federation of Diamond Bourses, International Diamond Manufacturers Organization, India’s Gem and
India and New Zealand Sign Strategic FTA
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has welcomed the signing of the India–New Zealand Free Trade Agreement (FTA) on 27 April 2026, calling it a timely and strategic step that opens a high-potential market for Indian gem and jewellery exporters. India’s current gem and jewellery exports to New Zealand stand at approximately USD 16.61 million. With zero-duty
Suresh Hathiramani Elected as Chairman of WDHB
Singapore: The World Diamond Heritage Board (WDHB) has announced the appointment of Mr. Suresh Hathiramani as Chairman and Mr. Alex Popov as Vice-Chairman, of the Selection Committee of the World Diamond Heritage List (WDHL). A Historic Initiative for the Diamond Industry: The World Diamond Heritage List is an initiative designed to identify and document the 100 diamonds that have shaped
Antwerp’s Diamond Trade Increased by 20% in Q1
Antwerp: According to figures from the Antwerp World Diamond Centre (AWDC), the total volume of diamonds traded in Antwerp increased by nearly 20% in the first quarter of 2026 compared to the same period last year. The import of rough diamonds in particular saw strong growth, with a 35.7% increase in volume. In terms of total trade value, the trading
India Govt. Includes Jewellery in FTWZ
New Delhi: In a significant policy clarification, the Government of India has brought jewellery under the ambit of Free Trade Warehousing Zones (FTWZ), extending the scope of the existing framework governed by the SEZ Rules, 2006. Under a Circular dated 3rd March 2016, FTWZ units were already permitted to undertake storage and vaulting of precious commodities such as gold, silver,
