We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors
Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000
Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors
Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000
Top News
GJEPC Meet Addresses US Reciprocal Tariff Challenges
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) convened an exclusive trade meet in hybrid mode on 6th October at Bharat Diamond Bourse (BDB) to address the mounting challenges faced by India’s gems and jewellery industry due to US reciprocal tariffs and explore legal pathways to mitigate their impact. In his keynote address, Mr. Kirit Bhansali, Chairman, GJEPC, outlined
Vaani Kapoor Named Brand Ambassador for Lukson
Mumbai: Lukson, the next-generation fine jewellery brand from the JK Star Group has announced the appointment of celebrated actress Vaani Kapoor as its official Brand Ambassador. With this partnership, Lukson strengthens its vision of making sustainable, design-led, and affordable luxury jewellery a part of everyday life for modern India. Founded in 2024 by third-generation diamantaire Anand Lukhi and co-founder Vedant
Global Platinum Jewellery Market Rebounds
Mumbai: Platinum Guild International (PGI), a worldwide marketing organization dedicated to creating, expanding, and strengthening consumer and trade markets for platinum jewellery, has shared its findings from its Platinum Jewellery Business Review update for Q1 2025, highlighting strong growth across key global markets, led by a significant recovery in China. Platinum jewellery is seeing renewed global momentum, with China leading
India not to Ask Nirav Modi About PNB Scam
London: Ahead of the extradition hearing of fugitive diamantaire Nirav Modi at Westminster Court, India has assured the United Kingdom that the Fugitive Economic Offender will not be “questioned” in connection with the $2 billion Punjab National Bank (PNB) fraud case. A written assurance or sovereign guarantee to this effect has been submitted to the UK authorities through the Crown
Polished Prices Plunge While Rough Stays
New York: Polished diamond prices fell over the past three months even as rough prices remained firm, according to information published in two indexes. The price of 1 ct. laboratory-graded diamonds fell 6.2 percent during the second quarter, according to the RapNet Diamond Index (RAPI). The index is calculated based on listings on the online network. The price of the
Sightholders Can Defer 25% of July Supply
Gaborone: De Beers will allow sightholders to defer as much as 25 percent of their supply at next sight, taking place between July 13 & 17, as rough diamond sales continue to slide. “We appreciate that it is currently a quiet period for trading and at sight 6 all sightholders will therefore have the option to defer up to an
Is Zim Diamond Industry Politically Sensitive?
Harare: The British Embassy in Harare said while Zimbabwe has offered a “favourable” investment climate, investors interested in the country’s diamonds should know that the industry is “politically sensitive”. It said in its June report that British investors should consult the embassy in Harare for advice if they are interested in the local diamond industry. “The diamond sector is particularly
De Beers Unveils Winners of Shining Light Awards
Johannesburg: The winners of the 18th Shining Light Awards were announced last night in a spectacular grand finale held in the Circa Gallery in Johannesburg, South Africa. The prestigious jewellery design competition, sponsored by The De Beers Group of Companies, showcases young talent from Botswana, Namibia and South Africa. The competition is open to current students, as well as those
