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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HRD Antwerp to Stop Grading Loose LGDs
Antwerp: HRD Antwerp announced it will stop grading loose lab-grown diamonds (LGDs) for commercial use, starting from January 2026. This move is intended to clearly distinguish between natural and lab-grown diamonds and strengthen consumer confidence in the natural diamond market. The lab will continue to issue certificates for jewelry that contains LGDs and will still analyze synthetic stones for research purposes.
CIBJO Congress Focuses on Standards & Sustainability
Paris: The 2025 Annual Congress of the World Jewellery Confederation (CIBJO) opened on October 27 at the Comet Auditorium in Paris, welcoming more than 250 delegates from across the global jewellery supply chain. The gathering marks a milestone year for CIBJO as it nears its centenary, reaffirming its position as the guardian of industry standards, consumer trust, and ethical business
De Beers Reports Increase in Q3 Production
London: De Beers reported a sharp increase in rough diamond sales and production for the third quarter of 2025 compared to the same period last year. The sales volume tripled due to an extra selling event (Sight) in Q3 2025, which was reduced during the market downturn in Q3 2024. Production was up 38% year-on-year, primarily driven by higher output from
India Govt. Releases Special BDB Postal Stamp
Bharat Diamond Bourse (BDB), the world’s largest diamond trading exchange, proudly marks a dual milestone this year; 41 years since its incorporation and 15 glorious years of successful operations at its iconic Bandra Kurla Complex premises since 17th October 2010. To commemorate this milestone, the Department of Posts, Government of India, released a special BDB Postal Stamp recognizing the Bourse’s outstanding contribution to India’s diamond industry and global trade excellence. The
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
Report Submitted on Myanmar’s Gem Scandal
Naypyidaw: A team investigating the disappearance of nearly U.S. $100 million in funds belonging to a gem association has submitted its findings to Myanmar’s minister of natural resources and environmental conservation, the lead investigator said. The team had investigated nine members of the gem association’s central committee, authorities from the Ministry of Mines, gem association chairman Yone Mu, and three
Major Israeli Diamond Presence at Hong Kong June
Ramat Gan: The Israel Diamond Institute Group of Companies (IDI) will host 50 companies this year in its diamond pavilion at the June Hong Kong Jewellery & Gem Fair, which will take place from June 23-26, 2016 at the Hong Kong Convention & Exhibition Centre. In addition, 10 Israeli companies will be exhibiting in other locations throughout the show. The
