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
Israel’s Polished Exports Drop 20% in 2015
Israel’s polished diamond exports slumped 20 percent to $5 billion in 2015 because of a drop in demand in key markets and a mismatch between the prices of polished and rough gems, according to the Ministry of Economy. Polished exports to the U.S., Israel’s largest diamond-trade partner, dived 16 percent to $2 billion and outbound shipments to Hong Kong plummeted
Court Rejected Riddhi Siddhi’s Plea over Penalty
Mumbai: The Bombay High Court has rejected a petition filed by Riddhi Siddhi Bullion Ltd (RSBL) challenging levy of a Rs 100 crore penalty and cancellation of its Nominated Agency Certificate by the Director General of Foreign Trade (DGFT). The action was initiated after the bullion trader allegedly diverted 200 kg of gold into the domestic market instead of exporting
The Journal of Gemmology Joins Web of Science
London: The Gemmological Association of Great Britain (Gem-A) has announced that its flagship publication, The Journal of Gemmology, has been accepted for indexing in Thomson Reuters’ new Emerging Sources Citation Index (ESCI), part of the prestigious Web of ScienceTM research platform. This exciting development will allow The Journal to be fully searchable and citable by academics, authors and researchers across
China's Bank Buys 1,500-Tonne Gold Vault
London: China’s largest bank is buying the lease on Deutsche Bank’s huge London gold and silver vault, enlarging its footprint in the city’s bullion market, according to reports. ICBC Standard Bank, which took a controlling stake in London-based Global Markets business last year, has also applied to become a clearing member of the London gold and silver over-the-counter business. The
IFSCA Permits GJEPC RCMC Holders to Import Gold, Silver Through IIBX
Mumbai: The International Financial Services Centres Authority (IFSCA), the unified regulator overseeing financial activities in GIFT City, has accepted key recommendations made by the Gem & Jewellery Export Promotion Council (GJEPC), allowing holders of a valid Registration-cum-Membership Certificate (RCMC) to access bullion imports through the India International Bullion Exchange (IIBX). Under a revised circular issued on 15 June 2026, valid
A Webinar on IIBX Gold Supply Mechanism
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), in association with IIBX, is organizing a webinar on “IIBX Gold Supply Mechanism for GJEPC Members and SEZ Units” on 19th June 2026 to provide insights into the gold procurement framework through the India International Bullion Exchange (IIBX). The webinar is scheduled from 3 pm onwards. Mr. Ashok Kumar Gautam, MD
Central Banks Set to Step up Gold Buying over the Next Year
London: The World Gold Council’s (WGC) annual Central Banks Gold Reserves Survey reveals that 89% of reserve managers expect global central bank gold holdings to continue increasing over the next 12 months. With gold recently overtaking US government bonds as the top reserve asset, the findings point to continued momentum in central bank demand for gold. That confidence is also
India’s G&J Exports Stood at US$ 4.27 Bln in April–May 2026
Mumbai: India’s gem and jewellery exports stood at US$ 4.27 billion (Rs. 40,398.97 crore) during April–May 2026 as compared to US$ 4.55 billion (Rs. 38,848.42 crore) during the corresponding period of the previous year. While overall exports declined by 6.03% in dollar terms, they registered a growth of 3.99% in rupee terms. The figures are provided by India’s Gem &
