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
India Floats Idea of Setting up Gold Board
New Delhi: The Indian Government has floated the idea of a Gold Board to ensure coordinated policy action, reports the Business Standard. The finance ministry held a round of discussions last month with stakeholders and sought their views on a National Gold Board, a body on the lines of the Financial Stability and Development Council. A government official said discussions
Largest Blue Star Sapphire Found in Sri Lanka
Colombo: Gemologists in Sri Lanka claim that the largest blue star sapphire yet has been discovered in a mine in the country, reports BBC News. The gemology institute in the capital Colombo has certified that the gem weighs 1404.49 carats and say they have not certified anything larger. The gem is valued at approximately $100m and the current owner estimates
Israel Diamond Exg to hold 'Ambassador Day'
Ramat Gan: The Israel Diamond Exchange (IDE) will be hosting a significant number of Ambassadors, Consuls and economic attaches during the winter edition of The International Diamond Week in Israel to be held on the IDE trading floor from February 14 to 18. On the afternoon of February 16, the diplomats will tour the trading floor, visit the Harry Oppenheimer
Israel’s Diamond Exports Down in 2015
Ramat Gan: Polished diamond exports from Israel fell by just over a fifth in the year 2015 from US$6,267 billion in 2014 to US$4,996 billion in 2005, according to figures released by Israel’s Diamond Controller. Net rough diamond exports from Israel were worth US$2,196 billion in 2015, marking a 28.3% decrease from rough diamond exports of US$3,061 billion in 2014.
PNG Jewellers Achieves Record Q1 FY27 Revenue of 24,130 Mn
Pune: P N Gadgil Jewellers Limited has announced its unaudited financial results for the quarter ended 30th June 2026. Key Financial & Operational Highlights: § Retail Contribution: Retail sales continued to strengthen, with the retail share of total revenue increasing to 78% in Q1 FY27 from 70% in Q1 FY26, reflecting the Company’s continued focus on expanding its high-margin retail business. § Strong Same-Store Performance: The Company delivered a robust Same-Store Sales Growth (SSSG) of 46.1% YoY, driven by healthy
US Tariff Could Dent Growth of India’s G&J Industry: GJC
Mumbai: The United States (US) has maintained a 10% additional tariff on Indian gem and jewellery (G&J) exports under a permanent Section 301 regime, which replaced the previous temporary Section 122 surcharge on July 24, 2026. This duty applies to natural diamonds, lab-grown diamonds, coloured gemstones, and finished jewellery, impacting India’s primary overseas market. Expressing his dissatisfaction on the move,
The Platinum Buyer Seller Meet Ends Successfully
Kochi: The Platinum Buyer-Seller Meet (BSM) 2026, hosted by Platinum Guild International (PGI) in Kochi on 8th & 9th July, brought together 10 manufacturers, more than 70 retailers and industry partners for discussions on product innovation, changing consumer demand and the future growth of platinum jewellery in India. Over the last few years, platinum jewellery has sustained double-digit growth in
New Tariff Puts India’s G&J Exports Under Pressure
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has taken note of the United States’ transition from the temporary Section 122 balance-of-payments surcharge to the new Section 301 tariff regime, effective from 24 July 2026, under which the additional tariff on Indian gem and jewellery (G&J) exports remain unchanged at 10%. The new tariff framework follows the conclusion of investigations
