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
China Gets Rough Diamond Exchange
Beijing: Shenzhen Rough Diamond Exchange (SRDE), a secure diamond storage, sorting and viewing facility in the Chinese city, has received final approval to operate. Foreign suppliers will be able to ship diamonds to the new warehouse in the Luohu district of Shenzhen duty-free. Local Chinese companies will then be able to view and purchase the goods through the Shanghai Diamond
Dominion to Hold Viewings of Diamonds in Mumbai
Mumbai: Dominion Diamond Marketing N.V., a subsidiary of Dominion Diamond Corporation, will conduct viewings of its rough diamond sales parcels at the Special Notified Zone (SNZ) located within the Bharat Diamond Bourse in Mumbai beginning in February 2016, reports JNA. Viewing dates for 2016 are as follows: 1-6 February; 7-12 March; 4-9 April; 23-28 May; 20-25 June; and 1-6 August.
De Beers Appoints Nimesh Patel as CFO
Gaborone: De Beers has appointed Nimesh Patel as chief financial officer, succeeding Gareth Mostyn who will become executive head of strategy and corporate affairs in the new year. Patel was previously group head of corporate finance at De Beers parent company Anglo American. Prior to this, he spent 15 years in investment banking at JP Morgan and as a managing
India Can Grow at 9% for a Decade
New Delhi: India has the potential to grow at 9 per cent for a decade and 8 per cent in subsequent years if the country takes bold reform measures, eminent economist and Harvard University professor Lawrence Summers said on Saturday. “Except India, major emerging economies seem to be losing momentum… I think if India maximizes its potential, it could grow
GJEPC Gears Up Industry for India–UK CETA Rollout
Mumbai: The implementation of the landmark India–UK Free Trade Agreement (FTA) on 15 July 2026 marks a transformative milestone for India’s gem and jewellery industry, opening the door to significantly greater market access, enhanced competitiveness and accelerated bilateral trade with one of its key export markets. With zero-duty access for nearly 99% of Indian exports to the UK, the agreement
Global Gold City Project Announced
Hyderabad: Goldsikka Limited, a Hyderabad based Company, has introduced the Global Gold City Project (GGC), a pioneering initiative to establish India’s first integrated gold ecosystem. This project will consolidate mining, refining, trading, manufacturing, and digital infrastructure into a single hub, positioning India as a global leader in the gold industry. The project’s main objective is to Build a world class gold
P N Gadgil Jewellers Reports Revenue Growth of 41% YoY
Mumbai: P N Gadgil Jewellers has recently announced its quarterly results. The Company delivered a strong performance in Q1 FY27, reporting robust revenue growth of 41% YoY. The Retail segment grew 56% YoY, with robust same-store sales growth (SSSG) of 46% YoY as the primary driver, indicating that the growth was substantially organic in nature, driven by deeper customer engagement
India-UK BSM 2026 kicks off in London
London: With the India–UK Free Trade Agreement (FTA) set to come into force on 15 July 2026, India’s Gem & Jewellery Export Promotion Council (GJEPC) has brought together 20 leading Indian gem & jewellery manufacturers and prominent UK buyers for two days of focused business meetings at the Arsenal Executive Box, Emirates Stadium, London. The event marks another significant step
