LBMA & WGC Advocate for Reclassifying Gold as High-Quality Liquid Asset Under Basel III

LBMA & WGC Advocate for Reclassifying Gold as High-Quality Liquid Asset Under Basel III

Last week, delegates from the London Bullion Market Association (LBMA) including Paul Fisher, Ruth Crowell, David Gornall, and Edel Tully, joined Mike Oswin of the World Gold Council (WGC) in Basel for a meeting...
MSME Conclave Highlights Key Schemes For Gem & Jewellery Exporters

MSME Conclave Highlights Key Schemes For Gem & Jewellery Exporters

GJEPC hosted an MSME Conclave at its regional office in Delhi, in collaboration with the MSME Development and Facilitation Office (DFO), Ministry of MSME, Government of India. The event held on 10th July aimed...
GJEPC & De Beers Delegation Discuss Current Industry Scenario

GJEPC & De Beers Delegation Discuss Current Industry Scenario

A delegation from De Beers, led by Ms. Feriel Zerouki, Senior Vice President of Provenance, Ethics, and Industry Relations, visited the GJEPC head office in Mumbai on 9th July. The De Beers team also...
US Customs Seize $10m of Counterfeit Jewelry

US Customs Seize $10m of Counterfeit Jewelry

Three separate shipments of counterfeit jewelry with a combined value of more than $10m (if genuine) were seized entering the US in a 24-hour period. A total of 2,387 items fraudulently branded with Van Cleef...
$1.2m Faberge Egg Reveals 5ct Ruby

$1.2m Faberge Egg Reveals 5ct Ruby

Gemfields has showcased its latest Faberge egg, an intricately crafted $1.2m creation which opens to reveal a square five-carat ruby, set in a removable rose gold filigree-like sphere. It has been named Malaika, the word...
Diavik, the Solar-Powered Diamond Mine

Diavik, the Solar-Powered Diamond Mine

Rio Tinto has installed Canada's largest off-grid solar power plant at its Diavik diamond mine on the edge of Arctic Circle. It will provide up to a quarter of the electricity needed for production until...
IDEX Polished Price Index: Biggest Monthly Drop of 2024

IDEX Polished Price Index: Biggest Monthly Drop of 2024

The IDEX Polished Price Index fell by 2.00 per cent in June, its biggest and bumpiest drop this year, and its steepest monthly decline since last September (3.07 per cent). It's also almost double...
Eighth +100-cts Diamond at Letseng

Eighth +100-cts Diamond at Letseng

Gem Diamonds has recovered its eighth +100-cts diamond so far this year from its Letseng mine, in Lesotho. It's a reversal of fortunes for the UK-based company, that recovered just five +100-cts during the whole...
Growth in US Watch and Jewelry Sales Slows in May

Growth in US Watch and Jewelry Sales Slows in May

The growth in watch and jewelry sales in the US slowed again in May, for the third consecutive month, according to the latest year-on-year estimates by the US Department of Commerce. Sales are still increasing...
GJEPC’s Role Highlighted in India’s Successful FATF Review Chaired by Hon’ble FM

GJEPC’s Role Highlighted in India’s Successful FATF Review Chaired by Hon’ble FM

The GJEPC’s significant contributions were lauded at a get-together organised by the Revenue Department on 29th June, marking the successful review of India’s Financial Action Task Force (FATF) preparedness, awareness, and implementation chaired by...

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LVMH Watch Chief Signals Jean Arnault as Strong Successor Candidate

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De Beers Posts 17% Increase in Q1 Diamond Production, Reaching 7.1 Million Carats

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De Beers Group reported a strong start to 2026, with rough diamond production climbing 17% year-on-year to 7.1 million carats in the first quarter....
GJEPC Surat RO Hosts Industry Interaction with DGTS on Key Tax Concerns

GJEPC Surat RO Hosts Industry Interaction with DGTS on Key Tax Concerns

The Gem & Jewellery Export Promotion Council (GJEPC) Surat Regional Office recently organised an important meeting between gem and jewellery industry representatives and Shri...
Etsy Surpasses Q1 Revenue Forecasts as Buyer Activity Remains Resilient

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Etsy delivered stronger-than-expected first-quarter revenue, benefiting from stable consumer demand, rising buyer activity, and higher spending per customer despite a cautious economic backdrop. The online...
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