We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
A Surging Rupee Tripled Gold’s Global Loss in India as Silver Broke Down
Macro Snapshot: The Reserve Bank of India changed the domestic arithmetic before trading opened on 12 October. On 10 October it announced a special window to meet the entire daily dollar requirement of Indian Oil, Bharat Petroleum and Hindustan Petroleum directly from its reserves, taking a large block of import demand out of the spot market. The central bank also tightened rupee derivative rules, imposing a 20% Foreign Exchange Risk Reserve on eligible contracts above $2 million and barring the
A Surging Rupee Tripled Gold’s Global Loss in India as Silver Broke Down
Macro Snapshot: The Reserve Bank of India changed the domestic arithmetic before trading opened on 12 October. On 10 October it announced a special window to meet the entire daily dollar requirement of Indian Oil, Bharat Petroleum and Hindustan Petroleum directly from its reserves, taking a large block of import demand out of the spot market. The central bank also tightened rupee derivative rules, imposing a 20% Foreign Exchange Risk Reserve on eligible contracts above $2 million and barring the
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IDWI Aiming for Global Participation
Ramat Gan: The organizing committee of the Winter Edition of the International Diamond Week in Israel (IDWI), to be held at the Israel Diamond Exchange (IDE), February 14-18, 2016, is aiming to make the event accessible to members of all the bourses that are affiliated to the World Federation of Diamond Bourses (WFDB). Moti Fluk, the IDWI’s Chairperson, said letters
Amnesty International Raps Diamond Companies
Luanda: Amnesty International said diamond companies must stop using the cover of the Kimberley Process to claim that their stones are free from human rights abuses and conflict. “Diamond companies continue to hide behind the veneer of respectability offered by the Kimberley Process rather than taking responsibility for what happens along their supply chains,” said Amnesty researcher Lucy Graham as
Lucara Recovers Historic 1,111 Carat Diamond!
Vancouver: Lucara Diamond Corp. has announced the recovery of a 1,111 carat gem quality, Type IIa diamond. According to their press release, “The magnificent stone, which originated from the south lobe of Lucara’s Karowe Mine [in Botswana], is the world’s second largest gem quality diamond ever recovered and the largest ever to be recovered through a modern processing facility. The
UAE Responds to KP Civil Society Boycott
Dubai: The United Arab Emirates (UAE) has responded to yesterday’s announcement by the Kimberley Process Civil Society Coalition that it will be boycotting the Kimberley Process (KP) in 2016 owing to the chairmanship of the UAE. According to a press release from Partnership Africa Canada, the 11 Coalition members said the chairmanship crossed a “red line” due to widespread concerns
GII Installs AMS at BDB
Mumbai: Gemological Institue of India (GII) recently inaugurated the Automated Melee Screening (AMS) machine by Mr. Anoop V. Mehta, President, Bharat Diamond Bourse (BDB) and Mr. Arunkumar Mehta, Rosy Blue (India) Pvt. Ltd, installed in the Diamond Detection Resource Center (DDRC) at Bharat Diamond Bourse (BDB) Mumbai. On the occasion, Mr. Vipul Shah, Chairman, GJEPC said, “We are glad to
Artisan Jewellery Design Awards by GJEPC
Mumbai: The Gem and Jewellery Export Promotion Council of India (GJEPC), the apex body of the gem & jewellery industry in India announces ‘The Artisan Jewellery Design Awards 2014’ scheduled in December 2014. Having hosted award and reward programs for the industry over 25 years, GJEPC now invites participation from all established and budding designers across the nation to bring
198 Carat Rough Found in Lesotho
Maseru: Africa has unearthed yet another eyebrow-raising mega-rock—this time a 198 ct. white type IIa diamond described as of “exceptional quality.” The stone was found at the Letšeng mine in Lesotho, said owner Gem Diamonds. The diamond “displays no fluorescence and is expected to achieve an exceptional price when sold this year,” the company said. Spokesperson Sherryn Tedder said she
Four Leaders Join Board of Directors of PDE
Panama: The Panama Diamond has announced that four key leaders of the international diamond and jewelry industries have joined the Board of Directors of the Panama Diamond Exchange. They are Roberto Coin, the world renowned Italian jewelry designer and manufacturer; Maxim Shkadov, President of the International Diamond Manufacturers Association; Shmuel Schnitzer, President of the Israel Diamond Exchange; and Reuven Kaufman,
