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
Top News
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
DPA Announces Marketing Agency
Gaborone: The Diamond Producers Association (DPA) has appointed Mother New York as its global strategic marketing partner. Mother New York will work with the DPA and recently appointed managing director of marketing Sally Morrison on a new campaign that will make diamonds relevant to the next generation, a statement said. “We were impressed with Mother New York’s deep understanding of
Gemfields’ 1Q Emerald Production Jumps 10%
London: Colored gemstone miner Gemfields reported emerald and beryl production from its Zambian subsidiary Kagem Mining Limited jumped to 7.5 million carats in the first quarter to September 30, a 19 percent surge from a year ago. The average grade rose 11 percent to 237 carats per tonne. Revenue from its predominantly higher-quality rough emerald auction in Singapore in September
Salmaan Khan Unveiled New Logo of PNG Jewellers
Mumbai: Salmaan Khan, one of the most influential Bollywood stars of all times unveiled the new logo of PNG Jewellers on 13th November 2015 at their Vile Parle showroom. PNG Jewellers, a leading jewellery brand with multiple showrooms across India, UAE and USA have launched their new logo, ˜Parampara Achai ki”, a notion really close to their heart. PNG Jewellers
De Beers Briefs NY Banking Community
New York: Rough diamond supplies are likely to plateau by 2020 and then significantly decline during the following decade, according to Howard Davies, the head of commercial development for De Beers, who briefed members of the New York banking community recently about fundamentals affecting the state of the diamond market. Estimated global rough production, according to De Beers projections, will
DDC, IDE Create 'Diamond Supply Platform'
New York: The Diamond Dealers Club (DDC) of New York and the Israel Diamond Exchange (IDE) are creating an unparalleled “Diamond Supply Platform” on the trading floor of the DDC, at a time that North American diamond buyers need it most, DDC’s president, Reuven Kaufman, and IDE’s president, Shmuel Schnitzer, said in a joint statement recently. The two pledged to
Gem-A Confirms Two New Conference Speakers
London: The Gemmological Association of Great Britain (Gem-A)) has announced two new extra-special speakers for the Gem-A Conference 2014 from 1 – 4 November at the Business Design Centre in Islington. Joining the confirmed group of 13 top-international speakers, world-renowned specialist Dr Franz Herzog will run two exclusive workshops on Chemical Analysis using a portable Energy Dispersive X-Ray Fluorescence device
Rough Prices May See 5-10% Correction
Mumbai: Even as diamond companies are starved of funds, with Antwerp Diamond Bank (ADB) shutting shop in India and Standard Chartered Bank reducing exposure, a correction in the prices of rough and polished diamonds is likely, reports Business Standard. Vipul Shah, chairman of the Gem and Jewellery Export Promotion Council (GJEPC), said, “The prices of both rough and polished diamonds
