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
Gem-A Appoint Interim Chief Executive
London: After several months without a Chief Executive Officer, the Council of the Gemmological Association of Great Britain (Gem-A) have appointed Nick Jones as interim CEO. Nick’s role as interim CEO is to manage the Association, and advise the Council on the future structure of the Association. Nick is a Chartered Accountant with a wealth of experience, who recently retired
IDW in New York Ended with Success Note
Ramat Gan: The fourth edition of the Israel Diamond Week in New York proved once again a successful enterprise. During the four-day event, about a hundred Israeli bourse members joined an equal number of American colleagues on the trading floor of the Diamond Dealers Club of New York (DDC), attending to more than two hundreds visiting buyers and droves of
De Beers’ Viewings of Auction in BDB on 27th Oct
Mumbai: The De Beers Group of Companies announced that its Auction Sales business intends to conduct viewings of auction lots at the Special Notified Zone (SNZ) in Mumbai, India, in November 2015 ahead of its December 2015 auction events. Under the current schedule, the full range of products to be offered for sale at the December auction will be available
Lucapa Finds 14 More “Special” Diamonds at Lulo
Luanda: Lucapa Diamond has recovered 14 more “special” diamonds, including a 74.5 carat stone, from ongoing mining and treatment at Block 8 on the Lulo diamond project in Angola. All diamonds were greater than 10.8 carats, while the 74.5 carat diamond was confirmed as Type IIa D-colour stone and the fourth biggest stone recovered to date at Lulo, the company
Size of UK Jewellery Industry to Rise by 2.1%
London: A New research published by 77 Diamonds shows that the size of the United Kingdom (UK) jewellery manufacturing industry is set to increase by 2.1% by the end of 2026, with total market revenue forecast to exceed £1 billion for the first time since 2023. 77 Diamonds has analysed historical data on the estimated annual revenue of the UK
GJC Submits Jeweller-Integrated Framework for GMS
Mumbai: All India Gem and Jewellery Domestic Council (GJC) has been actively engaging with senior officials of the Reserve Bank of India (RBI) and the Ministry of Finance (MoF) to advance a comprehensive revamp of the Gold Monetization Scheme (GMS). GJC has submitted a refined, jeweller-integrated framework for GMS, developed through structured stakeholder consultations across the banking, refining, and jewellery sectors. The
India’s New Shopping Mindset, Before You Buy Gold, #PehlaCheckIAGES
Mumbai: Indian consumers are being given the choice to make more informed decisions while buying gold. The efforts of Indian Association of Gold Excellence and Standards (IAGES), a self-regulatory organization created by the gold industry, is beginning to see the fruits of the groundwork it has put, into encouraging a shift in the gold-buying mindset of people with its pan
De Beers Diamond Output Rises 17% in Q1 2026
London: De Beers Group reported a 17% rise in rough diamond production to 7.1 million carats in Q1 2026, driven by higher volumes from Canada and South Africa. The increase was operational. Canada recorded the sharpest growth, with production rising to 1.0 million carats, up 163% on planned ore release from Gahcho Kué. South Africa output surged 53% to 0.7
