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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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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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

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ALROSA Sales Slump in Q3, 9M

Moscow: According to their Q3 and 9M 2015 production and preliminary trading performance report, during the first nine months of the year, ALROSA’s production rose 16% to 29.6 million carats, while the company sold only 23 million carats for $2.7 billion across those 9 months. This represents a billion dollar decrease in comparison to the first 9 months of 2014

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IIDGR Melee Testing Service in Surat from 26th Oct

Gaborone: The De Beers Group of Companies today announced that the low cost, high volume melee testing service at its International Institute of Diamond Grading & Research (IIDGR) will begin in Surat, India, on 26 October 2015, with an equivalent service to launch in Antwerp, Belgium, on 12 November 2015. The service will provide diamantaires with the opportunity to use

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DS to Set Synthetic Screening Service in Shanghai

Hong Kong: Diamond Services has announced that it will begin offering synthetic diamond screening services directly to the Chinese diamond trade through the facilities in Shanghai of NGGC, the state-owned gem laboratory that is one of the largest grading institutes in China. The synthetic diamond screening service will begin on November 2. Diamond Services, which was established in 2012 in

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GJEPC Introduces  Special Recognition Award

Bengaluru: At IIJS Bharat Tritiya 2026, GJEPC introduced  special recognition award, Hidden Stars, for the very first time, dedicated to the teams who work behind the scenes and play a vital role in the success of every jewellery business. Often unseen yet highly influential, these professionals help shape important decisions, guide collections, and strengthen the very foundation of retail excellence. Their

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WGC to Develop Shared Infrastructure for Digital Gold

London: The World Gold Council (WGC) recently announced a pioneering initiative to build new market infrastructure designed to unlock the next era of digital gold’s development. WGC has co-authored a White paper titled Digital Gold: The Case for a Shared Infrastructure with Boston Consulting Group (BCG) which explores “Gold as a Service” – a new platform to support the issuance

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Diamond is Forever: The Making of a Cultural Icon 1926–2026

Mumbai: De Beers Group, a global leader in the natural diamond industry with a legacy spanning over a century, is launching A Diamond Is Forever: The Making of a Cultural Icon 1926–2026, a visual retrospective celebrating its pioneering role in shaping the world of natural diamonds. The book traces how, beginning in the 1930s, the brand reimagined natural diamonds from discreet

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IIJS Bharat Tritiya Unveils India’s Strength As Global Jewellery Powerhouse

Mumbai: India today solidified its position as a global jewellery powerhouse as the Gem & Jewellery Export Promotion Council (GJEPC) inaugurated the 4th edition of IIJS Bharat – Tritiya 2026 at the Bengaluru International Exhibition Centre (BIEC). As the third-largest B2B jewellery trade show in the country, the event serves as a strategic sourcing gateway for the upcoming festive and

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