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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Platinum Prices Go Below $900/Ounce
London: Platinum prices sank below $900 an ounce on Friday for the first time since the recession, as pressure from the Volkswagen AG emissions scandal hammered a precious metal already wounded by high supply and lackluster demand. Having fallen steadily since July last year, prices are now down more than 50% from an all-time high of $1,912.20 in mid-2011. The
Botswana Rough Exports -15% in 1H
Gaborone: The value of rough diamonds exports from Botswana’s mines fell 15 percent in the first six months of the year to $1.7 billion, official data showed on Tuesday. Diamond exports contribute 30 percent to the GDP of the southern African nation. But diamond demand has slowed since late 2014 as middlemen who buy rough stones struggle with a stronger
BDB Becomes Exclusive Natural Diamond Area
Mumbai: Bharat Diamond Bourse (BDB) has declared that no person / organization shall promote or trade or be permitted to promote or trade or carry synthetic diamonds / Lab grown diamonds / man-made diamonds within the premises of Bharat Diamond Bourse and hence only “Natural Diamonds” will be traded in the premises of Bharat Diamond Bourse. BDB at its 31st
UAE to Increase Local Jewelry Manufacturing
Dubai: A UAE jeweler has confirmed plans to set up design and productions facilities that will increase the country’s capacity to manufacture locally made jewelry, enabling ‘Made in UAE’ imprint to spread out more in the Gulf and further afield. Malabar Gold & Diamonds, a major retailer, is to open a $20 million (AED75 million) facility at Dubai TechnoPark, which
JewelStart Industry Innovation Challenge 2026 Launched
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), in collaboration with SINE, IIT Bombay, has launched the first edition of the JewelStart Industry Innovation Challenge 2026, a national platform aimed at bringing startup-led innovation into India’s gems and jewellery sector. The challenge invites startups, innovators and technology solution providers to address pressing industry needs across the jewellery value chain,
CIBJO Warns Against ‘Fraudulent Representatives’
Milan: The World Jewellery Confederation (CIBJO) is issuing an urgent warning about individuals claiming to represent CIBJO or bodies directly affiliated with CIBJO, offering products and/or financial instruments endorsed by CIBJO. The existence of such claims was brought to CIBJO’s attention yesterday, May 24, 2026, which are similar to other claims reported to us in January of this year, when
Inputs from GJEPC on GMS & CAD Reduction
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), in reference to the meeting held on 22nd May 2026 with key industry associations, to deliberate on measures for reducing the Current Account Deficit (CAD), particularly in the context of gold imports and domestic gold mobilization, is coordinating with its members to formulate some suggestions on Gold Monetization Scheme (GMS) and
GJEPC Joins Govt Delegation to Canada for CEPA Talks
New Delhi: Union Commerce & Industry Minister Mr. Piyush Goyal is leading a high-level Indian delegation to Canada from 25-27 May to advance discussions on the proposed India-Canada Comprehensive Economic Partnership Agreement (CEPA) and strengthen bilateral trade and investment ties. Mr. Anoop Mehta, Convener – Diamond Panel, GJEPC, is representing the Council as part of the Indian delegation accompanying the
