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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Hope Spinel Sold for Record Price
London: A rare British-owned gemstone steeped in history and intrigue sold for a record price of $30,000 per carat yesterday at Bonhams Fine Jewelry sale in London. The previous world record price per carat for a faceted Spinel was $16,000 which was set in 2013. This exceptional gem was bought by a private telephone bidder. The Hope Spinel was part
New Blood Diamond Report on 30th Sep
Johannesburg: Amnesty International announced that it will publish a new report on the diamond industry that focuses on the Central African Republic (CAR), where illicit trade continues unabated amid sweeping conflict. Research for the report was conducted in the CAR, neighboring countries and diamond-trading centers, Antwerp and Dubai, according to an Amnesty announcement. The findings revealed systematic failures in preventing
New Appointments in RJC
New York: The Responsible Jewellery Council (RJC) has appointed Anne-Marie Fleury as its Standards and Impacts director. The organization also recently appointed Bethan Herbert as Certification and Impacts manager. Fleury will work alongside executive director Andrew Bone and chief operations officer Catherine Sproule and will be responsible for providing strategic and technical leadership in standards development, certification, assurance, impact measurement
Winners of 'World Skills India' Jewellery Com'tion
Jaipur: Sanjay Pramanik, Sweta Singh, Savita Palariya and Ashrof Jamal are the national winners of the ‘World Skills India’ Jewellery competition conducted by the Gem & Jewellery Skill Council of India (GJSCI) at IIGJ Jaipur on 19th September which concluded with a formal function where winners were announced and awarded with medallion and certificate. Guests who were present during the
Can India Reinforce Confidence in the KP?
Mumbai (By Suresh Chotai): As India assumes the Chair of the Kimberley Process Certification Scheme (KPCS) this year, the global diamond industry sees renewed opportunity for meaningful dialogue on one of the most debated issues within the Process: the definition of so-called “blood” or “conflict” diamonds. The current Kimberley Process definition, framed in the early 2000s, restricts conflict diamonds to
GJC Submits Pre-Budget Recommendations
Mumbai: All India Gem & Jewellery Domestic Council (GJC), the apex body representing India’s domestic gems and jewellery trade, submitted its detailed pre-budget recommendations to the Hon’ble Finance Minister Smt. Nirmala Sitharaman for consideration in the Union Budget 2026–27. The representation focuses on five core pillars: 1. GST reforms to restore affordability and eliminate working capital blockage 2. Direct tax relief on
India’s G&J Exports to the US Fall by 44.42%
Mumbai: India’s gem and jewellery (G&J) exports to the United States witnessed a sharp contraction during April–December 2025, declining 44.42% year-on-year to US$ 3.86 billion, compared to US$ 6.95 billion in the corresponding period last year. In December 2025, exports to the US declined by 50.44% year-on-year, reflecting the continued impact of tariff-related pressures and subdued discretionary demand. Commenting on
Divine Solitaires Seeks $10 mln Fund for Expansion
Mumbai: Divine Solitaires, India’s loose solitaire brand that is exclusively focused on natural diamond solitaire jewellery, has opened its first round of seed funding seeking an investment of $10 million. The Mumbai-based company is gearing up to aggressively scale its business to become a $250–300 million enterprise over the next 3-4 years. Launched in 2006 by brothers Jignesh Mehta and Shailen Mehta,
