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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KGK Diamonds Wins Court Battle in New York
New York: A New York Supreme Court judge ruled in favor of KGK Diamonds, awarding the Indian sightholder a judgment of $2.4 million plus interest against Madison Avenue Diamonds, the company behind the Ivanka Trump Fine Jewelry brand, for breach of contract, in a court battle that dragged on for nearly three years, reports JCKonline. Both parties had agreed to
Registration for IDW in New York is Open
Ramat Gan: Registration for the fourth edition of the Israel Diamond Week in New York is now open. Diamond buyers interested in attending are requested to register HERE. The event will be held on the trading floor of the Diamond Dealers Club of New York, at 580 Fifth Avenue in midtown Manhattan, October 19-22, 2015. “The diamond trading centers of
CAR Still Suspended by Kimberley Process
Antwerp: The Kimberley Process (KP) suspended the Central African Republic (CAR) in May 2013, meaning that all countries are forbidden from importing rough diamonds from CAR. Because the situation in certain parts of the country has seen considerable progress, it was decided in June 2015 during the KP Intersessional to grant CAR the opportunity to eventually start exporting rough diamonds
Zimbabwe’s Aurex Diamonds to be Capacitated
Harare: Aurex Diamonds, a subsidiary of the Reserve Bank of Zimbabwe, is set to be capacitated to “enhance” the country’s capacity to export “high value” polished diamonds. The Herald newspaper reports that the central bank had pumped in $1 million towards resumption of Aurex operations. This saw capacity utilization in the jewellery line leaping from less than two percent in
GJEPC Reinforces India’s Diamond Leadership at ICC Conclave
Kolkata: The Indian Chamber of Commerce (ICC) hosted the Diamond Conclave 2.0, themed “India Shining for the Global Stage,” with GJEPC as co-partner. The conclave, held in Kolkata on 30th August, brought together industry leaders, policymakers, and trade experts to deliberate on the challenges and opportunities shaping the future of India’s gem and jewellery sector. In his address, Sabyasachi Ray, Executive Director,
India Pavilion at Jewellery Show London
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC)-led India Pavilion is hosting Indian Jewellery manufacturers at the Jewellery Show London from 31st August to 1st September at Olympia London . The SELECT exhibitors, including G.C. Gems Corp, Minal Info Jewels, Steckbeck Jewellery Pvt. Ltd, Sejal Exports, Romil Jewellery, Blossom Jewels LLP, Dharam Export (India) Pvt Ltd, Shrinath Roto pack
GDP Growth Reflects Resilience of India’s Economy: Kirit Bhansali
Mumbai: India’s strong services activity has helped GDP growth comfortably beat expectations for the second quarter in a row, rising to an impressive high of 7.8% for April-June 2025. The swift growth in the first quarter of the current financial year further consolidates India’s position as the world’s fastest growing major economy. Currently the world’s fourth-largest economy, India is on
Kalyan Jewellers Launches Showroom in Dibrugarh
Mumbai: Kalyan Jewellers yesterday launched its all-new showroom at K.C Gogoi Path, Khalimari in Dibrugarh. Actor Genelia Deshmukh inaugurated the showroom, which aims to further strengthen the brand’s presence in the region. The showroom offers an array of exquisite designs from Kalyan Jewellers, featuring popular house brands such as Muhurat (Wedding Jewellery Line), Mudhra (Handcrafted Antique Jewellery), Nimah (Temple Jewellery)
