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
Gujarat Hira Bourse Denotified as SEZ
Surat: The Gujarat Hira Bourse (GHB) project in Surat has been denotified as a Special Economic Zone, according to a decision taken by the Ministry of Commerce, Government of India recently, reports gjepc.org. The notification from the ministry, signed by Dr. Guruprasad Mohapatra, Jt Secy, Department of Commerce, has rescinded an earlier government order of 2007 under which the bulk
Gemfields Acquires 2 Emerald Projects in Colombia
Mumbai: Gemfields plc (AIM: GEM), the world’s largest producer of coloured gemstones, has entered into binding agreements to acquire controlling interests in two emerald projects with operations and prospects located predominantly in the Boyacá state in Colombia. Highlights Project 1: Coscuez Emerald Mine, Boyacá Department, Colombia Conditional acquisition of a 70% interest in a Colombian company which will, on completion,
WPIC Revises Platinum Deficit Forecast
Johannesburg: A sharp rise in investment demand for platinum in the second and third quarters of this year has prompted the World Platinum Investment Council (WPIC) to widen its platinum deficit forecast for 2015 to 445 000 oz, compared with the previously forecast 190 000 oz deficit, reports Mining Weekly. The deficit would, however, be lower than the 785 000
IIDGR to Launch Melee Screening Machine for India
Gaborone: The De Beers Group of Companies has today announced that its International Institute of Diamond Grading & Research (IIDGR) will launch a new low cost, high volume synthetic melee screening and referrals testing service in India in October 2015. The new service will use IIDGR’s proprietary technology to support the wider Indian industry in the detection of undisclosed synthetic
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
