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
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
Dominion Reports 24% Drop in Sales
Toronto: Canada’s Dominion Diamond Corporation, the world’s third-largest producer of rough diamonds by value, reported a 24 percent slump in second-quarter sales amid subdued demand in Asia. The company swung to a loss as it incurred a one-time charge following the departure of its chief executive officer and an expense on account of currency depreciation. Sales in the three months
Mallikarjuna Reddy Yarabolu Named as MD of Forevermark India
London: De Beers Group has named retail veteran Mallikarjuna Reddy Yarabolu as Managing Director of Forevermark India, effective January 2026. With over 20 years of experience across fashion, retail and luxury, Yarabolu is expected to drive growth and deepen Forevermark’s presence in the evolving Indian jewellery market. De Beers Group has announced the appointment of Mallikarjuna Reddy Yarabolu as Managing
Cautious Optimism to Prevail Over the Industry in 2026
Mumbai: (By Akash Talesara): As someone closely associated with the diamond and jewellery industry, I view 2025 as a year of stabilization, recalibration and disciplined execution. While the sector demonstrated resilience across key markets, certain external factors, particularly trade-related developments had a tangible impact on overall performance. Performance in 2025: The year 2025 was largely characterized by consolidation and gradual recovery.
BIS Initiative to Strengthen Consumer Confidence
Mumbai: As India rapidly emerges as one of the world’s most important jewellery consumption markets, the need for transparency and consumer confidence has never been more critical. Valued at approximately US$80–85 billion in FY24, the Indian jewellery sector is projected to grow to US$225–245 billion by FY35, underscoring the scale and momentum of domestic demand. Within this broader growth, diamond
Overall Outlook Remains Positive for Gold & Silver in 2026
Mumbai: The All India Gem & Jewellery Domestic Council (GJC) has issued its annual review of the bullion market, highlighting the extraordinary rally in gold and silver during 2025, which has pushed both metals to record or near-record highs by December and the factors driving this surge. The sharp rally in gold and silver witnessed this year is the result
