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 $2 million and barring the
Top News
Alrosa Diamonds worth Millions Disappear
Moscow: Four uncut diamonds have disappeared while being held at the State Precious Metals and Gems Repository (Gokhran) for sorting, Kommersant daily newspaper reported on Thursday, citing unidentified sources in the industry. The precious stones were part of a bigger batch of diamonds submitted to Gokhran by Severalmaz mining company that extracts diamonds at a large mine in the northern
Dubai Banks Facing Major Jewelry Loan Default
Dubai: Officials of 15 banks met in Dubai on Wednesday to discuss growing concerns over the financial health of a (as yet unidentified) major jewelry chain which owes an estimated Dh550 million (US$ 150 million) to them and has allegedly defaulted on payments, banking and industry sources told Gulf News. Some banks are planning to lodge a formal complaint of
Antwerp Remains Important Rough Trading Hub
Antwerp: Antwerp is still the most important rough diamond trade hub in the world. This is according to the 2014 annual figures from the Kimberley Process Certification Scheme, which monitors and maps out diamond production and distribution worldwide. The figures also reveal that the Antwerp rough diamond traders’ profit margins are under duress, with an average profit margin of 1%.
Gem-A Announce Council Election Results
London: The Gemmological Association of Great Britain (Gem-A) has announced the results of its hotly contested election for seats on the Association’s Council, following a vote held at a reconvened AGM on Wednesday 26 August. The newly formed Council is comprised of a number of dedicated and long-standing Members of the Association with a diverse range of skills and experiences.
Celebrate Onam with Platinum Jewellery
Mumbai: Onam is a season defined by abundance — of joy, togetherness, and new beginnings. It is a time when choices reflect thoughtfulness, where compromise feels out of place. For jewellery that carries this spirit, platinum stands apart: a metal of unmatched rarity and preciousness, offering value beyond compare through its high purity standards, longevity, modern design language, and uniquely
Gemfields Offers 11,685 Ct. ‘Buffalo’ Emerald for Auction
London: Gemfields has unveiled a colossal emerald weighing 11,685 carats, discovered at its 75%-owned Kagem mine in Zambia. Named Imboo, meaning buffalo in the local Bemba and Lamba dialects, the gemstone is the largest of several extraordinary emeralds unearthed at Kagem, already famed for record-breaking finds. The emerald will be sold at Gemfields’ auction running until Sept. 11. “Even under the beam
Rashmika Mandanna Appointed India Brand Ambassador of Swarovski
Mumbai: Swarovski proudly announces actor Rashmika Mandanna as its new Brand Ambassador for India, marking a milestone for the Austrian luxury house as it strengthens its presence in one of its fastest-growing markets. India, a vibrant market with a deep affinity for jewelry and self-expression, continues to play a pivotal role in Swarovski’s global growth story. With her pan-India appeal,
De Beers Report Highlights Progress in Key Areas
London: De Beers Group today published its 2024 sustainability report, highlighting significant progress across its key focus areas of climate, livelihoods, nature and provenance. These areas were identified as the priorities for De Beers Group’s sustainability work as part of a mid-term review of the Group’s Building Forever sustainability framework initiated last year. During the course of 2024, De Beers
