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 $2 million and barring the
Top News
Dubai Banks Facing Major Jewelry Loan Default
Dubai: Officials of 15 banks met in Dubai on Wednesday to discuss growing concerns over the financial health of a (as yet unidentified) major jewelry chain which owes an estimated Dh550 million (US$ 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.
IDE Mulls Creating Large Diamond Factory
Ramat Gan: The Israel Diamond Exchange (IDE) is considering opening a manufacturing plant for the polishing of large diamonds, according to information posted on its website. The IDE’s Industry Committee has invited members of the bourse to a discussion of the facility on September 7. Plans calls for converting 400 square meters of currently unused space into a factory. The
Lukson Opens its 10th Exclusive Store in Bandra
Mumbai: Lukson, one of India’s fastest-growing lab-grown diamond jewellery brands and the D2C arm of the 34-year-old JK Star Group, announced the opening of its 10th exclusive retail store in Bandra, Mumbai, one of India’s most coveted fashion, luxury, and lifestyle destinations. The milestone opening marks a significant chapter in Lukson’s rapid retail expansion and reinforces the brand’s commitment to making
JGA 2026 Opened in Hong Kong
Hong Kong: Nearly 1,100 exhibitors from around 30 countries and regions have gathered at the Hong Kong Convention & Exhibition Centre to showcase their latest collections to international buyers at Jewellery & Gem ASIA Hong Kong (JGA) 2026, which runs until Sunday, June 21, 2026. Organised by Informa Markets Jewellery, Asia’s No.1 mid-year B2B jewellery buying destination brings together two co-located
IFSCA Permits GJEPC RCMC Holders to Import Gold, Silver Through IIBX
Mumbai: The International Financial Services Centres Authority (IFSCA), the unified regulator overseeing financial activities in GIFT City, has accepted key recommendations made by the Gem & Jewellery Export Promotion Council (GJEPC), allowing holders of a valid Registration-cum-Membership Certificate (RCMC) to access bullion imports through the India International Bullion Exchange (IIBX). Under a revised circular issued on 15 June 2026, valid
A Webinar on IIBX Gold Supply Mechanism
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), in association with IIBX, is organizing a webinar on “IIBX Gold Supply Mechanism for GJEPC Members and SEZ Units” on 19th June 2026 to provide insights into the gold procurement framework through the India International Bullion Exchange (IIBX). The webinar is scheduled from 3 pm onwards. Mr. Ashok Kumar Gautam, MD
