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
Take Blood Donation Pledge on Jeweller’s Day
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) is calling upon every citizen to take a Blood Donation Pledge on Jeweller’s Day and actively participate in blood donation drives that will follow, in honour of the skilled craftsmen who are the backbone of India’s gem and jewellery industry. This initiative reflects the industry’s deep commitment to social responsibility and
Elton John Reveals Golden Moments of His Life
Mumbai: The World Gold Council (WGC) has unveiled a new documentary, ‘Touched by Gold’, a powerful exploration of gold’s enduring influence on culture, creativity, and society, told through the voice and life stories of Elton John. Touched by Gold charts his pervasive connection to gold, granting audiences an exclusive look at his personal archive and revealing the intimate ways gold
Mumbai Gold Entities to Elevate Industry Standard in India
Mumbai: The dynamically growing Indian gold industry has a new custodian created by the gold industry, for the gold industry. The Indian Association for Gold Excellence and Standards (IAGES), a Self-Regulatory Organization (SRO) is all set to implement the framework for the current gold ecosystem by promoting fair, transparent, and sustainable practices under a strict Code of Conduct outlining the
Gemfields Generates $32 Mln. from Emerald Auction
London: Gemstone miner Gemfields generated $32 million in revenue from an auction of high-quality rough emeralds sourced from its 75%-owned Kagem mine in Zambia. The auction, held from August 25 to September 11, saw all 38 lots successfully sold at an average realised price of $160.78/ct. Among the highlights was an exceptional 11 685 ct gemstone, named Imboo (meaning “buffalo”),
BVC Launches MarketSHIP to Secure Marketing Trips
The industry currently operates by traveling to a new city & carrying goods in a taxi while going door-to-door to new clients, and there are high risks undertaken, and an insurance claim challenge due to low limits for traveling salespersons. BVC has launched a door-to-door solution, wherein they will pickup from the origin, securely ship it to the destination, and
De Beers’ Sightholder Sales Relocate to Gauteng
Johannesburg: The De Beers Group announced on Monday, 12 December, that it would be relocating its Sightholder Sales activities in South Africa from Kimberley to Johannesburg following a review of its sorting activities in South Africa. The relocation also supports the government’s strategy to consolidate the country’s mineral beneficiation sector into one area at the Gauteng Industrial Development Zone, close
De Beers Nets $410 mln. from 10th Sales Cycle
Gaborone: Anglo American plc, the parent company of De Beers, said the diamond miner provisionally netted $410 million at its tenth sales cycle of 2022 versus $454 million realized from the previous nineth sales cycle. Owing to the restrictions on the movement of people and products in various jurisdictions around the globe, De Beers Group has continued to implement a
Shailesh Jhalani Elected as New President of IDCA
New York: The Indian Diamond & Colorstone Association (IDCA) has elected Shailesh Jhalani to succeed the outgoing Rajeev Pandya as president. Jhalani, the owner of Prompt Gem Importers and the former vice president of the group, was voted in as president at the New York election on December 8, the IDCA said last week. Members chose Vinit Jobanputra of Sanghavi
