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”),
SBI Formalises Policy to Finance LGD Manufacturers
Mumbai: State Bank of India (SBI) is the first Indian lender to frame a policy to fund manufacturers (cutters & polishers) of lab-grown diamonds (LGDs) that are replicas of naturally mined stones. LGDs are often looked at with suspicion by high-street banks and scoffed at by many traditional diamantaires, says a report in Economic Times. Reflecting the slow shift in
IIJS Premiere 2022 Ended with Record Success
Mumbai: The Gem & Jewllery Export Promotion Council’s (GJEPC) flagship show IIJS Premiere held from 4th to 8th August in Mumbai saw a record number of visitors which will generate business worth Rs. 50000 Crore to exhibitors in the coming 4 – 6 months. The event was inaugurated on 4th August by Ms. Hema Malini, Member of Parliament, along with
Get-Diamonds Reports Significant Growth in Users
Antwerp: Get-Diamonds, the diamond trading platform of the World Federation of Diamond Bourses (WFDB) and the world’s only non-profit e-commerce site, reported a significant increase in the number of registered and active users on the site during the first seven months of this year. According to Google Analytics, during January to July 2022 Get-Diamonds showed a 34% rise in new users
HRD Antwerp Design Awards Make Come Back
Antwerp: Since 1985, every two years, young and innovative designers get the opportunity to compete in the biggest jewelry design contest worldwide. But it has been in 2017 that this prestigious competition held its live red carpet nal event. This year, HRD Antwerp decided, for its 18th edition, to come back and re-invent itself under the high patronage of CIBJO
