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
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NY Diamond Dealers Club Elects New Board
New York: New York’s Diamond Dealers Club has elected a new slate of officers and board members, according to a club announcement. Those elected are as follows: Reuven Kaufman, president; Israel Ashkenazy, vice-president; Abraham Einhorn, treasurer; and, Elliot Krischer, secretary. The Control Committee members are: Isaac Lesser, Charlie Oh and Ely Rosenfeld. Elected to the Board of Directors are: Moish
Rajesh Exports Bags Rs. 1,170 Crore Order From UAE
Bengaluru: Rajesh Exports Ltd. on Tuesday said the company has bagged an export order worth Rs 1,170 crore from an UAE-based company for gold and diamond-studded jewellery and medallions, according to media reports. The Bangalore-based firm said that the order is to be completed by October, which will significantly add to its bottomline. “Rajesh Exports Ltd has bagged an export
Gem Diamonds H1 Revenue Drops
London: Gem Diamonds said its revenue dropped to $118 million in the first six months of the year from $148.9 million realised a year earlier. The company said in a statement emailed to Rough & Polished that its attributable profit also dropped to $15.4 million during the same period from $19.7 million in the first half of 2014. Gem Diamonds
GSI Breaks New Ground in Star and Melee Testing
Surat: Gemological Science International (GSI, Surat), the gemological lab, has announced through an official press release that it is the first and the only laboratory in India to begin batch testing for star and melee sized diamonds using the latest state of the art technology. In response to increasing demand for FTIR services, GSI offers resourceful and cost effective testing
India Govt. Releases Special BDB Postal Stamp
Bharat Diamond Bourse (BDB), the world’s largest diamond trading exchange, proudly marks a dual milestone this year; 41 years since its incorporation and 15 glorious years of successful operations at its iconic Bandra Kurla Complex premises since 17th October 2010. To commemorate this milestone, the Department of Posts, Government of India, released a special BDB Postal Stamp recognizing the Bourse’s outstanding contribution to India’s diamond industry and global trade excellence. The
Sky Gold & Diamonds Strengthens Mangalsutra Business with Strategic Acquisition
Mumbai: Sky Gold & Diamonds Ltd., manufacturer and exporter of gold and diamond jewellery, recently announced that its wholly owned subsidiary, Starmangalsutra Pvt. Ltd., has entered into an non binding term sheet to acquire a majority stake in Shri Rishab Gold, a reputed Mumbai-based jewellery firm. The partnership marks a significant step in Sky Gold & Diamonds’ strategy to establish
Pre CIBJO Congress Report Focuses on AI
Milan: With a couple of days to go to the opening of the 2025 CIBJO Congress in Paris, France, on October 27, 2025, the tenth and the final of the pre-congress Special Reports has been released. Prepared by the CIBJO Technology Committee, chaired by Stéphane Fischler, the report focuses exclusively on artificial intelligence, looking at ways in which the greater jewellery
De Beers Brings Diamonds & Glamour to London
Mumbai: Insiders suggest a star-studded journey to London might be on the cards. But why London? Beyond its glittering reputation as a global hub for jewellery and fashion, whispers point to something far more dazzling — De Beers is set to host a major showcase in the city. This year, De Beers Group makes its grand debut at Frieze London,
