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
Ronnie VanderLinden Re-elected President of DMIA
New York: The membership of the Diamond Manufacturers & Importers Association of America (DMIA) held its second annual General Meeting of the year on August 5th, electing a new Executive Board and Board of Directors. The incumbent President Ronnie VanderLinden was re-elected. He is joined on the Executive Board by Vice Presidents Saul Goldberg, Eli Haas, Fred Knobloch, Sheldon Kwiat
World Diamond Council's AGM in Moscow
Moscow: The World Diamond Council (WDC) will hold its Annual General Meeting (AGM) in Moscow, Russia this year from October 12 to October 14. The AGM will start with one of two sessions of the WDC Board of Directors on the afternoon of Monday, October 12. A number of high profile speakers are expected to address the opening session on
IIJW Ended with Grand Finale
Mumbai: The fabulous India International Jewellery Week 2015 powered by GIA came to a glorious end with the dual Grand Finales, which featured the superb collection by the Thai Gem and Jewellery Traders Association as well as the “Best of the Best Show”. Stylized chandeliers hung from the ceiling of the ballroom at the Hotel Grand Hyatt, and a black
India is Key Market for Gemfields: Dev Shetty
Mumbai: Gemfields, the world’s leading supplier of responsibly sourced coloured gemstones, conducted a research project in collaboration with Drshti Strategic Research Services Pvt. Ltd, in order to understand attitudes towards colour gemstones in India. The research was conducted with SEC A female participants, aged 18 – 64, across eight key markets. Around 19% of the interview participants own jewellery with
IDW in New York– Unique Diamond Sourcing Opportunity
Ramat Gan: The third edition of the Israel Diamond Week in New York, to be held November 10-13, 2014, is the last-stop-station for diamond buyers toward the holiday season, and, in the words of Reuven Kaufman, President of the Diamond Dealers Club of New York (DDC), “a grand opportunity to stock up on polished diamonds” The event, held on the
Zimbabwe’s Diamonds Seized in Belgium
Harare: Zimbabwe risks losing 45 million U. S. dollars diamond revenue from Belgium after a South African company sued for wrongful cancellation of its platinum mining agreement with a Zimbabwe state mining firm in 2010, state media reported Thursday. Zimbabwe began trading its diamonds in Antwerp in November last year after the European Union lifted sanctions on the Zimbabwe Mining
EGL Int’l: No Single Diamond Grading Standard Exists
Ramat Gan: There is no single international standard for diamond grading, said Israeli lab EGL International in a statement in response to recent actions by trading networks. “With regard to the Rapaport Group’s decision to delist diamond grading reports of EGL and that it views GIA as the industry standard…the use of the term standard suggests that such a standard
Global Diplomats Tour Antwerp’s Diamond Sector
Antwerp: On Wednesday, 150 diplomats descended upon Antwerp. In the context of the Diplomatic Day, organized by the City of Antwerp, they visited the Antwerp World Diamond Centre. Diamond Office, the beating heart of AWDC, attracted a lot of interest. Just like diamonds, diplomats travel around the world. Wherever they go, they transmit their knowledge. As diamonds are one of
