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
Rio Tinto Diamond Production +18% in H1 2015
Perth: Rio Tinto recently announced that diamond production for the first half of 2015 increased 18 percent compared to the same period of 2014 – 8,851,000 carats compared to 7,482,000 carats last year. The company said the increase was due to higher volumes recovered at the Argyle mine in Australia due to the continued ramp up of production from the
IIJS 2015 Inaugurated in Mumbai
Mumbai: The 32nd edition of India International Jewellery Show (IIJS) was inaugurated on Monday at Mumbai’s Bombay Convention Centre, by Chief Guest Mrs. Rita Teaotia, India’s Commerce Secretary, accompanied by the Guest of Honour Mr. Paul Rowley, Executive Vice President of De Beers (Global Sightholder sales), Chairman of India’s Gem & Jewellery Export Promotion Council (GJEPC) Mr. Vipul Shah and
BDB Suspends Suspected Members
Mumbai: The Bharat Diamond Bourse (BDB) suspended the membership of VSM Diamonds Private Limited and a number of individuals connected to the firm after finding that they had traded synthetic diamonds without making proper disclosures. Consequently, the individuals affiliated with the company, and any one representing their interests, are now banned from entering the bourse and trading in it. The
GIA Introduces Digital-Only Grading Report
New York: The Gemological Institute of America (GIA)’s grading lab has introduced the Diamond Focus Report, a new digital-only report for smaller diamonds that costs around $20. The reports will be issued for natural D-to-Z color round brilliants, weighing between 0.15 cts. and 0.29 cts. They will be issued with a GIA laser inscription with their report number. The results
Gaston to Acquire 100% Ownership of Lucapa Diamond
Dubai: Gaston International DMCC (“Gaston”), part of Jemora Group, has announced that it has entered into a binding term sheet (the “Binding Term Sheet“) with Richard Tucker and Paul Pracilio (“Administrators”) of Lucapa Diamond Company Limited (“Lucapa”), an ASX-listed company, for a Deed of Company Arrangement (“DOCA”) contemplating the acquisition of all issued shares of Lucapa by Gaston (the “Transaction“).
16% Surge in India’s G&J Exports in July 2025
Mumbai: The Indian gem and jewellery industry is witnessing signs of revival, with July exports delivering a much-needed boost amid the lingering impact of US tariffs. A robust 15.98% growth in overall exports, a sharp rebound in cut and polished diamond exports to Hong Kong, and strong order bookings from IIJS Premiere 2025 have infused optimism ahead of the festive
De Beers & Endiama Discover New Kimberlites in Angola
Luanda: De Beers Group, together with Angola’s national diamond company, Endiama, yesterday announced a significant step forward in their joint exploration efforts with the discovery of kimberlite, the host rock for diamonds, in Angola. In July 2025, the De Beers-Endiama joint venture successfully intersected kimberlite in its first drill hole into a high-priority cluster of targets, identified from the airborne
GJEPC Unveils Bold & New Initiatives
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) announced major initiatives that reflect the Council’s commitment to innovation, digital transformation, and national pride. During the recently concluded IIJS Premiere 2025, Mr. Nirav Bhansali, Convener – National Exhibitions, GJEPC and Mr. Sabyasachi Ray, Executive Director, GJEPC, gave a lowdown on the new projects aimed at elevating India’s position in the
