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 $2 million and barring the
Top News
Ranbir-Kat Seal Their Love with Platinum
Mumbai: The grapevine is buzzing across Bollywood with rumours of the current “IT” Couple Ranbir Kapoor and Katrina Kaif, who have recently sealed their bond of love with a platinum ring by Van Cleef & Arpel. Platinum rings are a popular choice amidst celebrity stars across the world, from Superstar George Clooney to sexy sirens Jessica Biel, Drew Barrymore, all
India’s Rough Imports Down 11% in June
Mumbai: Exports of gems and jewellery from India during June 2015 were down by 1.67% as compared to a year earlier due to weak global demand for diamonds and jewellery in almost all major markets. Total exports of gems and jewellery during the month stood at US$ 2,912.85 million as compared to US$ 2,962.42 million in June 2014, figures by
Zimbabwe Faces More State Assets Seizure Abroad
Harare: Zimbabwe faces more economic woes, including having its assets abroad seized, after cash-strapped State mining company, Zimbabwe Mining Development Corporation (ZMDC), lost the latest installment of a long-drawn legal case, at the centre of which is compensation for a lost concession by Mauritian Mining Company Amari Holdings, reports newsdzezimbabwe.co.uk. This follows the International Court of Arbitration’s (ICA) ruling that
Lucara's July Rough Tender Achieves $69M
Gaborone: Lucara Diamond Corp.’s July tender of exceptional stones achieved $68.7 million, or $41,028 per carat. The tender featured 14 single stone lots from Karowe production, all of which were sold. A 341.90-carat, type IIa rough diamond sold for $20.6 million and a 269.70-carat stone sold for $16.5 million. In all, 12 diamonds fetched prices above $1 million. William Lamb,
Surat to Have India's First Diamond SEZ Soon
Surat: The State of Gujarat in India is now proposing to set up a SEZ (Special Economic Zone) exclusively for diamonds in Surat, possibly the first of its kind in India. According to Gujarat’s Finance Minister Saurabh Patel, the SEZ will be set up in a month or two, as reported in Economic Times. The state government is keen that
India, China Sign MoU on Gem Trade
Jaipur: The gemstone councils of China and India recently signed a memorandum of understanding (MoU) to help facilitate seamless jewellery trade between the two countries, the Times of India reported. The MoU was inked between India’s Gems and Jewellery Export Promotion Council (GJEPC) and China Gems Centre (CGC) on the sidelines of the Jewellers Association Show in Jaipur. Panyu City Vice
International Diamond Week Postponed
Ramat Gan: The Israel Diamond Exchange announced today it is postponing the summer edition of the Israel Diamond Week, originally scheduled for September 1-4. The exchange quoted the continuing tensions in the region as the chief reason for the postponement. In a statement IDE President Shmuel Schnitzer said that “in view of the recent events in our region, the board
Limited-Edition Gold and Diamond Ingots for Sale
Toronto: Ouroboro Diamonds of Rare Color has announced the release of the “Oro,” a limited-edition gold and diamond ingot. The “Oro” is made from one troy ounce of 24-karat (99.99% or .9999) pure yellow gold. Each ingot has a round, brilliant-cut, D-color, Internally Flawless diamond of at least 0.25 carats – certified by the GIA – embedded at its center.
