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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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De Beers Unveils Winners of Shining Light Awards
Johannesburg: The winners of the 18th Shining Light Awards were announced last night in a spectacular grand finale held in the Circa Gallery in Johannesburg, South Africa. The prestigious jewellery design competition, sponsored by The De Beers Group of Companies, showcases young talent from Botswana, Namibia and South Africa. The competition is open to current students, as well as those
Mining Companies Discuss SNZ issues with India
Mumbai: A senior official of the Ministry of Commerce & Industry, Mr. Siddharth, DG, DGS&D held a meeting with delegations from De Beers, Rio Tinto and Dominion Diamond in the presence of representatives of the GJEPC and BDB on July 6, 2015 to discuss certain issues pertaining to taxation, procedures and other matters related to the Special Notified Zone for
Zimbabwe Q1 Diamond Output Plummets
Harare: Zimbabwe’s diamond output dropped 36 percent to 419 788 carats in the first quarter of the year from 660 000, a year earlier. The Herald newspaper reports that weak production was expected to continue in the “short term” as alluvial diamonds in Marange were “fast depleting”. Zimbabwe sold rough diamonds worth $75,92 million in the five months to May
Gahcho Kué Diamond Mine 62 Percent Complete
Toronto: Mountain Province Diamonds Inc. announced that development of the Gahcho Kué diamond mine is progressing according to plan and budget with the overall project approximately 62 percent complete at the end of May, 2015. Key areas of focus are continued dewatering to expose the kimberlites, the placement of concrete foundations and the erection of steel superstructures of the major
GJEPC Reinforces India’s Diamond Leadership at ICC Conclave
Kolkata: The Indian Chamber of Commerce (ICC) hosted the Diamond Conclave 2.0, themed “India Shining for the Global Stage,” with GJEPC as co-partner. The conclave, held in Kolkata on 30th August, brought together industry leaders, policymakers, and trade experts to deliberate on the challenges and opportunities shaping the future of India’s gem and jewellery sector. In his address, Sabyasachi Ray, Executive Director,
India Pavilion at Jewellery Show London
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC)-led India Pavilion is hosting Indian Jewellery manufacturers at the Jewellery Show London from 31st August to 1st September at Olympia London . The SELECT exhibitors, including G.C. Gems Corp, Minal Info Jewels, Steckbeck Jewellery Pvt. Ltd, Sejal Exports, Romil Jewellery, Blossom Jewels LLP, Dharam Export (India) Pvt Ltd, Shrinath Roto pack
GDP Growth Reflects Resilience of India’s Economy: Kirit Bhansali
Mumbai: India’s strong services activity has helped GDP growth comfortably beat expectations for the second quarter in a row, rising to an impressive high of 7.8% for April-June 2025. The swift growth in the first quarter of the current financial year further consolidates India’s position as the world’s fastest growing major economy. Currently the world’s fourth-largest economy, India is on
Kalyan Jewellers Launches Showroom in Dibrugarh
Mumbai: Kalyan Jewellers yesterday launched its all-new showroom at K.C Gogoi Path, Khalimari in Dibrugarh. Actor Genelia Deshmukh inaugurated the showroom, which aims to further strengthen the brand’s presence in the region. The showroom offers an array of exquisite designs from Kalyan Jewellers, featuring popular house brands such as Muhurat (Wedding Jewellery Line), Mudhra (Handcrafted Antique Jewellery), Nimah (Temple Jewellery)
