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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Mellier: Sustainable Returns Are Key To Investment
Tel Aviv: Addressing the second day of the World Federation of Diamond Bourses (WFDB) and International Diamond Manufacturers Association (IDMA) Presidents meeting in Tel Aviv earlier yesterday, Philippe Mellier, Chief Executive, De Beers Group, said that sustainable returns across the diamond pipeline are the key to investment to underpin further growth. “Diamantaires need to make sustainable returns so they can
Mystery Diamond Treatment Also Found at IGI
New York: The previously unknown treatment that temporarily boosts a diamond’s color has also been discovered on diamonds submitted to the Antwerp branch of the International Gemological Institute (IGI), according to a report being released in Israeli newsletter Diamond Intelligence Briefing. On May 13, GIA said it suspected that as many as 500 stones had been treated with a mystery
Botswana Invites Bids for New Diamond Licenses
Gaborone: Botswana’s Ministry of Minerals, Energy and Water Resources through the Department of Mines on Monday invited interested companies or individuals to apply for precious stones prospecting licenses in the Orapa Kimberlite Field. In a statement, the ministry says areas to be applied for have been divided into six blocks covering some known kimberlites in the Orapa-Letlhakane area in eastern
CPAI Asks to Increase Gold Purity Testing Centres
New Delhi: The Commodity Participants Association of India (CPAI) on Monday asked the Indian Government to increase the gold purity testing centres from 350 at present to 3,500 under the Gold Monetization Scheme (GMS), reports Busines Standard. It also suggested that the interest rate for the gold deposit scheme should be “decided in a manner that it is neither be
Candere Unveils New Store in Panvel
Mumbai: Candere, the lifestyle jewellery brand by Kalyan Jewellers, has further expanded its presence in Mumbai with the launch of its 7th store in the city, located in Panvel, Navi Mumbai. With this addition, Candere now operates 77 stores across India, reflecting its commitment to bringing distinctive jewellery collections to a wider audience in the region. This expansion marks a
GJEPC Organizes INNOVNXT 40 UNDER 40
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has organized INNOVNXT 40 UNDER 40 SESSION on 25th June. It is an initiative by GJEPC to recognize and celebrate 40 young innovators in the jewelry industry, under the age of 40, who are driving growth through new-age marketing techniques and adaptability. The program aims to foster industry growth by equipping the
WFDB Praises Luanda Accord to Support Natural Diamonds
Antwerp: The World Federation of Diamond Bourses expressed full support for the Luanda Accord, the agreement reached last week among major diamond-producing countries and trading centers to fund the promotion of natural diamonds, in a meeting in Luanda, Angola. All the signing parties have agreed to contribute 1% of the annual revenue they generate from rough diamonds to the Natural Diamond
GIA Appoints Pritesh Patel as President & CEO
Mumbai: The Board of Governors of the Gemological Institute of America, Inc. (GIA) has named Pritesh Patel, currently GIA’s Chief Operating Officer, as the Institute’s President and Chief Executive Officer, effective August 4, 2025, according to a press release. Mr. Patel succeeds Susan M. Jacques, GIA’s President and CEO since 2014, who will continue at GIA as a strategic advisor
