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
Belgium's Polished Diamond Exports -16% in May
Antwerp: Belgium’s polished diamond exports dropped 15.5 percent year on year to $1.061 billion in May, according to data provided by the Antwerp World Diamond Centre. By volume, polished exports slipped 12.5 percent to 486,639 carats. Polished imports fell 14.8 percent to $863.5 million, leaving net exports down 18.6 percent at $197.3 million. Rough imports fell 6.7 percent to $1.1
Zimbabwe Sells 1,4 Million Carats of Rough
Harare: Zimbabwe sold 1,4 million carats of rough diamonds worth $75,92 million from local tender sales in the first five months of the year, data received from the Minerals Marketing Corporation of Zimbabwe (MMCZ) shows. During the five months to May 5, a total of 1 410 446,44 carats of rough diamonds were sold for $75,9 million. March sales, which
Rough, Polished Diamond Prices Mismatch
Gaborone: Botswana minister said the current mismatch in rough and polished diamond prices has resulted in weak demand for gems. The country’s Ministry of minerals, energy and water resources Onkokame Kitso Mokaila told delegates at the annual Botswana Resource Sector Conference in the capital, Gaborone that the downstream diamond sector had been recording squeezed margins. Diamond cutter Teemane manufacturing indicated
Antwerp Reveals Very Little About Carat Tax
Antwerp: During the course of the past couple of months many theories have emerged about Belgium’s pending “Carat Tax.” This new fiscal law, which if approved by the European Commission, would tax diamond firms’ turnover at 0.55 percent rather than taxing profit, as is the case now, and, so surmises local diamond leaders, create a more level financial playing field
The Platinum BSM Sparks Fresh Thinking
Kochi: Platinum Guild International (PGI) India recently concluded the 2025 edition of its annual Platinum Buyer-Seller Meet (BSM) on a high note in Kochi, bringing together leading industry voices right from key manufacturers to major jewellery retail partners from across the country. The event hosted at the Grand Hyatt, Kochi, brought together 60 retailers & 14 manufacturers, making it one
Tabu Inaugurates Kalyan Jewellers’ Showroom in Mumbai
Mumbai: Kalyan Jewellers yesterday launched its all-new showroom at Phoenix Marketcity, Mumbai. Bollywood Actor Tabu inaugurated the showroom, which features an extensive range of designs from various collections of Kalyan Jewellers. Addressing the crowd, Tabu said, “I am delighted to be here today for the inauguration of the new Kalyan Jewellers showroom. It is a privilege to represent Kalyan Jewellers,
The ‘Game-Changer Move’ for India’s G&J Sector
Mumbai: India and the United Kingdom formalized a landmark Free Trade Agreement (FTA) on Thursday after years of negotiations. Officially titled the Comprehensive Economic and Trade Agreement (CETA), the deal is designed to significantly enhance bilateral trade and investment, with both nations aiming to double trade volume from the current $56 billion to over $100 billion by 2030. The CETA
GJSCI Celebrates 13th Foundation Day
Mumbai: series of events unfolded on this day at GJSCI worth sharing. It was GJSCI’s 13th Foundation Day along with Long Service Award distribution, JOSH Convocation Ceremony and Recognition of Centre of Excellence to IIGJ Delhi. On this auspicious occasion a ceremony was organized where the Chief Guest at the event were Mr. Dnyaneshwar B. Patil, IAS, Development Commissioner, SEEPZ-SEZ;
