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
Diamond Producers Association to be Formed
London: Seven of the world’s leading diamond mining companies yesterday announced their commitment to form the Diamond Producers Association (DPA). The founding members – ALROSA, De Beers, Rio Tinto, Dominion Diamond Corporation, Lucara Diamond Corporation, Petra Diamonds Ltd, and Gem Diamonds Ltd will work together to support the development of the diamond sector. The DPA is the first ever international
Lucara to Hold First Exceptional Stone Tender of '15
Gaborone: Lucara Diamond Corp. has announced its first Exceptional Stone Tender of 2015. Viewing will take place in Gaborone from July 6 until July 16. The tender will be lead by the sale of the 342-carat diamond, recovered from the Karowe Mine in April last year. The company said that up to 16 diamonds will be sold on tender, including
Diamondcorp Loss Widens, Mining Starts at Lace
London: DiamondCorp said its loss for the year ended December, 31, 2014 widened to £3.25-million from £2.61 million a year earlier. The loss included administrative expenses of £1.6-million which have, however, fallen for the third year in a row as a result of “careful” attention to cost control, the company said in a statement. Cash on hand at 31 December
ALROSA Cut Rough Diamond Prices By 2-3%
Moscow: ALROSA reduced diamond prices to long-term customers by 2-3 percent during the trading session in May, according to the representative of the Indian diamantaire Rosy Blue in Russia Ashot Badalyan cited by Interfax. The required level of procurement (selection limit) remained at the same 90 percent, customers may defer only 10% of their monthly norm of diamond purchases, he
BDB Shines at Secure India Summit 2025
New Delhi: The Bharat Diamond Bourse (BDB) has been shortlisted and ultimately crowned the Winner of the Safe and Secure Corporate of the Year 2025 Award. The event was organized by the Times Group at the inaugural ‘Secure India Summit 2025’ at the iconic Bharat Mandapam, New Delhi. This incredible achievement underscores BDB’s unwavering commitment to maintaining the highest standards
WGC Launches “The Moment is Gold” Campaign
Mumbai: The World Gold Council (WGC) yesterday unveiled its new gold jewellery campaign in India. ‘The Moment is Gold’ campaign aims to enhance the relevance and aspiration of gold jewellery amongst Gen Z and Millennials. The campaign showcases gold jewellery as an integral part of everyday moments and fosters a deeper emotional connection with gold, while positioning it as a
The Next Chapter in India’s Timeless Diamond Story-GA Demands
Mumbai: India’s diamond industry has seen better days. With rising costs, delayed deals, and fewer opportunities, many traders are struggling to keep pace. But a change is here. GA Demands, a mobile-first app built by Indian traders, for Indian traders, is helping the diamond market bounce back — by giving users more control, zero commission fees, and smarter technology to
Countdown Begins for SAJEX Show
Jeddah: Saudi Arabia is gearing up for the year’s most-awaited B2B Gem and Jewellery Show ‘SAJEX’. The show which begins from 11th to 13th September at Jeddah Superdome, promises an exquisite showcase of jewellery from around the world by 100+ top Jewellery Manufacturers. A 3-day visual extravaganza is waiting to unfold. The show powered by INTERNATIONAL GEMOLOGICAL INSTITUTE (IGI) and
