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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India’s G&J Ind. Bids Farewell to Kobbi Shoshani
Mumbai: Bharat Diamond Bourse ( BDB) & Gem & Jewellery Export Promotion Council (GJEPC) bade a warm farewell to Mr. Kobbi Shoshani, Consul General of Israel. During his tenure, Mr. Shoshani has been more than a diplomat—he has been a true ambassador of friendship. His leadership, vision, and unwavering commitment have strengthened the bonds between Israel and India, creating relationships
Celebrate Onam with Platinum Jewellery
Mumbai: Onam is a season defined by abundance — of joy, togetherness, and new beginnings. It is a time when choices reflect thoughtfulness, where compromise feels out of place. For jewellery that carries this spirit, platinum stands apart: a metal of unmatched rarity and preciousness, offering value beyond compare through its high purity standards, longevity, modern design language, and uniquely
Gemfields Offers 11,685 Ct. ‘Buffalo’ Emerald for Auction
London: Gemfields has unveiled a colossal emerald weighing 11,685 carats, discovered at its 75%-owned Kagem mine in Zambia. Named Imboo, meaning buffalo in the local Bemba and Lamba dialects, the gemstone is the largest of several extraordinary emeralds unearthed at Kagem, already famed for record-breaking finds. The emerald will be sold at Gemfields’ auction running until Sept. 11. “Even under the beam
Rashmika Mandanna Appointed India Brand Ambassador of Swarovski
Mumbai: Swarovski proudly announces actor Rashmika Mandanna as its new Brand Ambassador for India, marking a milestone for the Austrian luxury house as it strengthens its presence in one of its fastest-growing markets. India, a vibrant market with a deep affinity for jewelry and self-expression, continues to play a pivotal role in Swarovski’s global growth story. With her pan-India appeal,
Bitcoin Tech Used to Combat Diamond Fraud
London: A new fraud detection company called Everledger is utilizing Bitcoin blockchain technology to prevent insurance fraud. How will they do it? The company focuses on 40 metadata points in addition to the 4Cs (color, cut, clarity and carat weight) that identify a diamond. Laboratory houses digitize a diamond on the basis of these parameters and Everledger then takes the
World’s 1st Electronic Exchange for Diamond Market
Singapore: Singapore Diamond Investment Exchange Pte Ltd (SDiX) announced recently the upcoming launch of the world’s first commodities exchange in physically settled diamonds in Singapore, targeted to go ‘live’ in September 2015. The SDiX platform, the first of its kind globally, will utilize proven exchange technology to create a new marketplace for the global diamond trade, and is designed to
Namibia Establishing New Sales-Marketing Co.
Windhoek: Namibia is setting up new diamond sales and marketing company, according to reports in the Namibian press. The new company is called /Nore /Uis and was revealed by the country’s Minister of Mines and Energy Obed Kandjoze, reported New Era. The move follows a change in the sales and marketing agreement between the Namibian government and De Beers, which
The Top 10 Wealthiest Jewellers in India
Mumbai: T. S. Kalayanaraman, the chairman and managing director of Kalyan Jewellers, claimed the top spot on a Wealth-X list of India’s wealthiest jewellers released today with a personal fortune of US$1.3 billion. Kalayanaraman opened his first jewellery shop in Thrissur City in 1993 with only US$100,000 of capital, and his business has since expanded to 32 showrooms across South
