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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Marange Diamonds Have ‘Dramatically Shrunk’
Harare: A Zimbabwean cabinet minister has claimed that the country’s Marange diamonds have effectively run out. Information minister Jonathan Moyo said the country should wake up to the reality that the diamonds had dried up. “Diamond revenues from alluvial diamond mining have dramatically shrunk. We now need to come terms with this reality,” said Moyo in response during an interface
Hope Budget to be Industry Friendly: Sachin Jain
Mumbai: Mr. Sachin Jain, President of Forevermark India, on the expectations for the Gems and Jewellery industry from the upcoming budget says: “The gems and jewellery sector makes a significant contribution to the country’s overall economy. Just like there were high expectations from last year’s budget this year too, the fraternity is looking for a positive outcome from the budget.
Flooding of Synthetic Diamonds Upsets De Beers
Gaborone: De Beers has decried the flooding of synthetic diamonds in the industry, which it says was threatening long-term sustainability of the industry. The group’s head of strategy and corporate affairs Bruce Cleaver was quoted by APA as saying that the “duds” were also threatening profitability. He said the impact of synthetic diamonds was more severe if manufactures fail to
Undisclosed Synthetics Detected in Surat
Surat: The Surat Diamond Association (SDA) on Saturday detected 110 piece of synthetic diamonds from a packet belonging to two diamond traders operating from the Mini Bazaar diamond market in Varachha, according to a report published in The Times of India. This is the first time that synthetic diamonds have been detected from the world’s largest diamond cutting and polishing
2-Day G&J Buyer Seller Meet Opened on 7th
Mumbai: The Gem & Jewellery Buyer Seller Meet (BSM) 2025 organized by India’s Gem & Jewellery Export Promotion Council was inaugurated today at Bharat Ratnam Mega CFC, Mumbai. The occasion was graced by the august presence of Mr. Dnyaneshwar B. Patil, IAS, Zonal Development Commissioner, SEEPZ alongside Mr. Kirit Bhansali , Chairman, GJEPC and Mr. Sabyasachi Ray, Executive Director, GJEPC
Nikita Porwal Appointed Brand Ambassador of GJC
Mumbai: The 7th Edition of India Gem and Jewellery show (GJS) #HumaraApnaShow, was inaugurated in a grand ceremony at the Jio World Convention Centre in Mumbai. Marking this special occasion, the apex industry body, All India Gem and Jewellery Domestic Council (GJC) introduced Miss Nikita Porwal, Miss India 2024, as its new brand ambassador. The GJS April 2025 marks the beginning of an exquisite showcase of
IGJS Inaugurated in Jaipur
Jaipur: Amid the evolving global trade landscape, India’s Gem & Jewellery Export Promotion Council (GJEPC) inaugurated the International Gem & Jewellery Show (IGJS) Jaipur 2025 today, reinforcing India’s commitment to strengthening its gem and jewellery industry as it navigates the recent announcement of a 27% reciprocal tariff by the US administration on Indian exports. The 4th edition of IGJS Jaipur,
GJEPC Analizes Reciprocal Tarrif
Mumbai: The US President Donald Trump announced reciprocal tariffs affecting over 180 countries, including a 26% tariff on India. As a result, the market has reacted negatively. Trump’s ‘Liberation Day’ announcements had no country-specific exclusions as he announced new tariff rates for more than 180 countries. Apart from country-specific tariffs, Trump also announced the imposition of a 10% baseline tariff.
