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
Rio Tinto Registers 6% Growth in Diamond Rev.
Perth: Rio Tinto recorded a 6 percent increase year over year in diamond revenues grossing $901 million for the year ended December 31, 2014. The group’s net diamond earnings for the year jumped to $104 million, from $53 million a year earlier. The diamond division has also posted a 23 percent year-over-year increase in EBITDA to $315 million. Rio Tinto’s
India Posts Strong Growth in Jewellery Demand
Mumbai: 2014 saw a stabilization of the gold market as it pulled back from the extremes of 2013, according to the latest Gold Demand Trends full year report presented by Mr. Somasundaram PR, (MD, India) of the World Gold Council (WGC). Annual gold demand was 3,924 tonnes (t), 4% lower than 2013. The year ended strongly, with gold demand in
GJEPC Begins Process of Issuing ID Cards
Mumbai: The Gem & Jewellery Export Promotion Council has begun the process of issuing GJEPC Photo ID card to its members, which will have an annual validity up to March 31st of every year. It will be renewed subject to the renewal of membership of the card holder. The GIEPC Photo ID card will contain the name of the member
ALROSA and IDE Sign MoU
Ramat Gan: ALROSA and Israel Diamond Exchange (IDE) signed a Memorandum of Understanding (MoU) aimed at strengthening partnership between the company and Israel diamond community, to develop the diamond industries of both countries and promote the business in the international market. The document was signed at the sidelines of International Diamond Week in Israel on February 9 by Andrey Polyakov,
CARATS 2025 Concludes with Great Success
Surat: CARATS, the Surat Diamond Expo, organized by Surat Diamond Association (SDA) from July 11 to 13, 2025, at the prestigious Avadh Utopia, concluded on an exceptionally high note. The event witnessed remarkable participation and enthusiasm from industry stakeholders, culminating in trade transactions surpassing INR 100 crore. This impressive milestone reaffirmed the expo’s growing stature as a premier B2B platform
GJEPC Hosts Exporter & GCC Designers’ Workshop
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) hosted the inaugural session of the Exporter and GCC Designers’ Workshop at the Bharat Ratnam Mega CFC, SEEPZ in Mumbai on 17th July. The event marks a key milestone in the lead-up to SAJEX (Saudi Arabia Jewellery Exposition), GJEPC’s first-ever show in Saudi Arabia, scheduled from 11th to 13th September 2025 at
Registrations Open for JGW Hong Kong
Hong Kong: Buyer pre-registration for Jewellery & Gem WORLD Hong Kong (JGW) – the world’s No. 1 jewellery sourcing destination – is now open, show organiser Informa Markets Jewellery announced today. Trade buyers may pre-register until 7 September to experience six specialised B2B sourcing experiences across two premier locations spread out over seven days. From 15 to 19 September, the
Jewellery Hand Carriage Facilitation Centre Opened at Mumbai Airport
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), in collaboration with Mumbai Customs, formally inaugurated the Jewellery Hand Carriage Facilitation Centre at Chhatrapati Shivaji Maharaj International Airport (CSMIA), Terminal 2, on 16th July 2025. The facilitation centre was inaugurated by Mr. Surjit Bhujbal, Member Customs, CBIC, in the presence of Mrs. Prachi Saroop, Principal Chief Commissioner, Mr. Alok Jha,
