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
De Beers Announces Auction Sales Programme
Gaborone: The De Beers Group of Companies yesterday announced the 2015 Forward Contract Sales (FCS) programme for its Auction Sales business. As a result of customer feedback, the new programme includes a number of changes from the programme first launched in 2014. In response to customer demand for greater availability of Forward Contracts in the first half of the year
Huw Daniel Appointed CEO of PGI
Mumbai: Huw Daniel has been appointed Global CEO of PGI, after 12 years as President of PGI USA. The announcement was made by the Platinum Jewellery Development Association (PJDA), which represents the major platinum producers (Anglo Platinum, Impala Platinum and Lonmin) and sponsor the PGI. Daniel succeeds long serving CEO James Courage who will retire at the end of April.
India’s Exports Steady in December 2014
Mumbai: Exports of cut and polished diamonds as well as gold jewellery remained steady during the month of December 2014, registering a decline of 0.03% and a rise of 0.55% as compared to the same month a year earlier, according to figures compiled by GJEPC. Overall, the gross exports of all gem and jewellery items too showed a negligible 1.65%
Investment Will Be Key to Success: Philippe Mellier
Gaborone: Addressing a Sightholder reception yesterday, during the first De Beers Sight of 2015, Philippe Mellier, Chief Executive, De Beers Group, said that maintaining success in the diamond industry is dependent upon investment to sustain supply, finance and demand. Mr Mellier pointed to De Beers’ investment in mining projects in Botswana, South Africa and Canada to deliver sustainability of supply,
Alrosa Signs Contract with 12 Indian Cos
New Delhi: On the first day of the World Diamond Conference India, Russia’s Alrosa finalized three year-contracts for direct rough supply to 12 Indian diamond companies beginning from 2015. The agreements were signed by Illya Raschin, Acting President of Alrosa with the respective heads of each of the companies in the presence of Shri Siddharth, Joint Secretary, Dept. of Commerce,
World Diamond Conference Begins in New Delhi
New Delhi: The much awaited event ‘World Diamond Conference-India’ (WDCI) began today in New Delhi. The Gem & Jewellery Export Promotion Council (GJEPC), in association with the World Diamond Mark Foundation (WDMF) and with the support from the Ministry of Commerce and Industry, Government of India, has organized the first ever-global congregation of diamond industry leaders in India. Mr. Vipul
WDCI Proceedings Can be Viewed across the World
New Delhi: Industry members from across the world have the opportunity to follow the entire proceedings of the World Diamond Conference India(WDCI) as they unfold in Delhi on December 11-12, 2014. The organisers have made arrangements for live streaming of every session on the website of The Gem & Jewellery Export Promotion Council at www.gjepc.org. “This is a first-of-its-kind event
Israel is Best Place to Do Diamonds Business
Ramat Gan: The Israel Diamond Exchange (IDE) released a taped invitation to the International Diamond Week in Israel (February 8-12, 2015) that within hours after it was posted online, received a great number of viewings, and it is therefore expected to go viral in the next few days. “We are determined to make the winter edition of the International Diamond
