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
Three Diamond Bourses to Cooperate With IDW
Ramat Gan: Members of three of the world’s leading diamond bourses will find themselves together on the trading floor of the Israel Diamond Exchange at the upcoming International Diamond Week (IDW) in Israel in February. Originally scheduled for past August, the winter edition of the event will gather — for the first time since the Israel Diamond Exchange instituted the
Gem-A Take the Party to Tucson
London: The Gemmological Association of Great Britain (Gem-A) has announced its upcoming plans for the Tucson Gem, Mineral and Fossil Showcase from the 1 – 15 February. Over the course of the two week showcase Gem-A plans to introduce jewellers, gemmologists and mineralogists to their range of professional educational courses, membership services, instruments and publications through a number of exhibitions,
Chow Tai Fook's 3Q Sales -10%
Beijing: Chow Tai Fook reported that group sales fell 10 percent year on year for the third quarter that ended on December 31, according to preliminary estimates that did not include hard totals. Same-store sales fell 18 percent, with a pronounced decline of 21 percent in Hong Kong and Macau and a 15 percent drop in Mainland China. Gem-set jewelry
Renewed Warning to 'Diamond Mixers' in India
Mumbai: In response to messages that have reportedly been circulating on social media about a number of leading Indian diamond companies said to be involved with recent mixing of synthetic and natural diamonds, India’s Gem and Jewellery Export Promotion Council (GJEPC) and the Surat Diamond Association (SDA) issued a joint statement this week warning of legal action against those caught
Winsome Case Handed over to CBI
New Delhi: CBI has been asked to investigate Winsome Group of Companies for default of Rs 6,000 crore loans from lenders like Punjab National Bank. Besides, CBI has also been asked to probe Rs 1,500 crore default by Biotor Industries Ltd., reports zeenews. “The Central Vigilance Commission (CVC) has not conducted any vigilance inquiries directly into any of biggest loan
Opposition against World Diamond Council Ends
New York: Groups that stayed away from the World Diamond Council’s annual meeting in Antwerp, Belgium, have patched up their differences with the current WDC leadership. “[We] pledge our continuous and full support to the WDC and its objectives,” said a statement cosigned by the heads of World Federation of Diamond Bourses and CIBJO, both of whom boycotted the October
Fourteen Diamond Cos. Moving into New PGJC
Panama: With construction of the Phase I building of the Panama Gem & Jewelry Center now complete, companies are presently taking up their allocated offices in the facility, with the building a hive of activity of carpenters, fitters and furniture delivery men. Among the 45 multinational firms that will be moving in over the coming days are 14 of the
GII to Provide Diamond Detection Resource Center
Mumbai: Gemmological Institute of India (GII) a project of Gem & Jewellery Export Promotion Council (GJEPC), has established the Diamond Detection Resource Center (DDRC) with the help of Bharat Diamond Bourse (BDB) and GJEPC. The aims and objectives of the DDRC is to identify and certify Synthetic diamonds and help the industry with the necessary information related to the Synthetic
