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
Hallmarks Still Voluntary in India
New Delhi: The Bureau of Indian Standards Act (BIS Act, 1986) will enable hallmarking of precious metals and jewellery including gold by providing ‘legal recognition’ through amending the Act. On making the process mandatory, the Government will only take a call after further assessment of consumer needs by the Ministry of Consumer Affairs. The BIS, which will now be positioned
AWDC Wins Best Sustainability Report Award
Antwerp: On December 2nd, 2014 the 16th edition of the award ceremony for Best Belgian Sustainability Report took place. The Award is an initiative of the Belgian Institute of Registered Auditors. It encourages and rewards companies and organizations that, next to reporting on their economic and financial data, report on their activities in the framework of sustainable development in a
Argyle Raises Money for Women for Internship
London: A champagne diamond from Rio Tinto’s Argyle Diamond Mine has been used to raise funds to sponsor a female mining intern from London’s Imperial College. The Rio Tinto internship was announced at a ‘Women in Mining’ event on the side-lines of Europe’s leading mining investment and capital raising conference, the Mines and Money conference in London. Rio Tinto’s Diamonds
Platinum Supply Declined by 27%
Johannesburg: Platinum is set to see a global shortfall of 885,000 ounces in 2014, 27 percent more than in 2013, according to a quarterly report by World Platinum Investment Council (WPIC). The sharp drop in supply comes mainly from a 31 percent fall in mining supply from South Africa, largely attributed to the five-month strike which hit the South African
Registrations Open for CIBJO Congress
Jaipur: CIBJO’s 2023 annual congress will take place in in Jaipur, in the Indian State of Rajasthan, from October 3 to October 5. Pre-congress meetings will be held on October 1 and 2. The hosts of the congress is the Gem & Jewellery Export Promotion Council (GJEPC) and the co-host is the National Gem & Jewellery Council of India (NGJCI).
KP’s Diversity Should be Source of Strength
Victoria Falls: In her first speech to the Kimberley Process as President of the World Diamond Council, Feriel Zerouki has stressed that the diversity of opinion and background of the KP’s members – Participants and Observers alike – should be considered not a deficiency but rather a source of strength. She was speaking during the Opening Session of the organization’s
Branded Collections Drive Growth of Platinum Jewellery
Mumbai: As jewellery industry trends continue to evolve, branded jewellery is expected to be a major growth engine in the coming years. Effective branding builds strong consumer relevance and connectivity, which younger consumers appreciate, according to the latest insights from the 2023 Platinum Jewellery Business Review, organised in London by Platinum Guild International (PGI), the global marketing organisation dedicated to
Industry Faces New Challenges Now
Milan: With the world finally emerging from the restrictions imposed during the COVID crisis, the jewellery industry is now required to compete without certain of the strategic advantages it had during the pandemic, and this is occurring during a period of economic slowdown in many regions, CIBJO President Gaetano Cavalieri has told the Global Pearl Development Conference in Zhuji, China,
