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
New Surat Diamond Bourse to Come up at Khajod
Surat: The most awaited project of proposed Surat Diamond Bourse has recently got a fillip as the Gujarat government has principally agreed to allot a plot at Khajod, said Mr. Pravin Nanavati, the former president of Southern Gujarat Chamber of Commerce & Industry (SGCCI). The proposed bourse would be spread over 300 acres plot and probable the largest in the
Surat to Become Diamond Trading Centre Soon
Surat: The Union government has given an in-principal approval to India’s first ‘diamond notified region’ in the diamond city of Gujarat. This will enable diamond mining companies from across the world to set-up rough diamond trading offices for direct trading with companies based in Surat and Mumbai, reports The Times of India. A delegation of Gujarat government met the Union
Putin Invited to Visit Surat
Surat: Surat mayor Niranjan Jajmera and the South Gujarat Chamber of Commerce and Industry (SGCCI) president, Mahendra Katargamwala, have formally invited Russian President Vladimir Putin to visit the diamond city during his India tour in December. Formal invites on behalf of the mayor and the SGCCI have been sent through the office of the Russian Ambassador in India, official sources
TanzaniteOne Q3 Output Dips
Dar Es Salaam: Richland’s partly-owned TanzaniteOne Mining Limited (TML) said it produced 622,551 carats of tanzanite during the third quarter of 2014 down from 810,347 carats recorded a year earlier. The company said in a statement that it achieved an average grade of 110 carats per tonne up from 108 carats realised during the second quarter of 2013. It said
CIBJO and IGDA Sign an Agreement
Birmingham: The World Jewellery Confederation (CIBJO) and the International Grown Diamond Association (IGDA) have agreed to work together in protecting the confidence of consumers in both jewellery products and the jewellery industry, through the transparent development of standards, operating principles and terminology. The agreement was formalised on June 25, 2023, as a Memorandum of Understanding (MOU), signed by Gaetano Cavalieri,
Modi Gifts LGD to Jill Biden
Mumbai: India Prime Minister Mr. Narendra Modi’s gift of a lab-grown 7.5-carat “green” diamond to the US President Joe Biden and First Lady Dr. Jill Biden during his state visit to the US serves as an endorsement of India’s prowess and leadership in the lab-grown diamond sector. By selecting an Indian lab-grown diamond for such a prestigious occasion, PM Modi
India Takes Steps to Revive Jewellery Exports
Mumbbai: The Gem & Jewellery Export Promotion Council (GJEPC) has been actively addressing the concerning decline in India’s gem and jewellery exports, which witnessed a significant drop of 36% in April and 16% in May (in dollar terms). To counter this downward trend, the GJEPC has made multiple representations to the Government of India, urging it to prioritise and support
Gift Forevermark Cufflinks on Father’s Day
Mumbai: With Father’s Day just around the corner, it’s time to appreciate the role fathers play in our lives with a gift that speaks to their personal style and enduring presence. A pair of exquisitely crafted cufflinks from the De Beers Forevermark Icon™ Collection holds the perfect symbolism to mark this occasion. The cufflinks from this collection shine brilliantly like stars
