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
HRD Antwerp-Bharat Ratnam Mega CFC Forge Collaboration
Mumbai: HRD Antwerp, Europe’s leading authority in Diamond and Jewellery Grading, Education and Equipment, has officially launched its operations within the Bharat Ratnam Mega Common Facility Centre (CFC) in Mumbai. This collaboration was unveiled during the prestigious IIJS Premiere 2025 and marks a significant leap in advancing India’s jewellery ecosystem with world-class diamond certification services. The inauguration ceremony was held
Anil Kapoor Illuminates the ‘Jewellers for Hope’
Mumbai: The 10th edition of Jewellers for Hope, the flagship charity initiative by the Gem & Jewellery Export Promotion Council (GJEPC), illuminated the city with a powerful blend of compassion, commitment, and celebration. Held alongside IIJS Premiere 2025, this landmark edition brought together industry stalwarts, philanthropists, and dignitaries to mark a decade of impactful giving. Organized in collaboration with De
GJEPC Renames India International Jewellery Show as ‘IIJS Bharat’
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC), India’s apex trade body,has got received official confirmation from the Government to rename the biggest-ever India International Jewellery Show (IIJS) as IIJS Bharat, as announced by Mr. Kirit Bhansali, Chairman, GJEPC, during the inauguration of IIJS Premiere 2025. In a significant announcement, Mr. Bhansali revealed that the Council has received official
41st IIJS Premiere Inaugurated at JWCC
Mumbai: The biggest-ever India International Jewellery Show (IIJS), the 41st edition, is the biggest-ever edition of the famous gem & jewellery B2B trade show organised by India’s apex trade body,The Gem & Jewellery Export Promotion Council (GJEPC). Showcasing “Brilliant Bharat” theme, IIJS 2025 is eyeing big business generation of billions of dollars in exports with several policy initiatives such as the recently
Global Rough Diamond Production +51.4% in 2021
Johannesburg: Statistics published by the Kimberley Process (KP) indicate that global rough diamond production grew 11.9% by volume to 120.04 million carats in 2021, and jumped 51.4% in value to $13.98 billion on a year-on-year basis. Russia was the biggest diamond producer by volume in 2021, with an output of 39.11 million carats, while Botswana was the largest producer in
De Beers Hosted its Annual Forum in Mumbai
Mumbai: The De Beers Group, the world’s leading diamond company, held its annual Forum in Mumbai this week. The Forum brought together all its authorized partners, diamantaires, and manufacturers from across the country as well as key decision makers from the De Beers global team. The idea behind the three-day Forum was to facilitate a common platform for members of
Gold Import Duty in India Hiked by 5%
New Delhi: India has raised basic import duty on gold to 12.5 per cent from 7.5 per cent, according to a government notice dated June 30. This step has been taken to reduce influx of gold into the world’s second-largest consumer of the precious metal, after India’s ballooning trade deficit pushed the Rupee to a record low. This is a
GJEPC Welcomes GST Rate Rationalisation for CPDs
Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) has welcomed the government’s decision for rationalising the GST rates on cut and polished diamonds (CPDs) to 1.5 percent saying it will help resolve the industry’s issue on input tax credit (ITC). GST Council, in its 47th meeting held on 28th and 29th June 2022, has come up with revisions in
