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
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Tanzania to Temporarily Ban Gemstones Exports
Dar-Es-Salaam: Tanzania is to impose a moratorium, albeit temporary, on the exportation of gemstones in a bid to “strengthen” the domestic market, according to the local media. The move is also meant to transform Tanzania’s northern tourist city of Arusha into a gemstone centre. Ministry of Energy and Minerals spokesperson Badra Masoud was quoted as saying that the decision would
EGL Asia and China's NGGC Renew Agreement
Ramat Gan: The Hong Kong-headquartered EGL Asia and NGGC, the state-owned, leading Chinese diamond grading laboratory, signed an agreement which renews and prolongs the close cooperation between the two institutions. The agreement was signed in Ramat Gan, Israel, during a visit of a Chinese delegation of representatives of the Shanghai Institute of Measurement and Testing Technology (SIMT) and NGGC. The
Gemfields Rakes in $35 Mln From Lusaka Auction
Lusaka: Gemfields said it earned about $35 million in revenue from its latest auction of predominantly higher quality rough emerald from the Kagem emerald mine, which was held in Lusaka, Zambia. The auction, which started on 13 November ended last Monday. It said in a statement that this was the second highest revenue achieved at any higher quality auction. The
Namdeb to Extend Diamond Mining to 2050
Gaborone: Namdeb Diamond Corporation, a joint venture between Namibia and De Beers has re-affirmed its plans to mine gems in the southern African country until at least 2050 by deploying new technology. Bloomberg quoted Namdeb spokesperson Pauline Thomas as saying that it takes “continuous innovation” and “investing in new technology to mine mid-water areas”. Namdeb recently opened the Sendelingsdrif mine
CIBJO Emphasises Jewellery’s Positive Societal Role
New York: Gaetano Cavalieri, President of the World Jewellery Confederation (CIBJO), informed the High-Level Segment of the United Nation’s Economic and Social Council (ECOSOC) in New York about the jewellery industry’s potential as a force for positive societal development, particularly during the period following the COVID pandemic. Among the leaders in attendance during the gathering was UN Secretary General António
Red Carpet Platinum Jewellery Trend
Mumbai: Statement necklaces set in platinum are making a comeback on red carpets around the globe! Celebrities including Rosie Huntington-Whitely, Rihanna, Lily Collins, and Kirsten Dunst have been spotted wearing a variety of bold necklace styles. Platinum Guild International (PGI), the marketing association for the platinum jewellery industry, predicts that necklaces ranging from single strand chokers with pendants to multi-layered
India Puts Restrictive Measures on Gold Imports
Mumbai: The Indian government has recently imposed new restrictions on gold imports, specifically targeting the import of gold jewellery from ASEAN and SouthEast Asia. This strategic move aims to strengthen the Indian jewellery industry by curbing the disproportionate import of bullion compared to jewellery and fostering local manufacturing capabilities. Mr. Saiyam Mehra, Chairman of the All India Gem and Jewellery Domestic
llJS Premiere with Groundbreaking Changes
Mumbai: The 39th edition of the India International Jewellery Show (IIJS) Premiere is poised to make history with its groundbreaking changes and exciting new features. With two separate venues, the Jio World Convention Centre and the Bombay Exhibition Centre, this year’s show promises to offer a wider range of products and a world-class experience. The response from exhibitors and retailers
