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
PNG Jewellers Signs Madhuri Dixit as Brand Ambassador
Mumbai: PNG Jewellers, announced the signing of Madhuri Dixit as its brand ambassador for the next two years. Madhuri Dixit, the renowned Bollywood actress, known for her elegance and grace, will represent the brand globally and across India. Madhuri was previously the brand ambassador for PNG Jewellers for a two year period. PNG Jewellers has been crafting exquisite jewellery for
IIJS Tritiya Inaugurated in Bengaluru
Bengaluru: India’s apex body, The Gem & Jewellery Export Promotion Council (GJEPC) presented India International Jewellery Show – IIJS Tritiya – in Southern India at the Bangalore International Exhibition Centre (BIEC) from 17th to 20th March 2023 – a month prior to Akshaya Tritiya, the auspicious gold jewellery-buying festival. IIJS Tritiya follows the stupendous success of IIJS Premiere – Bengaluru
Celebrating Gudhi Padwa with Precious Platinum!
Mumbai: As Maharashtra and some key Western states of India gear up to celebrate Gudhi Padwa, the Marathi New Year, there is a sense of excitement and anticipation in the air. This joyous occasion not only marks the start of a new year but also the beginning of the harvest season. And what better way to welcome prosperity than with
This Ugadi, Greet the New Year with Platinum Jewellery
Mumbai: “Ugadi” is a significant Hindu festival that marks the beginning of a new year, and it has its roots in the ancient Sanskrit language. The word “Ugadi” is derived from the combination of two Sanskrit words, “yuga” and “adi,” which symbolize the start of a new era. The festival is celebrated with immense joy and devotion, primarily in the
