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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Second Zimbabwe Diamond Conference Ended
Harare: The Second Zimbabwe Diamond Conference ended on November 7 with a vigorous panel debate on the issue of beneficiation as the engine of growth for the country’s diamond industry. The panel included Mr. Richard Mvududu, Chair of the Diamond Beneficiation Association of Zimbabwe, Mr. Tafadzwa Musarara from Resources Exploitation Watch, Mr. Shamiso Mtisi, KP Civil Society Coalition Representative in
CIBJO President Speaks at ZDC
Harare: Noting the responsibility of the jewellery industry towards society, CIBJO President Gaetano Cavalieri has recognized the need of African diamond producing countries to leverage their natural resources into sustainable economic development for their countries’ citizens. He was speaking during the opening day of the Zimbabwe Diamond Conference in Harare. “These are historic days for the diamond industry. Whereas once
1st Israel Diamond Pavilion at HK Jewelry Mfg Show
Ramat Gan: This year for the first time the Israeli Diamond Industry will be featured in a national pavilion at the Hong Kong International Jewelry Manufacturers’ Show, to be held November 27 – 30 at the Hong Kong Convention & Exhibition Centre. The pavilion, organized by the Israel Diamond Institute Group of Companies (IDI), will host 26 companies, 17 of
WDC Offers Support in Dealing with Ebola Crisis
Johannesburg: The World Diamond Council (WDC) has made contact with the African Diamond Producers Association (ADPA), offering its support in dealing with the impact on the mining sector of the Ebola crisis in West Africa. ADPA is a union of African diamond mining countries, working as to advance the common interests of the continent’s diamond producers. The organization has 18
International BSM Held at Bharat Ratnam
Mumbai: Gem and Jewellery Export Promotion Council of India (GJEPC), the apex trade organization dedicated to promoting Indian gem and jewellery exports worldwide, organised the International Gem and Jewellery Buyer Seller Meet (BSM) the first ever at the newly inaugurated Bharat Ratnam, Mega CFC SEEPZ in Mumbai. This event is specifically designed to cater to international buyers from the U.S.,
Karen Rentmeesters Named as Interim CEO of AWDC
Antwerp: Karen Rentmeesters, currently active as Chief Officer PR & Industry Relations at AWDC, will take on the role of CEO ad interim within the organization. With Karen Rentmeesters, who has been with AWDC for 15 years now, the Board of Directors is choosing someone who knows the organization well and can fall back on a lot of expertise thanks
AWDC Reacts to the Resignation of Ari Epstein
Antwerp: With a formal response, the AWDC Board of Directors, with Isidore Mörsel as Chairman, reacted to media reports concerning the resignation of Ari Epstein as CEO of AWDC, and speculation about the reasons behind that resignation. The Board strongly denies that it opposes the measures taken by the Group of Seven to ensure that Russian diamonds no longer enter
GJEPC Unveils Exclusive Gem & Jewellery Show
Jaipur: The apex body of the gem and jewellery industry in India, GJEPC hosted the 3rd edition of International Gem & Jewellery Show (IGJS) in Jaipur. The event, powered by Gemfields, is being held from 12th to 14th April at Novotel Jaipur Convention Centre, Jaipur. IGJS Jaipur is a curated event, showcasing the best of Indian craftsmanship, featuring over 54 jewellery manufacturers and exporters
