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 $2 million and barring the
Top News
Will Russia be Affected by Possible Sanctions?
Moscow: Possible Western sanctions targeting Russia’s diamond export won’t significantly harm the national economy, says Gokhran head Andrey Yurin. “We are one of the main producers, if we withdraw from Western market the first ones to be damaged are their local companies – they will be out of job,” said Yurin to Rossiyskaya Gazeta. “Besides, we should remember that diamonds
India’s Jewellery Exports Up 36% in September
Mumbai: September was a good month for Indian exporters with significant increases in the exports of cut & polished diamonds and gold jewellery (plain & studded), the two largest segments in the g & j sector. Exports of cut & polished diamonds from the country during the month were up 11.19% year on year to US$ 2,663.66 mn from US$
Petra Sells 232-Ct. Rough Diamond for $15M
London: Petra Diamonds Ltd. sold an exceptional 232.08-carat white diamond that was recovered from the Cullinan mine in South Africa in September to Diacore for $15,219,219 or $65,577 per carat. Johan Dippenaar, the CEO of Petra Diamonds, said, “We are delighted to have achieved the sales result for this exceptional white stone, which is an outstanding example of the very
IDE to Hold Raffle Promote Israel Diamond Week
Ramat Gan: Diamond buyers arriving at the Diamond Dealers Club of New York (DDC) for the Israel Diamond Week in New York can take part in a special raffle and a chance to win a free flight and guaranteed, free hotel accommodation for the next edition of the Israel Diamond Week that will take place February 8-12, 2015, at the
Israel International Diamond Week from Mar 27, 2023
Ramat Gan: Israel International Diamond Week, to be held from March 27–30, 2023, will feature a much-anticipated tender of polished goods held at the Israel Diamond Exchange’s (IDE) International Tender Center. The tender will be conducted by Diagurus from March 26 – 30, 2023. The tender will include a large amount of white and fancy color polished goods in a
Estimated ₹30k Cr Orders Booked at IIJS Signature
Mumbai: The recently concluded, IIJS Signature 2023, this year’s first & largest jewellery trade show, has booked orders worth Rs. 30,000 crore, as per the initial estimates by The Gem & Jewellery Export Promotion Council (GJEPC). The 15th edition of IIJS Signature, the biggest-ever and first-ever ‘Green Expo’ saw several brilliantly designed gem & jewellery creations from diverse parts of
GJEPC Seeks Jewellery Repair Policy from Govt.
Recommends 4% import duty on gold, silver & platinum; allowing sale of rough diamonds in SNZs; Zero duty on Lab Grown Diamond seeds 5 key recommendations in wishlist of GJEPC… Allow Sale of Rough diamonds in Special Notified Zone through Safe Harbour rule Re-Introduce Diamond Imprest Licence Repair Policy for Jewellery to tap $ 5.75 bn opportunity & create jobs
Plain Gold Jewellery Exports Grow Post India-UAE CEPA
Mumbai: For the period of April–December 2022, the overall gross exports of Cut & Polished diamonds (CPDs) declined 1.24% to ₹132,075.47 crores (fell 7.67% in dollar terms to US$ 16,625.45 million) as compared to ₹133,737.22 crores (US$ 18,006.79 million) for the same period last year. The Ukraine-Russia conflict has started to affect the Cut & Polished Diamond exports that has
