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
Rare Pink Diamond Ring Snatched
Perth: On Sept. 27, a rare pink diamond ring worth $577,000 was stolen during a viewing day at an auction house, according to a statement from police in New South Wales, Australia. Local news reports say the pink and white diamond ring, which held a rare pink gem excavated from Australia’s Argyle mine, was snatched from a counter during a
GIA Drops Fees on Synthetics Screening
New York: Gemological Institute of America (GIA) has dropped fees on its screening services for smaller diamonds to check if they are treated or synthetic. The service screens parcels of D-to-Z diamonds and colored diamonds up to 0.2 ct. The new fee structure reduces the existing per-stone fee from $12 to $10 for diamonds between 0.06 and 0.2 ct. and
About 200 Tonne Gold may Enter India Illegally
New Delhi: The World Gold Council (WGC) speculates that out of India’s total gold import demand in 2014, almost 20 per cent would be served through the grey market. “The total demand in 2014 is estimated to be between 850-950 tonnes, out of which upwards of 200 tonnes is likely to be served by the grey market,” said Somasundaram PR,
ALROSA Mulls Partnering with Jewelers
Moscow: ALROSA is considering the option of attracting renowned jewelry producers as strategic partners for its cutting and polishing facilities, the company reported. The announcement followed an executive committee meeting which looked at prospects for the development of its cutting and polishing business. The company did not specify which strategic partners in the diamond sector it was considering. However, ALROSA’s
GJC Conducts Installation Ceremony
Mumbai: The Installation ceremony of Committee of Administration (COA) of India’s prestigious gems and jewellery industry body the All India Gem and Jewellery Domestic Council (GJC) concluded successfully on 29th January 2023 at Hotel St Regis, Mumbai. Attended by more than 200 prominent jewellers from across India, Mr. Saiyam Mehra the New Chairman of GJC and Mr Rajesh Rokde, Vice
World Jewellery Confederation to Launch CIBJO Academy
Milan: World Jewellery Confederation President Gaetano Cavalieri has announced the establishment of the CIBJO Academy, which will be responsible for the preparation and delivery of educational programmes and materials, suitable for jewellery professionals and the consuming public, about standards, operating principles and terminology developed within CIBJO’s various commissions and expert committees. The announcement was made at the VICENZAORO show in
HRD Antwerp Announces Winners of 18th Design Awards
Antwerp: In the fully packed Teatro Palladio at Vicenzaoro, the reinvented design competition came to its conclusion with the announcement of the 3 category winners, the two runners-up and the overall competion winner. That final honor falls upon the young and new talent Wang Xuerui from China. CEO Ellen Joncheere also launched a new initiative to support young designers worldwide:
Registration Now Open for World Diamond Congress
Antwerp: The World Federation of Diamond Bourses (WFDB) has announced that registration is now open for the 40th World Diamond Congress, which will take place in Ramat Gan, Israel from March 28 – 30, 2023. The World Diamond Congress, the WFDB’s most important event, convenes representatives of the 29 member bourses as well as leaders of the world diamond community
