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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Global Diplomats Tour Antwerp’s Diamond Sector
Antwerp: On Wednesday, 150 diplomats descended upon Antwerp. In the context of the Diplomatic Day, organized by the City of Antwerp, they visited the Antwerp World Diamond Centre. Diamond Office, the beating heart of AWDC, attracted a lot of interest. Just like diamonds, diplomats travel around the world. Wherever they go, they transmit their knowledge. As diamonds are one of
Indian Diamantaires to Set Up Mfg Units in Ras Al Khaimah
Ras Al Khaimah: Officials from Ras Al Khaimah (UAE) and India’s leading diamantaires gathered for a high-level meeting recently at the Surat Diamond Association (SDA) premises, according to a press release. The Government of Ras Al Khaimah was represented by officials Alan Nixon – Associate Manager, International Business Development, Government of Ras Al Khaimah and Ashok Shridharan – CA, Government
Alrosa to Prospect for Zimbabwe Diamonds
Moscow: Diamond giant Alrosa is set to prospect for diamonds in Zimbabwe with DTZ-OZGEO, a Zimbabwe-Russia joint venture company. Reuters quoted Russia’s trade and industry minister Denis Manturov as saying that Alrosa and DTZ-OZGEO would prospect for diamonds throughout Zimbabwe. Currently diamonds were being mined in the south of the country by private company River Ranch, in central Zimbabwe by
Russia, Zimbabwe Ink $3bln Platinum Mining Deal
Moscow: Russia and Zimbabwe on September 16 signed Agreement of cooperation to develop platinum project in Darwendale near capital Harare. Russia’s investments amount to $3 billion. President Robert Mugabe and Russia’s Foreign Minister, Sergey Lavrov and Minister of Industry and Trade Denis Manturov oversaw the inking of the deal said to be the largest single foreign investment into Zimbabwe’s comatose
GIA Bans Five Indian Companies
Mumbai: The Gemological Institute of America has banned five Indian companies from further submissions to its grading lab, alleging they inscribed diamonds with GIA report numbers not associated with those gems, reports jckonline. “We reasonably suspect that stones submitted under your client account, and other accounts for which we believe you to be partnered, have been inscribed with preexisting GIA
6th IIJW Inaugurated in Mumbai
Mumbai: The much awaited 6th edition India International Jewellery Week (IIJW) was inaugurated on Monday by the Bollywood actress and Brand Ambassador of the Gem & Jewellery Export Promotion Council (GJEPC) Ms. Sonam Kapoor in presence of Mrs. Amruta Fadnavis, designer-cum-politician Ms. Shaina NC, Chairman of the GJEPC Mr. Vipul Shah, Convener of the IIJW Mr. Sanjay Kothari and other
Dev Shetty Conferred with ‘Bharat Gaurav’ Award
Mumbai: Mr. Dev Shetty, Chief Operating Officer of Gemfields – the world’s largest supplier of coloured gemstones, was recently felicitated with “Bharat Gaurav Award” at the British Parliament. “Bharat Gaurav Award” is prestigious award for Indians, from all over the World who have achieved overwhelming success in their respective field and made India proud globally. Mr. Shetty was felicitated for
RapNet Partners with IIJS 2015
Mumbai: RapNet has announced in partnership with the Gem & Jewellery Export Promotion Council (GJEPC), that the popular RapNet Show Listings service is now available for this year’s India International Jewellery Show (IIJS) taking place August 6 to 10, 2015. RapNet Show Listings is an online tool and mobile app enabling buyers to find diamonds and suppliers at major trade
