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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Zimbabwe’s VP Lashes out at India’s Surat
Harare: Zimbabwe’s often reserved vice president Joyce Mujuru has sparked a potential diplomatic spat following her weekend tongue-in-cheek comment over India’s Surat. Surat, a city in the Indian state of Gujarat, was considered the world’s biggest diamond cutting and polishing centre. She was quoted in the local press as having said that India had “built a whole town” from smuggled
Winners Take Home Trophies at 2014 JNA Awards
Hong Kong: Anoop Mehta of the Bharat Diamond Bourse (BDB) and Ahmed Bin Sulayem of the Dubai Multi Commodities Centre (DMCC) – exceptional and inspiring leaders who are making an incredible impact in the gemstone and jewellery industry – led this year’s crop of 20 JNA Awards recipients. The awardees were feted in a spectacular ceremony and gala dinner that
Now Polygon Bans EGL Reports From Network
New York: The Polygon trading network will no longer list diamonds with European Gemological Laboratory (EGL) International reports on its service—although another platform, IDEX, says EGL reports remain welcome. The announcements come in the wake of trading network RapNet’s decision to ban all EGL reports. “We have been closely following the current discussions regarding EGL International, both on and off
De Beers Held Talks with Dubai Diamond Exchange
Dubai: A delegation of senior executives from De Beers visited the Dubai Diamond Exchange (DDE) on September 14, with the sides discussing future collaboration, the increasing role that the producing nations play along the New Silk Route and the opportunities this shift is bringing. DDE Chairman Peter Meeus hosted the delegation along DMCC Chief Executive Officer Gautam Sashittal. The De
De Beers Releases Diamond Insight Report 2022
London: Ethical assurances, ‘phygital’ retail strategies, branded offerings and Web3 experiences are key trends shaping how diamond consumers – in particular Gen Z – perceive and engage with diamond jewellery, according to new research published by De Beers Group in the 2022 Diamond Insight Report – A new diamond world: bringing trusted brands to new generations in a digital age. Based on
KP Reform Essential to Stay Relevant, Says WDC
Gaborone: If the Kimberley Process (KP) does not adopt the reforms necessary to ensure that its rough certification scheme remains relevant in a changed world, natural diamonds could lose relevance with the new generations of socially conscious diamond consumers, said World Diamond Council (WDC) President Edward Asscher, in his address to the Opening Session of the KP Plenary in Gaborone,
RJC Appoints Edward Asscher as Vice Chairman
New York: The Responsible Jewellery Council (RJC), the leading standards organisation of the global jewellery and watch industry, announced that its board of directors had appointed Edward Asscher as its Vice Chairman, and appointed Marianne Zani to its board. Each received unanimous approval by the board at its meeting in London on 6th October, the first in-person board meeting since
Gemfields to Auction Emerald Kafubu Cluster
Lusaka: Gemfields is offering the Kafubu Cluster emerald cluster weighing 37,555-gram (187,775 carats) at its ongoing emerald auction, with viewing and bidding closing on 17th November. Given its size and quality, it is likely that the Kafubu Cluster will be the most expensive single emerald piece ever sold by Gemfields. Discovered at the Kagem emerald mine in Zambia in March
