We Wish to Build Globally Relevant SKY Gold: Akash Talesara
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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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Viewing of first Grib Diamonds Begins Today
Antwerp: The viewing of the first production of Grib Diamonds NV, a 100% owned subsidiary of OAO LUKOIL, will begin on Monday, September 15th, and will conclude on the following Monday. Consequently, on Tuesday September 23rd, the company will hold its first-ever, online auction of rough diamonds from the diamond mine named after Vladimir Grib in Arkhangelsk region (Russian Federation).
PNG Jewellers Celebrates Centenary of ‘Late Shri Dajikaka Gadgil’
Pune: P. N. Gadgil Jewelles recently celebrated the centenary year of ‘Late Shri Dajikaka Gadgil’ with various events spread out across the day to mark the majestic celebrations. Launch of late Shri Dajikaka Gadgil museum inaugurated by Mayor Chanchalatai Kodre, Shashitai Kirloskar and Mr.Vasant Davkhare, Deputy Chairman of Maharashtra Legislative Council followed by Madhuri Dixit Nene’s visit to the Laxmi
PJ Watson is Gem-A Gem Empathy Award Winner
London: The Gemmological Association of Great Britain (Gem-A)) has announced the winner of this year’s Gem Empathy Award as P J Watson. The Hertfordshire-based designers, manufacturers and wholesalers of fine diamond and gem set jewellery were awarded the prize for their stunning multi-purpose tourmaline and diamond, peacock feather brooch in 18ct white gold, created especially for the IJL show. Gem-A’s
First Sustainable Pearls Forum Talks Held
Hong Kong: The Sustainable Pearls Forum took place June 20th in Hong Kong, bringing pearl industry leaders around a table to discuss the importance of sustainability to cultured pearls. This event included companies such as Paspaley, Robert Wan, Jewelmer, Tiffany & Co. and Mikimoto. The Forum highlighted the potential of pearls as pioneers of sustainability in the jewellery industry and
Bitcoin Tech Used to Combat Diamond Fraud
London: A new fraud detection company called Everledger is utilizing Bitcoin blockchain technology to prevent insurance fraud. How will they do it? The company focuses on 40 metadata points in addition to the 4Cs (color, cut, clarity and carat weight) that identify a diamond. Laboratory houses digitize a diamond on the basis of these parameters and Everledger then takes the
World’s 1st Electronic Exchange for Diamond Market
Singapore: Singapore Diamond Investment Exchange Pte Ltd (SDiX) announced recently the upcoming launch of the world’s first commodities exchange in physically settled diamonds in Singapore, targeted to go ‘live’ in September 2015. The SDiX platform, the first of its kind globally, will utilize proven exchange technology to create a new marketplace for the global diamond trade, and is designed to
Namibia Establishing New Sales-Marketing Co.
Windhoek: Namibia is setting up new diamond sales and marketing company, according to reports in the Namibian press. The new company is called /Nore /Uis and was revealed by the country’s Minister of Mines and Energy Obed Kandjoze, reported New Era. The move follows a change in the sales and marketing agreement between the Namibian government and De Beers, which
The Top 10 Wealthiest Jewellers in India
Mumbai: T. S. Kalayanaraman, the chairman and managing director of Kalyan Jewellers, claimed the top spot on a Wealth-X list of India’s wealthiest jewellers released today with a personal fortune of US$1.3 billion. Kalayanaraman opened his first jewellery shop in Thrissur City in 1993 with only US$100,000 of capital, and his business has since expanded to 32 showrooms across South
