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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Air India Conducts Survey in Surat
Surat: The Air India (AI) has started a fresh survey to assess passenger traffic potential from Surat towards Mumbai, Delhi and Bangalore, reports The Times Of India. A team of AI officials led by general manager Mukesh Bhatia was in the city to meet members of trade and commerce, Surat Diamond Association (SDA), Southern Gujarat Chamber of Commerce and Industry
Zimbabwe Eyes Domestic Diamond Exchange
Harare: Government will auction local diamonds once or twice in Antwerp, Belgium, before testing waters on its own planned domestic exchange in November this year. Mines and Mining Development Minister Walter Chidhakwa said in an interview that Government was working on modalities of the domestic diamond exchange. “We are preparing for the (domestic) auction in November. We will do one
Mandatory Marking for Synthetics Proposed
Moscow: ALROSA proposed to introduce mandatory marking for synthetic diamonds, Vladlen Nogovitsin, Head of the miner’s Customer Policy, told Interfax in his interview. The company’s initiatives to regulate the turnover of “synthetics” are being discussed in the framework of an expert group under the Ministry of Finance of the Russian Federation. “We stand for defining the concept of synthetic diamonds
Global Diamond Output to Reach 172 Mln Ct in 2018
Moscow: Equity Communications said global diamond output is expected to reach 171.840 million carats in 2018, reports Rough & Polished. It said in a report titled, “The Global Diamond Business 2014” that diamond producers recovered 130.935 million carats last year, an increase of 2.4 percent from 2012. Diamond production was projected to rise by 6.7 percent this year led by
GJEPC Organizes First-Ever IJEX BSM in Dubai
Dubai: India’s Gem & Jewellery Export Promotion Council (GJEPC) along with the embassy of India in UAE organized the first-ever IJEX BSM in conjunction with IIJS Premiere 2022 roadshow on 19th July in Dubai. The event saw leading retailers from UAE connecting with top gem & jewellery manufacturers from India. The event was graced by His Excellency Sunjay Sudhir, Ambassador
Get-Diamonds Launches AR Tool VIRTUAL HAND
Antwerp: Get-Diamonds, the world’s largest B2B online platform for listing polished diamonds, owned by the World Federation of Diamond Bourses (WFDB), has launched VIRTUAL HAND, an augmented reality tool that enables users to virtually try-on a variety of diamond rings in different sizes, cuts, and settings, using computerized imaging. Get-Diamonds is the only B2B online platform to offer this tool. According
Israeli Diamonds Continue Upward Trend in H1 2022
Ramat Gan: Figures released by the Israel Diamond Controller for the first half of 2022 show that the positive trend in the diamond industry continued. All four major trade categories reported growth from January to June 2022, continuing the upward trend of the past 18 months. In the first half of the year, net imports of rough diamonds to Israel
India’s G&J Exports Grew by 21.41%
Mumbai: The gem & jewellery exports to UAE have started showing positive impact post the Comprehensive Economic Partnership Agreement CEPA) with UAE. Post the implementation of India -UAE CEPA on 1st May, plain gold jewellery exports to UAE witnessed a growth of 72% to Rs. 1048.40 Crore in May 2022 and 68.65% to 1451.58 Crore in June 2022 as compared
