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
Argyle Pink Diamonds Celebrates 30 Years
Sydney: Argyle Pink Diamonds is marking its 30th anniversary with a limited edition pink diamond encrusted feather pendant. Dubbed the Argyle Pink Plume, the necklace is set with more than 1 carat of natural Argyle pink diamonds. Only 100 of the anniversary pendants will be made. Each piece has a numbered “1 of 100” laser inscription and is accompanied by
Purple-Pink Diamond May Set New Record
Hong Kong: Auctioneer Sotheby’s will put an 8.41-carat pear-shaped internally flawless fancy vivid purple-pink diamond on the block in Hong Kong on October 7, with a pre-sale estimate of $12.8 million to $15.4 million. If the diamond is sold at the top of the estimate range, it will become one of the top three pink stones ever sold at auction
HRD Antwerp Launches 16th Edition of HRD Awards
Antwerp: HRD Antwerp has announced the launch of the 16th edition of the HRD Awards, the world’s leading design contest in creative and innovative diamond jewellery. The HRD Awards will be held within the framework of the World Expo Milano which will run from May 1st to October 31, 2015. The theme of the 2015 HRD Awards will be “A
Global Rough Prices Up by 6-7% in 2014
Moscow: Since the beginning of 2014 till the end of the first half rough diamond prices rose by an average of 6-7% at the global market. This estimate is stipulated in the recent report of ALROSA for the second quarter, cited by Finmarket.ru. Majority of market players have observed the negative trend shifted to stabilization or growth of prices in
Christie’s Hong Kong Sets Record in Asia
Hong Kong: The June 2 Christie’s Hong Kong Magnificent Jewels sale garnered nearly $118 million, setting a record for the most valuable jewelry auction ever held in Asia. Three pieces broke world records during the auction: A 120 ct. Burmese ruby and diamond necklace by Etcetera sold for $13 million, setting a world auction record for a ruby necklace; a
India’s Largest One-Stop Shop to Come Up in Surat
Surat: The proposed $1.5 billion India International Trade Centre (IITC) which was originally planned to be set up in Ahmedabad is now expected to come up at Surat Diamond Bourse (SDB) in Surat. Those associated with the project say that closeness to Mumbai, availability of land and prime location tilted in favor of Surat. Last year in November, city-based Kiri
India's G&JExports Down 20% in April
Mumbai: India’s gems & jewellery exports slumped for a fourth consecutive month in April, owing to weak global demand and seasonal adjustments. Data compiled by the Gems and Jewellery Export Promotion Council (GJEPC) showed these exports plunged 20 per cent to $1,979 million in April from $2,476 million in the corresponding month last year. These exports started falling in January,
April-May Platinum Jewellery Sales Up 30% in India
Mumbai: Platinum jewellery purchase has outpaced gold during the initial two months of the current fiscal year. The platinum jewellery sales during April to May this year surged higher by 30% over the previous year. The strong growth in sales was primarily driven by sharp plunge in platinum prices relative to gold and growing demand for bridal jewellery and chains.
