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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Gemfields Reports Auction Revenues of $15.5 Million
Lusaka: Gemfields plc reported auction revenues of $15.5 million, the second highest achieved at any lower quality auction, of its auction of mostly lower quality rough emerald and beryl held in Lusaka, Zambia, from August 5 to 8. Excluding the sale of 1.5 tonnes of low grade beryl, the average realized price was $3.61 per carat, a new record for
Viewing of 122.52-Ct Blue Diamond to Start Soon
Johannesburg: Petra Diamonds will shortly start the viewing process for the sale of the exceptional 122.52-carat blue diamond that it recovered in June at the Cullinan mine in South Africa. The viewing process will open on Monday, August 18, and will close on Friday, September 12, when offers from prospective buyers are to be submitted. Appointments to view the stone
Rio Tinto Showcases Rare Red & Pink Diamonds
Perth: Rio Tinto’s iconic Argyle Pink Diamonds Tender has been unveiled during a world exclusive preview in Sydney, with the 2014 collection boasting a record four rare Fancy Red diamonds. Celebrating the 30th anniversary of the world’s most anticipated diamond sale, the 2014 Argyle Pink Diamonds Tender collection comprises 55 diamonds, including 51 pink and purplish red diamonds and four
NY DDC Opens India Diamond Week
New York: The Diamond Dealers Club (DDC) of New York, in conjunction with the Gem & Jewellery Export Promotion Council (GJEPC), greeted yesterday close to 100 exhibitors at its first India Diamond Week on the DDC’s trading floor in Manhattan. DDC’s president, Reuven Kaufman, is creating a renaissance of the diamond trading floors by welcoming diamantaires from India, the manufacturing
Ind-Ra Maintains Stable Outlook on G&J
Mumbai: India Ratings and Research (Ind-Ra) has maintained a Stable Outlook for gems and jewellery exporters as well as retailers for FY16. However, it expects retailers to outshine exporters. Exporters are likely to register muted revenue growth of 3%-5% as global demand is exhibiting mixed signals, with the US and China showing improving and declining trends, respectively. Average industry EBITDA
Istanbul Chamber of Jewelry and WJH sign MOU
Istanbul: The Istanbul Chamber of Jewelry (IKO), a leading jewelry trade organization in Turkey, and the World Jewelry Hub, the first dedicated business center in Latin America for the diamond, colored gemstone and jewelry sectors, have concluded a Memorandum of Understanding, according to which the two sides will cooperate in the growth and development of the jewelry industries and markets
Platinum Evara Launched at Jos Alukkas, Hyderabad
Hyderabad: The newlywed beautiful Bollywood actress Dia Mirza comes back to her hometown, Hyderabad with her husband, Sahil Sangha to receive blessings of everlasting love from her mother Deepa Mirza. The couple celebrated their vows of love and the mother Deepa Mirza showered blessings on them with Platinum Evara jewellery at the Jos Alukkas store in Hyderabad. The couple also
Israel's Leaders Call for Reduced Rough Supply
Tel Aviv: Major rough diamond producers should reduce rough sales to help bring stability to the diamond pipeline, according to industry leaders in Israel, cited by Rapaport News portal. Shmuel Schnitzer, the president of the Israel Diamond Exchange (IDE), and Jacob Korn, the president of the Israel Diamond Manufacturers Association (IsDMA) expressed their support for restoring profitability to the diamond
