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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De Beers July Sight Estimated at $775M
Gaborone: The De Beers July sight closed with an estimated value of $775 million. De Beers reportedly raised prices slightly on most goods by 1 percent to 2 percent with sharper hikes in the prices of smaller and lower-quality diamonds. Sightholders noted that De Beers also changed the assortment in its presentation, which partially offset the higher prices of its
RBI Relaxes Ceiling on Loans against Gold
Mumbai: The Reserve Bank of India has relaxed the Rs 1-lakh ceiling on loans for nonagricultural purposes against pledged gold and has left it to individual banks to decide on a lending cap. “Banks, as per their board-approved policy, may decide upon the ceiling with regard to the quantum of loans that may be granted against the pledge of gold
De Beers Announces Model for Rough Allocations
Gaborone: The De Beers Group of Companies yesterday announced its updated model for the allocation of rough diamonds by Global Sightholder Sales (GSS) in respect of the March 2015–March 2018 contractual period. Around 90% of De Beers’ total rough diamond availability by value is sold through GSS. The updated allocations model will involve a new method for determining GSS’s rough
Global Diamond Production +11% to $14B in 2013
Gaborone: Global diamond production by value rose 11 percent year on year to $14.09 billion in 2013, due mainly to an increase in the average price of rough diamonds, according to annual data published by the Kimberley Process Certification Scheme. By volume, global production increased 2 percent to 130.48 million carats, while the average price of production grew 9 percent
Argyle Coloured Diamonds Dazzle in Antwerp
Perth: Rio Tinto’s final Argyle Pink Diamonds Tender collection of rare pink, red, blue and violet diamonds is being showcased to connoiseurs, collectors and luxury jewellers in Antwerp, Belgium. The Argyle Pink Diamonds Tender, an annual invitation-only event for the past 38 years, is widely considered to be the most anticipated diamond sale in the world, showcasing the pinnacle of
India PM Sets $ 400 bn Target for Export Sector
Mumbai: India’s Prime Minister Mr.Narendra Modi held a virtual interactive meeting with Heads of Export Promotion Councils (EPCs), Chambers of Commerce, and Indian Missions abroad along with stakeholders of the trade and commerce sector of the country on 6th August, 2021. The purpose of the interaction was to provide a focused thrust to leverage and expand India’s merchandise exports to
GJ Sector's CSR Initiatives Touch Thousands of Lives
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) has launched the book Jewellers For Hope – With Hearts of Gold, a compilation of corporate social responsibility (CSR) activities undertaken by the gem and jewellery trade in India. It highlights the magnitude of social work collectively undertaken by the gem and jewellery industry for the benefit of society. The sector accounts for approximately $36
Platinum Evara Celebrates Strong & Compassionate Women
Mumbai: The devastating second wave of the pandemic had far-reaching effects across various sections and strata of the society. During these times, it was the women who led from the front and became the fulcrum around which families and communities held together. Right from world leaders and front-line workers to home makers and salaried professionals, women from various walks of life became the
