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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Israeli Firms Offered Aid to Open Up in India
Tel Aviv: If you are an Israeli diamond company that has been considering opening up branches in one of both of the two most populous countries in the world, the conditions for you doing so have just ripened, according to the Israel Diamond Exchange (IDE). The Israel-Asia Chamber of Commerce announced that Israel’s Economy Ministry is willing to partially fund
Rio Tinto’s Skill Development Plan at Bunder
Bhopal: Rio Tinto’s Bunder project has announced a unique driver training programme as part of a skills development plan for its diamond project in Madhya Pradesh. A special driver training program focusing on light vehicles has commenced with more than half the existing Bunder workforce eligible to apply. The programme, comprising theory and practical training, is being undertaken in partnership
Japan’s First Lady Visits Rio Tinto’s Pink Diamonds
Perth: Rio Tinto’s iconic Argyle pink diamonds were part of the inaugural visit to Western Australia by Japan’s First Lady Mrs. Akie Abe at the invitation of the Western Australian Government. The 2014 Argyle Pink Diamonds Tender collection, comprising around 50 of the rarest and most valuable pink diamonds in the world, were showcased in an exclusive preview for Mrs.
Forevermark Expands to UK and Ireland
London: Forevermark, the diamond brand from De Beers Group of Companies announced yesterday it will be expanding into the United Kingdom and Ireland this autumn. Crossworks Manufacturing Ltd. has been appointed as the only licensee partner and will be working with a select number of retailers to bring Forevermark diamonds to the region. Forevermark CEO Stephen Lussier comments, “London is
Industry Leaders Meet Union Minister over Hallmarking
New Delhi: A delegation team led by UP Sarafa Association along with GJC met Union Minister Mr. Rajnath Singh (also senior BJP leader and member of Parliament from Lucknow) on the mandatory hallmarking issue. Mr. Singh patiently heard the concerns and issues highlighted on mandatory hallmarking for jewellery by the delegation. He then called Hon. Union Minister Mr. Piyush Goyal and advised him to
IIJS PREMIERE Officially Launched in Bangalore
Mumbai: The 37th edition of India International Jewellery Show (IIJS) Premiere was officially launched in Bengaluru by the Gem & Jewellery Export Promotion Council (GJEPC) amidst leading jewellers and trade associations at Ritz Carlton on 29th July. IJS Premiere 2021 is Asia’s one of the leading Gem & Jewellery trade Exhibition organised in Mumbai each year. With Covid 19 restrictions, the show will be organised at the Bangalore International Exhibition
India's Gold Demand up by 19% in Q2
Mumbai: Demand for gold in India during the April-June period increased 19.2 per cent to 76.1 tonne, compared to the same quarter of 2021, according to a report by the World Gold Council (WGC). In April-June 2021, demand stood at 63.8 tonne. “Demand for gold in India for Q2 2021 was at 76.1 tonne, increase by 19.2 per cent as
Platinum Days of Love Celebrates the Love
Mumbai: The ferocity of the second wave of the pandemic caught everyone unaware. It brought people to a breaking point and brought with it a negative spiral due to the collapse of various systems. Couples had just about started to pick up the pieces of their foiled plans when the second wave tore away at the remaining shreds of their
