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
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
Gaetano Cavalieri Addresses ECOSOC
Milan: CIBJO President Gaetano Cavalieri has addressed the High Level Segment of the UN Economic and Social Council in New York, and in his presentation stressed the commitment of both CIBJO and the international jewellery sector to assisting the United Nations meet its development goals. Dr. Cavalieri was addressing the annual keynote gathering of the UN agency as the head
5th Edition of IIJW Inaugurated in Mumbai
Mumbai: After completion of four successful years, the 5th edition of India International Jewellery Week, popularly known as IIJW, was inaugurated this morning in Mumbai by Mrs. Rashmi Thackeray. Present at the inauguration were Mr. Vipul Shah, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC), Mr. Pankaj Parekh, Vice Chairman of GJEPC and other degnitories. Conceived and conceptualized
HRD Antwerp Adjusting Parameters of Cut Grade
Antwerp: HRD Antwerp is to adjust the proportion parameters of its Cut Grade, with changes taking place as of July 14. The Belgian lab said it is making the move “in order to be more compliant with the market standard, while maintaining the highest-quality grading standards that HRD Antwerp is known for”. “The HRD Antwerp Cut Grade is based on
India Floats Idea of Setting up Gold Board
New Delhi: The Indian Government has floated the idea of a Gold Board to ensure coordinated policy action, reports the Business Standard. The finance ministry held a round of discussions last month with stakeholders and sought their views on a National Gold Board, a body on the lines of the Financial Stability and Development Council. A government official said discussions
Largest Blue Star Sapphire Found in Sri Lanka
Colombo: Gemologists in Sri Lanka claim that the largest blue star sapphire yet has been discovered in a mine in the country, reports BBC News. The gemology institute in the capital Colombo has certified that the gem weighs 1404.49 carats and say they have not certified anything larger. The gem is valued at approximately $100m and the current owner estimates
Israel Diamond Exg to hold 'Ambassador Day'
Ramat Gan: The Israel Diamond Exchange (IDE) will be hosting a significant number of Ambassadors, Consuls and economic attaches during the winter edition of The International Diamond Week in Israel to be held on the IDE trading floor from February 14 to 18. On the afternoon of February 16, the diplomats will tour the trading floor, visit the Harry Oppenheimer
Israel’s Diamond Exports Down in 2015
Ramat Gan: Polished diamond exports from Israel fell by just over a fifth in the year 2015 from US$6,267 billion in 2014 to US$4,996 billion in 2005, according to figures released by Israel’s Diamond Controller. Net rough diamond exports from Israel were worth US$2,196 billion in 2015, marking a 28.3% decrease from rough diamond exports of US$3,061 billion in 2014.
