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
Gold Smuggling in India May Fall to 50 Tonnes
Mumbai: Going by the seizures of gold which has increased four times in 2013-14, intelligence agencies have estimated gold smuggled in the country around 50 tonnes in 2013-14 which is way lower from the estimated by the World Gold Council (WGC), reports The Business Standard. WGC had estimated nearly 200 tonnes of gold entered India unofficially. Trade circles have been
India May not fully Withdraw Gold Curbs
New Delhi: Despite a significant reduction in the current account deficit, curbs on gold imports are unlikely to be fully removed this Budget. Instead, the finance ministry may lower the import duty on the precious metal by two per cent, reports The Indian Express. “The current account deficit situation is still being closely monitored. The curb on gold imports was
Gujarat Govt. Assures Help for Diamond Bourse
Surat: As the prices of realty in Vesu and Dumas areas have skyrocketed following the announcement of proposed diamond bourse, diamantaires spearheading the movement for a world-class diamond bourse in the city have started lobbying with the state government for land, reports The Times of India. Members of Surat Diamond Bourse (SDB) committee, which includes chairman of leading diamond companies
Antwerp Seizes Parcel of Banned CAR Diamonds
Antwerp: The Antwerp diamond industry, represented by the Antwerp World Diamond Centre (AWDC), is stepping up its efforts in combatting conflict diamonds. The city, largely owing its reputation as the most transparent and strictly controlled diamond trade centre to the rigorous controls of all diamond imports and exports at the Antwerp Diamond Office, is determined to continue its strong commitment
Zimbabwe Set to Become Chairman of ADPA
Harare: Zimbabwe is set to take over the chairmanship of the African Diamond Producers Association (ADPA) from Tanzania when they meet in Victoria Falls this week. The southern African country is the current deputy chair of ADPA.“As the incoming ADPA chair in 2023, the Republic of Zimbabwe is expected to carry out the following mandate, among others: ensuring that African
IGJS from 10th to 12th May in Jaipur
New Delhi: Ministry of commerce & Industry Government of India and Gem & Jewellery Export Promotion Council (GJEPC) are jointly providing an exclusive opportunity to meet international buyers at India Gem & Jewellery show (IGJS), Jaipur scheduled to be held from 10th to 12th May 2022 at JECC Jaipur. In a statement, the GJEPC said, “Looking at the improving current
Moscow Diamond Bourse No Longer WFDB Member
Antwerp: The World Federation of Diamond Bourses (WFDB) announced yesterday that the Moscow Diamond Bourse has suspended its membership in the organization. The move comes after the Moscow bourse temporarily stopped its activity on March 7, 2022. The official letter from the Moscow bourse, dated April 3, 2022, states: “We look forward to see the end of hostilities and hope that
India Gem & Jewellery Show Inaugurated
Mumbai: Mr. Raosaheb Danve, Union Minister of state for Railways, Coal and Mines, Government of India, inaugurated “INDIA GEM & JEWELLERY SHOW (GJS 2022)” along with Mr. Ashish Pethe (Chairman GJC), Mr. Saiyam Mehra (Vice Chairman GJC & Convener GJS), Mr. Avinash Gupta (Co Convener GJS), Mr. Nilesh Shobhawat (Co Convener GJS) and GJC COA’s accompanied by industry delegates. All
