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
Bitcoin Growing in Adoption
New York: The cyber currency bitcoin is seeing increasing adoption, said a May 31 panel on “Bitcoin and the Jewelry Industry: What You Need to Know.” “In terms of the world’s economic system, bitcoin is doing small numbers,” said the panel’s moderator Verichannel CEO Jacques Voorhees, whose son works for a bitcoin company. “But the adoption rate is soaring.” Some
Fresh Diamond Looting Spree in Marange
Harare: Observers have reported a fresh diamond looting spree, with security and army chiefs said to be working hand in glove with senior mining companies’ staff in the scam. Reports said the swindle is being spurred on by panic among mining staff members who are not sure of their fate following a government announcement that it will streamline diamond mining
GJEPC Launches New Business Development and Marketing Campaign
Las Vegas, 31st May: The Gem & Jewellery Export Promotion Council (GJEPC) of India announced a major, new, multi-level business development campaign at a news conference focused on the U.S., Canadian and South American markets. The purpose of the campaign is to re-invigorate, strengthen and expand GJEPC’s business development efforts and build trusted relationships between India’s key jewelry industry companies
Overseas Traders Invited to Buy Offices in SDB
Surat, 30th May: After Mumbai, now Surat diamantaires are inviting diamond traders from abroad to set up offices at the proposed Surat Diamond Bourse (SDB) here. Road Shows are being organized at Antwerp, Dubai, Hong Kong, China, UAE and Europe, to impress upon diamond traders to buy office space at the proposed diamond bourse, according to a report in The
Okavango to Host Rough Diamond Viewing at IDTC
Mumbai: Okavango Diamond Company (ODC) announced that it is set to hold rough diamond viewings at the India Diamond Trading Center (IDTC). The viewings at the Bharat Diamond Bourse (BDB) will take place in parallel with regular ODC viewings in the Botswana capital, Gaborone. The company will show an assortment of stones, which will be offered for sale at the
WFDB Emphasizes Wider Transparency in Trade
Antwerp: The World Federation of Diamond Bourses (WFDB) has taken further steps to refine its strategy going forward at its Asia Summit held in Seoul where presidents were hosted by the Korea Diamond Bourse. The WFDB’s Executive Committee agreed on internal changes, as well as steps regarding increasing transparency in trading and generic marketing by the global diamond trade. The
Antwerp Rough Trade Takes Upturn in February
Antwerp: 2015 was a difficult year for the global diamond trade. Poor economic conditions caused diamond demand to slow worldwide. Antwerp, the largest diamond trade hub in the world, did not escape the downturn unscathed. The February trade figures, however, show the first signs of recovery. The diamond trade has taken an upturn. Last month (February 2016), a total of
GJEPC Invites JCK Las Vegas Participation
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) in its endeavor to promote the exports through exhibitions, is organizing joint participations under India Pavilion at premier Jewellery Exhibitions like JCK Las Vegas (USA), Vicenza Oro (Italy), Vicenza Oro (Dubai) Hong Kong Jewellery Show(Hong Kong), Jewellery Arabia (Bahrain) etc. Like every year, this year also the Council is organizing the
